Kore Potash PLC Management changes (3127W)
December 11 2023 - 2:00AM
UK Regulatory
TIDMKP2
RNS Number : 3127W
Kore Potash PLC
11 December 2023
11 December 2023
Kore Potash Plc
("Kore Potash" or the "Company")
Management changes
Kore Potash, the potash development company with 97% ownership
of the Kola and DX Potash Projects in the Sintoukola Basin, located
in the Republic of Congo, announces that the acting Chief Financial
Officer ("CFO") Amanda Farris has resigned, and that Andrey Maruta
has been appointed as CFO (non-board) with effect from 11 December
2023.
Andrey is a Chartered Certified Accountant, with over 25 years'
experience in the mining industry including as CFO at Petropavlovsk
Plc, which had a premium listing on the LSE. Andrey has also worked
in the audit function at accountancy firm Moore Stephens
International in the UK and internationally. Mr Maruta will report
directly to the CEO and is not joining the Company's board at this
stage.
Andrey was previously CFO of Kore Potash from August 2019 until
June of 2021 when he left for another role within the mining
industry. The board is delighted to have Andrey back.
Ms Farris will remain available for a brief period to facilitate
a smooth hand over. The board would like to express their gratitude
to Ms Farris for her invaluable contribution to Kore Potash.
Mr Maruta currently holds 133,334 ordinary shares of US$0.001
each in the Company.
Market Abuse Regulation
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 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 of
Kore Potash.
ENDS
For further information, please visit www.korepotash.com or
contact:
Kore Potash Tel: +27 84 603 6238
David Hathorn - Chairman & Interim CEO
Tavistock Communications Tel: +44 (0) 20 7920
Nick Elwes Adam Baynes 3150
SP Angel Corporate Finance- Nomad and Tel: +44 (0) 20 7470
Joint Broker Ewan Leggat 0470
Charlie Bouverat
Shore Capital- Joint Broker Toby Gibbs Tel: +44 (0) 20 7408
James Thomas 4050
Questco Corporate Advisory- JSE Sponsor Tel: +27 (11) 011 9205
Doné Hattingh
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END
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