KORE POTASH PLC - Issue of Equity and Cancellation of Certain Performance Rights and Options

Issue of Equity and Cancellation of Certain Performance Rights and Options

Kore Potash plc
(Incorporated in England and Wales)
Registration number 10933682
ASX share code: KP2
AIM share code: KP2
JSE share code:KP2
ISIN: GB00BYP2QJ94
(“Kore Potash” or the “Company”)

1 June 2021


              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 £0.022 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 9140
Brad Sampson - CEO

Canaccord Genuity - Nomad and Joint Broker                          Tel: +44 (0) 20 7523 4600
Henry Fitzgerald-O'Connor
James Asensio
Angelos Vlatakis


Tavistock Communications                                            Tel: +44 (0) 20 7920 3150
Jos Simson
Edward Lee


Shore Capital - Joint Broker                                        Tel: +44 (0) 20 7408 4050
Jerry Keen
Toby Gibbs
James Thomas


Questco Corporate Advisory - JSE Sponsor                            Tel: +27 (11) 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 instrument, type   Ordinary Shares of US$0.001 each
     of instrument




     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

Date: 01-06-2021 08:00:00
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