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Issues of Equity
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”)
Issue of Equity
Kore Potash advises that a total of 2,909,389 ordinary shares of US$0.001 each in the Company have
today been issued to certain Non-Executive Directors of the Company in lieu of cash fees for the
quarter ended 31 December 2020, as approved at the General Meeting of the Company held on 18
September 2020 (“Remuneration Shares”).
In addition, the Company has also issued 3,071,251 ordinary shares to certain employees and ex-
employees, following the vesting of Performance Rights awarded under the Company’s Employee
Performance Incentive Plans (“Performance Shares”) (together with the Remuneration Shares the
“New Ordinary Shares”).
Non-Executive Director shares in lieu of cash fees
The number of New Ordinary Shares issued to each Non-Executive Director in lieu of remuneration
for the quarter ended 31 December 2020 was calculated as follows:
Annual fee Quarterly Percentage of GBP/USD 7 day Number of
fee Remuneration VWAP shares
David Hathorn US$100,000 US$25,000 55% 1.37 0.84 1,194,821
David Netherway US$80,500 US$20,125 55% 1.37 0.84 961,831
Jonathan Trollip US$63,000 US$15,750 55% 1.37 0.84 752,737
Total 2,909,389
Total voting rights
A total of 5,980,640 New Ordinary Shares have today been issued. Application has been made for the
admission of 5,980,640 New Ordinary Shares on AIM, the Johannesburg Stock Exchange and the
Australian Securities Exchange with admission expected to take place on 20 January 2021.
Following this issue, the Company's issued share capital consists of 2,451,768,173 ordinary shares. No
shares are held in treasury. Accordingly, the total number of voting rights in the Company is
2,451,768,173.
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 Listing Rule 10.11 (Remuneration Shares) and
exception 9 of ASX Listing Rule 7.2 (Performance Shares) respectively.
Cancellation of certain Performance Rights, Performance Shares and Options
Following the determination by the Company that the applicable vesting conditions within each
category would not be achieved, a total of 9,297,751 Performance Rights, Performance Shares and
Unlisted Options previously issued have been cancelled as follows:
1
Performance Rights expiring 6 December 2020 (Employees) 1,253,750
Performance Shares under Short Term Incentive Scheme Plan 1,015,001
Performance Shares under Long Term Incentive Plan 499,000
Performance Shares vesting on 31 May 2019 530,000
Unlisted Options exercisable at £0.022 each, expiring on 1 January 2024 6,000,000
This announcement has been approved for release by the Board.
ENDS
15 January 2021
JSE Sponsor: Rencap Securities (Pty) Limited
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 3150
Jos Simson
Edward Lee
Canaccord Genuity - Nomad and Broker Tel: +44 (0) 20 7523 4600
James Asensio
Henry Fitzgerald-O'Connor
Shore Capital - Joint Broker Tel: +44 (0) 20 7408 4050
Jerry Keen
Toby Gibbs
James Thomas
Renaissance Capital – JSE Sponsor Tel: +27 (11) 750 1448
Yvette Labuschagne
Notification of transaction by Person Discharging Managerial Responsibilities ("PDMR") in relation
to issue of the Renumeration Shares.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name David Hathorn
2 Reason for the notification
a) Position/status PDMR
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
2
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, Ordinary Shares of US$0.001 each
type of instrument
Identification code GB00BYP2QJ94
b) Nature of the transaction Issue of new shares
c) Price(s) and volume(s) Price: 0.84p
Volume: 1,194,821
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 15 January 2021
f) Place of the transaction Outside a trading venue
Notification of transaction by Person Discharging Managerial Responsibilities ("PDMR")
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name David Netherway
2 Reason for the notification
a) Position/status PDMR
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, Ordinary Shares of US$0.001 each
type of instrument
Identification code GB00BYP2QJ94
3
b) Nature of the transaction Issue of new shares
c) Price(s) and volume(s) Price: 0.84p
Volume: 961,831
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 15 January 2021
f) Place of the transaction Outside a trading venue
Notification of transaction by Person Discharging Managerial Responsibilities ("PDMR")
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Jonathan Trollip
2 Reason for the notification
a) Position/status PDMR
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, Ordinary Shares of US$0.001 each
type of instrument
Identification code GB00BYP2QJ94
b) Nature of the transaction Issue of new shares
c) Price(s) and volume(s) Price: 0.84p
Volume: 752,737
d) Aggregated information Aggregated volume: N/A
Price: N/A
4
e) Date of the transaction 15 January 2021
f) Place of the transaction Outside a trading venue
5
Date: 15-01-2021 09:01:00
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