Issue of Equity

RNS Number : 5248E

Kore Potash PLC

08 July 2021

 

8 July 2021

Kore Potash Plc

("Kore Potash" or the "Company")

Issue of Equity

Kore Potash plc advises that a total of 2,954,079 ordinary shares of US$0.001 each in the Company ("New Ordinary Shares") have today been issued to certain Non-Executive Directors of the Company in lieu of cash fees for the quarter ended 30 June 2021, as approved at the General Meeting of the Company held on 18 September 2020 ("Remuneration Shares").

Non-Executive Director shares in lieu of cash fees

The number of New Ordinary Shares issued to each Non-Executive Director in lieu of remuneration for the quarter ended 30 June 2021 was calculated as follows:

	Annual fee	Quarterly fee	Percentage of Remuneration	GBP/USD	7 day VWAP	Number of shares
David Hathorn	US$100,000.00	US$25,000.00	55%	1.3805	0.821	1,213,174
David Netherway	US$80,500.00	US$20,125.00	55%	1.3805	0.821	976,605
Jonathan Trollip	US$63,000.00	US$15,750.00	55%	1.3805	0.821	764,300
Total						2,954,079

A total of 2,954,079 New Ordinary Shares have today been issued. Application has been made for the admission of 2,954,079 New Ordinary Shares on AIM, the JSE Limited and the Australian Securities Exchange with admission expected to take place on 13 July 2021.

Following this issue, the Company's issued share capital consists of 3,375,494,446 ordinary shares. No shares are held in treasury. Accordingly, the total number of voting rights in the Company is 3,375,494,446.

The above figure may be used by shareholders 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules. For ASX's purposes, these securities are issued under Listing Rule 10.11 (Remuneration Shares).

This announcement has been approved for release by the board.

ENDS

  For further information, please visit  www.korepotash.com  or contact:

Kore Potash Brad Sampson - CEO		Tel: [phone]
Tavistock Communications Jos Simson Oliver Lamb		Tel: [phone]
Canaccord Genuity -  Nomad and Broker James Asensio Henry Fitzgerald-O'Connor		Tel: [phone]
Shore Capital  - Joint Broker Jerry Keen Toby Gibbs James Thomas		Tel: [phone]
Questco Corporate Advisory - JSE Sponsor Mandy Ramsden		Tel: [phone]

Notification of transaction by Person Discharging Managerial Responsibilities ("PDMR") in relation to issue of Renumeration Shares.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Hathorn
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Kore Potash Plc
b)	LEI	213800NWX7EHG4UVC107
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares of US$0.001 each
	Identification code	GB00BYP2QJ94
b)	Nature of the transaction	Issue of shares
c)	Price(s) and volume(s)	Price: 0.821p Volume:  1,213,174
d)	Aggregated information	Aggregated volume: 1,213,174 Price: £996,015.85
e)	Date of the transaction	8 July2021
f)	Place of the transaction	Outside a trading venue

Notification of transaction by Person Discharging Managerial Responsibilities ("PDMR")

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Netherway
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Kore Potash Plc
b)	LEI	213800NWX7EHG4UVC107
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares of US$0.001 each
	Identification code	GB00BYP2QJ94
b)	Nature of the transaction	Issue of shares
c)	Price(s) and volume(s)	Price: 0.821p Volume:  976,605
d)	Aggregated information	Aggregated volume: 976,605 Price: £801,792.71
e)	Date of the transaction	8 July 2021
f)	Place of the transaction	Outside a trading venue

Notification of transaction by Person Discharging Managerial Responsibilities ("PDMR")

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jonathan Trollip
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Kore Potash Plc
b)	LEI	213800NWX7EHG4UVC107
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares of US$0.001 each
	Identification code	GB00BYP2QJ94
b)	Nature of the transaction	Issue of shares
c)	Price(s) and volume(s)	Price:0.821p Volume:  764,300
d)	Aggregated information	Aggregated volume: 764,300 Price: £627,490.30
e)	Date of the transaction	8 July 2021
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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