Emmerson PLC announces additional issuance of award shares
Published by Emilie Grant,
Editorial Assistant
World Fertilizer,
Emmerson PLC, the Moroccan focused potash development company, announces an additional issue of shares and rights to the Board and Management of the company, further to the announcement on 12 December 2024.
Following the initial issue of award shares, notified in the company's announcement on 12 December 2024, the company can now confirm that, having successfully secured litigation funding, as announced on 2 January 2025, the second tranche of the award shares are now to be issued to each of the members of the board and management (the further issue).
Admission and total voting rights
Application has been made to the London Stock Exchange for the award shares pursuant to the further issue to be admitted to trading on AIM (admission) and it is expected that admission will become effective and dealing in the award shares will commence on or around the 17 January 2025. The award shares will rank pari passu with the existing ordinary shares of the company.
Following admission, the enlarged issued share capital of the company will comprise of 1 293 866 195 ordinary shares of no-par value each. No ordinary shares are held in treasury. The total number of voting rights in the company is therefore 1 293 866 195.
The above figure of 1 293 866 195 ordinary shares may be used by shareholders of the company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the company under the inancial Conduct Authority's Disclosure Guidance and Transparency Rules.
Read the article online at: https://www.worldfertilizer.com/project-news/15012025/emmerson-plc-announces-additional-issuance-of-award-shares/
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