Emmerson NPV (EML)

Sector:

Alternative Investment Instruments

Index:

FTSE AIM All-Share

 1.90p
   
  • Change Today:
      0.000p
  • 52 Week High: 2.60
  • 52 Week Low: 0.28
  • Currency: UK Pounds
  • Shares Issued: 1,293.87m
  • Volume: 1,194,515
  • Market Cap: £24.58m
  • Beta: 0.06

Emmerson secures $11m non-recourse litigation funding deal

By Josh White

Date: Thursday 02 Jan 2025

LONDON (ShareCast) - (Sharecast News) - Morocco-focussed potash developer Emmerson announced a litigation funding agreement worth up to $11m on Thursday, and confirmed the appointment of Boies Schiller Flexner (BSF) as its litigation counsel.
The AIM-traded firm said the funding would support its arbitration proceedings under a bilateral investment treaty (BIT) with the Moroccan government and provide general working capital.

It said the funding, secured through a capital provision agreement (CPA) with a litigation finance firm, would be drawn in tranches as needed.

It is non-recourse, meaning the funding party would only receive a return if the arbitration claim is successful, with repayment based on either a multiple of the drawn-down amount or a percentage of the final award.

BSF, known for its expertise in BIT arbitration cases, would begin work on Emmerson's case early this year.

To retain key directors and management personnel vital to the litigation process, Emmerson said it had also implemented a management incentive plan (MIP).

Under the plan, 6% of any damages awarded to the company would be allocated to eligible participants, ensuring their continued engagement throughout the proceedings.

The board noted that the funding was secured within two months of the company's notification of dispute.

"The company has undertaken a tremendous amount of work and effort in a short period of time to secure substantial financing from a reliable funding partner," said managing director Graham Clarke.

"This CPA secures the medium-term future of the Company and we can now move forward with BSF as our legal partners to deliver the best possible outcome for the company and its shareholders.

"BSF tends to only take on winning cases and their confidence in the case reinforces our confidence in the outcome."

At 1630 GMT, shares in Emmerson were up 17.42% at 0.72p.

Reporting by Josh White for Sharecast.com.

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Emmerson NPV Market Data

Currency UK Pounds
Share Price 1.90p
Change Today 0.000p
% Change 0.00 %
52 Week High 2.60
52 Week Low 0.28
Volume 1,194,515
Shares Issued 1,293.87m
Market Cap £24.58m
Beta 0.06

Emmerson NPV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
13.31% below the market average13.31% below the market average13.31% below the market average13.31% below the market average13.31% below the market average
68.89% below the sector average68.89% below the sector average68.89% below the sector average68.89% below the sector average68.89% below the sector average
Price Trend
5.33% above the market average5.33% above the market average5.33% above the market average5.33% above the market average5.33% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income Not Available
Growth Not Available

Emmerson NPV Dividends

No dividends found

Trades for 28-May-2025

Time Volume / Share Price
14:32 1,045 @ 1.86p
14:00 40,000 @ 2.00p
14:00 40,000 @ 2.00p
13:18 285,000 @ 1.87p
11:40 200,000 @ 1.87p

Emmerson NPV Key Personnel

Finance Director Robert Wrixon
CEO Graham Clarke

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