Kore Potash PLC ASX waiver in relation to quotation of CDIs (3898K)
April 10 2018 - 3:00AM
UK Regulatory
TIDMKP2
RNS Number : 3898K
Kore Potash PLC
10 April 2018
10 April 2018
Kore Potash Plc
("Kore Potash" or the "Company")
ASX waiver in relation to quotation of CDIs and lodgement of
Appendix 3Bs
Kore Potash is pleased to announce a decision by ASX in response
to the Company's application for a waiver of ASX Listing Rule 2.4
and ASX Listing Rule 2.8.
These waivers relate to the ASX quotation of CDIs on issue, as
distinct from the total number of ordinary shares on issue, and the
lodgement of Appendix 3Bs relating to the net change in the number
of CDIs issued in the Australian market.
The decision by ASX reads as follows:
"1. Based solely on the information provided, and in connection
with the listing of Kore Potash PLC (the "Company") on the
Alternative Investment Market of the London Stock Exchange, ASX
Limited ("ASX") grants the Company:
1.1. A waiver from listing rule 2.4 to the extent necessary to
permit the Company to only apply for quotation of those CHESS
Depositary Interests ("CDIs") issued over its fully paid ordinary
shares into the Australian market.
1.2. A waiver from listing rule 2.8 to the extent necessary to
allow the Company not to apply for quotation of CDIs which are
issued as a result of holders of ordinary shares in the Company
converting their shares to CDIs within 10 business days of issue of
those CDIs.
2. The waivers in Resolution 1 are granted subject to the following conditions.
2.1. The Company applies for quotation of CDIs issued into the
Australian market on a monthly basis, and the Company provides to
the market a monthly update of the net changes in the number of
CDIs that are quoted on ASX.
2.2. The Company immediately releases full details of these waivers to the market."
The grant of these waivers will reduce the administrative burden
on the Company while ensuring that the market is updated regularly
about the number of CDIs in existence.
ENDS
For further information, please visit www.korepotash.com or
contact:
Kore Potash Tel: +27 11 469
Sean Bennett - CEO 9140
Tavistock Communications Tel: +44 (0) 20
Jos Simson 7920 3150
Edward Lee
Canaccord Genuity - Nomad Tel: +44 (0) 20
and Broker 7523 4600
Martin Davison
James Asensio
Fivemark Partners Tel: +61 422 602
Michael Vaughan 720
This information is provided by RNS
The company news service from the London Stock Exchange
END
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