Proposed cancellation of the Company’s Ordinary Shares from the Official List, proposed admission to trading on AIM and Notice of General Meeting

Highlights

• Intention to list on AIM to provide Emmerson with access to a market and environment which is more suited, in the Board’s view, to the Company’s current size and strategy
• Proceeding with AIM Admission ahead of pivotal period for the Company with the commencement of mine construction at the Khemisset Potash Project expected by end of 2021
• Follows recent award of Mining Licence granting Emmerson exclusive right to develop and mine the potash deposit and £5.5m raise to fund ongoing project development work

Emmerson Plc (LSE:EML), the Moroccan focused potash development company, announces proposals to cancel the admission of the Company’s Ordinary Shares to listing on the UK Financial Conduct Authority’s (the “FCA”) Official List (standard segment) and to trading on the London Stock Exchange’s main market for listed securities (“Delisting”) and its intention to apply for admission of its Ordinary Shares to trading on the AIM market of the London Stock Exchange (“AIM” and “Move to AIM”). A circular containing detail of the proposed Cancellation and Admission together with a notice convening a general meeting of shareholders (the “Circular”) is expected to be posted to shareholders later today.

The Board believes that AIM is a market and environment which is more suited to the Company’s current size and strategy and will offer greater flexibility with regard to corporate transactions. Listing on AIM should therefore enable the Company to agree and execute certain transactions more efficiently and cost effectively than a company on the Official List.

The proposed Delisting and Move to AIM will take effect simultaneously, utilising the AIM Designated Market Route.

The Listing Rules do not require a company wishing to cancel the admission of its shares to listing on the standard segment of the Official List, to seek shareholder approval at a general meeting. Notwithstanding this, the Directors believe that as a matter of good corporate governance the Shareholders should be consulted and accordingly have resolved that the Delisting should be subject to shareholder approval by way of an ordinary resolution (the “Delisting Resolution”) to be proposed at a General Meeting, notice of which is set out in the Circular. If approved by Shareholders, it is anticipated that the effective date of the Move to AIM will be 26 April 2021, being not less than 20 business days from the passing of the Cancellation and Admission Resolution.

The Circular contains a notice convening a General Meeting of Shareholders to be held at 55 Athol Street, Douglas, Isle of Man, IM1 1LA, on 25 March 2021 at 11 a.m.

The Circular will be made available shortly on the Company’s website at www.emmersonplc.com and will be submitted to the National Storage Mechanism where it will shortly be available to view at www.morningstar.co.uk/uk/nsm