REG - Emmerson PLC - Notice of AGM and Posting of Annual Report

EmmersonAnnouncement

31/05/2024 07:00

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RNS Number : 5353Q  Emmerson PLC  31 May 2024

Emmerson PLC / Ticker: EML / Index: AIM / Sector: Mining

31 May 2024

Emmerson PLC ("Emmerson" or the "Company")

Notice of AGM and Posting of Annual Report

 

Emmerson PLC, the Moroccan focused potash development company, announces that
its Annual General Meeting ("AGM") will be held at 11.00 am BST on Wednesday
26 June 2024 at 55 Athol Street, Douglas, Isle of Man, IM1 1LA.

 

The Notice of AGM and a Form of Proxy, together with a copy of the 2023 Annual
Report and Accounts, will be sent today to shareholders.

 

These documents are also available to view on the Company's website at the
following address: www.emmersonplc.com/investors/corporate-documents/
(http://www.emmersonplc.com/investors/corporate-documents/)

 

**ENDS**

 

For further information, please visit www.emmersonplc.com
(http://www.emmersonplc.com/) , follow us on Twitter (@emmerson_plc), or
contact:

 

 Emmerson PLC                                                  +44 (0) 207 138 3204

 Graham Clarke / Jim Wynn / Charles Vaughan

 Liberum Capital Limited (Nominated Advisor and Joint Broker)  +44 (0)20 3100 2000

 Scott Mathieson / Matthew Hogg

 Shard Capital LLP (Joint Broker)                              +44 (0)20 7186 9927

 Damon Heath / Isabella Pierre

 BlytheRay (Financial PR and IR)                               +44 (0) 207 138 3204

 Tim Blythe / Megan Ray / Said Izagaren

 

Notes to Editors

Emmerson is focused on advancing the Khemisset project ("Khemisset" or the
"Project") in Morocco into a low cost, high margin supplier of potash, and the
first primary producer on the African continent. With an initial 19-year life
of mine, the development of Khemisset is expected to deliver long-term
investment and financial contributions to Morocco including the creation of
permanent employment, taxation, and a plethora of ancillary benefits. As a
UK-Moroccan partnership, the Company is committed to bringing in significant
international investment over the life of the mine.

Morocco is widely recognised as one of the leading phosphate producers
globally, ranking third in the world in terms of tonnes produced annually, and
the development of this mine is set to consolidate its position as the most
important fertiliser producer in Africa. The Project has a large JORC Resource
Estimate (2012) of 537Mt @ 9.24% K(2)O, with significant exploration
potential, and is perfectly located to support the expected growth of African
fertiliser consumption whilst also being located on the doorstep of European
markets. The need to feed the world's rapidly increasing population is driving
demand for potash and Khemisset is well placed to benefit from the
opportunities this presents. The Feasibility Study released in June 2020
indicated the Project has the potential to be among the lowest capital cost
development stage potash projects in the world and also, as a result of its
location, one of the highest margin projects. Updated financial estimates
published in February 2024 indicated a net present value of US$2.2 billion,
with an internal rate of return of approximately 40%.

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