Issue of New Options and Appendix 3G

RNS Number : 9717C

Kore Potash PLC

24 June 2021

 

24 June 2021

Kore Potash plc

("Kore Potash" or the "Company")

Issue of New Options and Appendix 3G

Kore Potash plc, the potash development company with 97%-ownership of the Kola and Dougou Extension ("DX") Potash Projects in the Sintoukola Basin, Republic of Congo ("RoC"), advises of the granting of 12,000,000 Options to Mr Jean-Michel Bour, pursuant to the Board approved Long Term Incentive arrangements.  The options are issued with an exercise price of 2.2 pence each and an expiry date of 1 June 2026.  The options will vest in equal thirds over a 3 year period, commencing at the completion of 12 months of service from Mr Jean-Michel Bour's commencement date of 1 June 2021.

The Option issue details are contained in the Appendix 3G which follows.

This announcement was approved by the Brad Sampson, CEO of Kore Potash PLC.

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

Kore Potash Brad Sampson - CEO		Tel: [phone]
Tavistock Communications Jos Simson Edward Lee		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")

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jean-Michel Bour
2	Reason for the notification
a)	Position/status	CFO
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	Grant of options
c)	Price(s) and volume(s)	Price: 2.2p Volume: 12,000,000
d)	Aggregated information	Aggregated volume: N/A Price: N/A
e)	Date of the transaction	1 June 2021
f)	Place of the transaction	Outside a trading venue

 

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