Sirius Minerals Plc, Scarborough, England, announced on Nov. 26 that it has completed the acquisition of a 30 percent equity interest in each of the Cibra Group Companies for 95,000,000 fully paid ordinary shares in Sirius (GM Sept. 21, p. 1). Sirius said this strategic investment is linked to a supply agreement with the Cibra Group Companies for the supply and resale of Poly4 into Brazil and certain other countries in South America. As part of the strategic investment shareholder arrangements, Sirius has elected to appoint Chris Fraser to the board of both Cibra Group Companies, with immediate effect.
Sirius said an application has been made for 95,000,000 ordinary shares in the company to be admitted to the premium listing segment of the Official List of the Financial Conduct Authority (FCA) and to trading on the London Stock Exchange plc’s main market for listed securities. Dealings are expected to commence at 8.00 am Nov. 27, 2018. The relevant shares will rank pari passu in all respects with all existing ordinary shares in the company. The shares are subject to a lock-up period of 12 months.
Sirius said after Nov. 27 it will have 4,797,057,259 ordinary shares in aggregate, each with equal voting rights. No shares are held in treasury.