Sirius Minerals Plc Director/PDMR Dealing & Option Adjustments (7224Q)
December 01 2016 - 8:00AM
UK Regulatory
TIDMSXX
RNS Number : 7224Q
Sirius Minerals Plc
01 December 2016
1 December 2016
Sirius Minerals Plc
Director/PDMR Dealing & Option Adjustments
Sirius Minerals Plc ("Sirius" or the "Company") has been
notified that, further to admission of the Firm Placing and Placing
and Open Offer shares to trading on AIM on 28 November 2016 and
further to the announcement of 30 November 2016, that Jane Lodge,
non-executive director, has acquired 170,953 shares as part of the
excess entitlement facility in the Open Offer. As a result Jane
Lodge has a beneficial interest in 386,953 ordinary shares which
represents 0.009% of the Company's issued share capital.
Share Option Adjustments
The board of directors have approved certain market standard
adjustments ("Adjustments") to the Company's outstanding share
options in accordance with the terms of the option schemes to
reflect the impact of the Open Offer aspect of the Firm Placing and
Placing and Open Offer on the Company's existing share options
("Options"). As a result of the Adjustments the number of share
options outstanding in the Company has increased from 59,141,234 to
60,855,229 and the average option exercise price has reduced from
34 pence to 33 pence per option.
After the Adjustments the following Directors/PDMRs have the
following Options at the following exercise prices:
Name Role Options Exercise Expiry
Price Date
Chris Fraser Managing Director 10,289,814 29.2p 26/9/17
& CEO
10,289,814 43.7p 26/9/18
Keith Clarke Non-executive
CBE director 1,852,167 29.2p 22/12/23
Lord John Non-executive
Hutton director 1,852,167 29.2p 29/1/22
Thomas Staley CFO (PDMR) 1,543,472 29.2p 20/1/18
1,543,472 29.2p 20/1/25
Nicholas General Counsel
King (PDMR) 1,028,981 29.2p 2/12/22
Development Director
Simon Carter (PDMR) 2,572,453 34p 25/10/26
The Company's website has been updated to reflect these
changes.
Regulatory information
As at the date of this announcement, the Company's issued share
capital consists of 4,164,514,405 ordinary shares with voting
rights. This figure may be used by shareholders in the Company as
the denominator for the calculation by which they will determine if
they are required to notify their interest in, or a change of
interest in, the share capital of the Company under the Financial
Conduct Authority's Disclosure and Transparency Rules.
This announcement contains inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
For the purposes of MAR and Article 2 of Commission Implementing
Regulation (EU) 2016/1055, this announcement is being made on
behalf of the Company by Tristan Pottas, Investor Relations
Manager.
Director/PDMR Dealing - Further information
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulations, provides further detail in
respect of the transactions as described at the beginning of this
announcement.
1 Details of the person discharging
managerial responsibilities/person
closely associated
--- ----------------------------------------------------
a) Name Jane Lodge
--- ------------------------- -------------------------
2 Reason for the notification
--- ----------------------------------------------------
a) Position/status Non Executive Director
--- ------------------------- -------------------------
b) Initial Initial Notification
notification/
Amendment
--- ------------------------- -------------------------
3 Details of the issuer, emission
allowance market participant,
auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------
a) Name Sirius Minerals Plc
--- ------------------------- -------------------------
b) LEI n/a
--- ------------------------- -------------------------
4 Details of the transaction(s):
section to be repeated for
(i) each type of instrument;
(ii) each type of transaction;
(iii) each date; and (iv)
each place where transactions
have been conducted
--- ----------------------------------------------------
a) Description Shares
of the
financial
instrument,
type of
instrument
GB00B0DG3H29
Identification
code
--- ------------------------- -------------------------
b) Nature Take up of open offer
of the entitlement
transaction
--- ------------------------- -------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
GBP0.20 170,953
---------- ----------
--- ------------------------- -------------------------
d) Aggregated
information
* Aggregated volume 170,953
GBP0.20
* Price
--- ------------------------- -------------------------
e) Date of 28 November 2016
the transaction
--- ------------------------- -------------------------
f) Place AIM
of the
transaction
--- ------------------------- -------------------------
For further information, please contact:
Sirius Minerals Plc Tristan Pottas
Investor Relations Email: ir@siriusminerals.com Tel: +44 845
Manager 524 0247
------------------------- ------------------------------ ---------------
Joint Brokers
Liberum Capital Limited Neil Elliot, Tel: +44 20
(NOMAD) Clayton Bush, 3100 2222
Jill Li
J.P. Morgan Cazenove Ben Davies, Jamie Tel: +44 20
Riddell 7742 4000
WH Ireland Adrian Hadden Tel: +44 20
7220 1666
------------------------- ------------------------------ ---------------
Media Enquiries Jos Simson, Mike Tel: +44 20
Tavistock Bartlett, 7920 3150
Emily Fenton
------------------------- ------------------------------ ---------------
About Sirius Minerals Plc
Sirius Minerals Plc is the fertilizer development company
focused on the construction and development of its North Yorkshire
polyhalite project in the United Kingdom. It believes the Project
represents the world's largest high-grade known deposit of
polyhalite, a multi-nutrient form of potash containing potassium,
sulphur, magnesium and calcium. Incorporated in 2003, Sirius
Minerals' shares are traded on the London Stock Exchange's AIM
market (AIM: SXX). Further information on the Company can be found
at: www.siriusminerals.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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