Business
Exercise & Allotment of Shares
Exercise & Allotment of Shares.
About this update from Emmerson Plc
[{"type":"text","content":"\n\n \n\n\n \nEmmerson PLC / Ticker: EML / Index: AIM / Sector: Mining\n6 June 2023\nEmmerson PLC (\"Emmerson\" or the \"Company\")\n \nExercise of Share Options and Allotment of Shares to Director/PDMR\n \nEmmerson PLC announces the allotment of a total of 12,250,000 shares in satisfaction of 24,750,000 share options at 3 pence held by current and former employees and consultants of the Company.\n \nOf these, 6,000,000 share options were exercised gross, while 18,750,000 were exercised through a cashless exercise mechanism, as a result of which 6,250,000 shares are to be allotted with no exercise price paid, based on a mid-market close share price of 4.5 pence on 2 June 2023.\n \nThis cashless exercise includes 2,000,000 shares to be allotted to Robert Wrixon, a director of the Company. Following the allotment, Robert Wrixon will hold a beneficial interest in 46,233,411 shares in the Company (4.5% of the issued share capital), and 5,000,000 share options at an average exercise price of 8 pence.\n \nApplication has been made to the London Stock Exchange for the admission of the 12,250,000 new Ordinary Shares to trading on AIM. Admission is expected to take place on or around 8.00 a.m. on Monday 12 June 2023.\n \nFollowing Admission, the Company's issued share capital will consist of 1,026,743,224 Ordinary Shares with voting rights. This figure may be used by shareholders in 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 to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.\n \nThe Company does not hold any Ordinary Shares in treasury.\n \n**ENDS**\n \nFor further information, please visit www.emmersonplc.com, follow us on Twitter (@emmerson_plc), or contact:\n \n\n\n\n\nEmmerson PLC\nGraham Clarke / Jim Wynn / Charles Vaughan\n \n \n\n\n+44 (0) 20 7236 1177\n\n\n\n\nLiberum Capital Limited (Nominated Advisor and Joint Broker)\nScott Mathieson / Kane Collings / Will King\n \n \n\n\n+44 (0)20 3100 2000\n\n\n\n\nShard Capital (Joint Broker)\nDamon Heath / Isabella Pierre\n \n\n\n+44 (0)20 7186 9927\n \n\n\n\n\nBlytheRay (Financial PR and IR)\nTim Blythe / Megan Ray / Said Izagaren\n \n\n\n+44 (0) 207...