Issue of Equity

RNS Number : 3627K

Kore Potash PLC

05 May 2022

 

5 May 2022

Kore Potash Plc

("Kore Potash" or the "Company")

Issue of Equity

Kore Potash plc advises that a total of 550,000 new ordinary shares of US$0.001 each in the Company ("Ordinary Shares") have today been issued to certain employees and ex-employees  following the vesting of Performance Rights awarded under the Company's Employee Performance Incentive Plans ("Performance Shares"), of which 283,333 new Ordinary Shares have been issued to Gavin Chamberlain, Chief Operating Officer.

Application has been made for the admission of 550,000 New Ordinary Shares on AIM, the Johannesburg Stock Exchange and the Australian Securities Exchange with admission expected to take place on 10 May 2022.

Following the issue of Performance Shares, the Company's total issued share capital will consist of 3,376,044,446 Ordinary Shares.  No shares are held in treasury. Accordingly, the total number of voting rights in the Company will be 3,376,044,446 .

The above 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 in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For ASX's purposes, these securities are issued under exception 9 of ASX Listing Rule 7.2.

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018.  Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

This announcement has been approved for release by the Board.

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]
SP Angel Corporate Finance - Nomad and Broker Ewan Leggat Charlie Bouverat	Tel: + 44 (0) 20 7470 0470
Shore Capital - Joint Broker Toby Gibbs James Thomas	Tel: [phone]
Questco Corporate Advisory - JSE Sponsor Doné Hattingh	Tel: [phone]

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

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Gavin Chamberlain
2	Reason for the notification
a)	Position/status	COO
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	Conversion of Performance Rights
c)	Price(s) and volume(s)	Price: US$0.001 Volume: 283,333
d)	Aggregated information	Aggregated volume: N/A Price: N/A
e)	Date of the transaction	10 May 2022
f)	Place of the transaction	Outside a trading venue

 

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