To view the PDF file, sign up for a MySharenet subscription.

KORE POTASH PLC - Issue of CDIs under Cleansing Prospectus

Release Date: 29/07/2025 08:00
Code(s): KP2     PDF:  
Wrap Text
Issue of CDI’s under Cleansing Prospectus

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
CDI ISIN: AU000000KP25
("Kore Potash" or the "Company")

29 July 2025
                                  Issue of CDI's under Cleansing Prospectus

 Kore Potash (AIM: KP2, ASX: KP2, JSE: KP2, A2X: KP2), the potash development company with 97%
 ownership of the Kola Potash Project ("Kola" or the "Kola Project") and Dougou Extension ("DX")
 Potash Project in the Sintoukola Basin, located in the Republic of Congo ("RoC"), refers to the offer to
 certain investors to apply for up to 500 CDIs in the capital of the Company at an issue price of
 AUD0.0543 per CDI as announced in its Cleansing Prospectus dated 22 November 2024 ("Offer")(as
 extended to 31 August 2025 ("Closing Date") via announcements dated 30 January 2025, 25 March
 2025 and 29 May 2025).

 Kore Potash advises that the Directors have resolved to issue 500 CDIs (each CDI being an equivalent
 to one ordinary share in the capital of the Company) and to close the Offer following Admission, as
 set out below, unless otherwise advised to the market.

 As set out in the Cleansing Prospectus, the primary purpose of the Cleansing Prospectus is to remove
 any trading restrictions on the sale of any securities issued by the Company without disclosure under
 Chapter 6D of the Corporations Act 2001 (Cth) prior to the Closing Date.

 Admission and Total Voting Rights

 Application will be made to the London Stock Exchange for the 500 New Ordinary Shares which are
 being issued pursuant to the Offer to be admitted to trading on AIM and application has also been made
 for such shares to be admitted to trading on JSE Limited and ASX ("Admission"). It is expected that
 Admission to the AIM market of the London Stock Exchange and the JSE Limited will take place at 08:00
 on 1 August 2025.

 Application

 Following Admission and the issue of the 500 New Ordinary Shares, the Company's issued share capital
 will consists of 4,856,249,499 Ordinary Shares. Accordingly, following Admission the total number of
 voting rights in the Company will be 4,856,249,499. This 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 in their interest in, the Company under the Financial Conduct Authority's Disclosure
 Guidance and Transparency Rules.

 Authorisation and Additional Information
 This announcement was authorised by the Board of Kore Potash plc.

                                                  ENDS

                For further information, please visit www.korepotash.com or contact:

Kore Potash                                         Tel: +44 (0) 20 3963 1776
André Baya, CEO
Andrey Maruta, CFO

Tavistock Communications                            Tel: +44 (0) 20 7920 3150
Emily Moss
Nick Elwes
Josephine Clerkin

SP Angel Corporate Finance – Nomad and Broker       Tel: +44 (0) 20 7470 0470
Ewan Leggat
Charlie Bouverat

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

Questco Corporate Advisory – JSE Sponsor            Tel: +27 63 482 3802
Doné Hattingh

Date: 29-07-2025 08:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.