Kore Potash PLC Correction - Issue of Equity, Rights and Options (4075A)
June 01 2021 - 4:22AM
UK Regulatory
TIDMKP2
RNS Number : 4075A
Kore Potash PLC
01 June 2021
1 June 2021
This is a correction to the announcement ' Issue of Equity and
Cancellation of Certain Performance Rights and Options' made on 1
June 2021. It corrects the Company's issued share capital total and
total number of voting rights. All other content remains as
previously published.
Kore Potash Plc
("Kore Potash" or the "Company")
Correction - Issue of Equity and Cancellation of Certain
Performance Rights and Options
Kore Potash plc advises that a total of 716,667 ordinary shares
of US$0.001 each in the Company ("New 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
516,667 ordinary shares have been issued to Gavin Chamberlain,
Chief Operating Officer.
Application has been made for the admission of 716,667 New
Ordinary Shares on AIM, the Johannesburg Stock Exchange and the
Australian Securities Exchange with admission expected to take
place on 4 June 2021.
Following this issue, the Company's issued share capital
consists of 3,372,540,367 ordinary shares. No shares are held in
treasury. Accordingly, the total number of voting rights in the
Company is 3,372,540,367.
The above figure may be used by shareholders as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest
in, 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.
Cancellation of certain Performance Rights and Options
Following the determination by the Company that the applicable
vesting conditions within each category would not be achieved, a
total of 4,199,999 Performance Rights and Unlisted Options
previously issued have been cancelled as follows:
Number of
Securities
Performance Rights expiring 17 March 2025 (Directors)
(KP2AC) 199,999
------------
Unlisted Options exercisable at GBP0.022 each, expiring
on 1 January 2024 (KP2AB) 4,000,000
------------
Total 4,199,999
------------
This announcement has been approved for release by the
Board.
For further information, please visit www.korepotash.com or contact:
Kore Potash Tel: +27 11 469
Brad Sampson - CEO 9140
Canaccord Genuity - Nomad and Tel:+44 (0) 20
Joint Broker 7523 4600
Henry Fitzgerald-O'Connor
James Asensio
Angelos Vlatakis
Tavistock Communications Tel: +44 (0) 20
Jos Simson 7920 3150
Edward Lee
Shore Capital - Joint Broker Tel: +44 (0) 20
Jerry Keen 7408 4050
Toby Gibbs
James Thomas
Questco Corporate Advisory - Tel: +27 (11)
JSE Sponsor 011 9208
Mandy Ramsden
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 Ordinary Shares of US$0.001
instrument, type of instrument each
Identification code GB00BYP2QJ94
b) Nature of the transaction Conversion of Performance Rights
c) Price(s) and volume(s) Price: US$0.001
Volume: 516,667
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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END
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