Kore Potash PLC Confirming participation in Proposed Fundraise (2774Y)
September 08 2020 - 2:15AM
UK Regulatory
TIDMKP2
RNS Number : 2774Y
Kore Potash PLC
08 September 2020
8 September 2020
Kore Potash Plc
("Kore Potash" or the "Company")
Confirmation of participation in Proposed Fundraise
Kore Potash, the potash exploration and development company, is
pleased to report that as a result of its close period ending, the
Company's significant shareholders, Sociedad Quimica y Minera de
Chile S.A. ("SQM"), Princess Aurora Company Pte Ltd ("OIA") and
Chairman, David Hathorn, have confirmed their participation in the
proposed fundraise announced on 26 August 2020 (the "Proposed
Fundraise"). Their participation in the Proposed Fundraise is set
out below and is subject to the passing of the shareholder
resolutions at the General Meeting of the Company to be held on 18
September 2020:
Number of existing Number of New Ordinary
Shareholder Ordinary Shares Shares
OIA 304,223,209 265,435,349
------------------- -----------------------
SQM(1) 296,896,737 260,598,591
------------------- -----------------------
David Hathorn 54,457,146 58,719,906
------------------- -----------------------
Note: 1) SQM's total number of ordinary shares upon completion
of the Proposed Fundraise includes the Deferred Technical Services
Agreement Shares. The full allotment of the Deferred Technical
Services Agreement Shares is conditional on the completion of works
pursuant to the Technical Services Agreement.
In addition, the Company has entered into the Technical Services
Agreement with SQM for SQM to provide certain services to the
Company (as described in the announcement on 25 August 2020).
For further information, please visit www.korepotash.com or
contact:
Kore Potash Tel: +27 11 469 9140
Brad Sampson - CEO
Tavistock Communications Tel: +44 (0) 20 7920
Jos Simson 3150
Edward Lee
Canaccord Genuity - Nomad and Tel: +44 (0) 20 7523
Broker 4600
James Asensio
Henry Fitzgerald-O'Connor
Shore Capital - Joint Broker Tel: +44 (0) 20 7408
Jerry Keen 4050
Toby Gibbs
James Thomas
**END**
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCUBRWRRSUKRAR
(END) Dow Jones Newswires
September 08, 2020 02:15 ET (06:15 GMT)
Kore Potash (LSE:KP2)
Historical Stock Chart
From Apr 2024 to May 2024
Kore Potash (LSE:KP2)
Historical Stock Chart
From May 2023 to May 2024