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Results of General Meeting (”GM”) and Issue of Shares
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”)
Results of General Meeting (”GM”) and Issue of Shares
Kore Potash plc, the potash development company whose flagship asset is the 97%-owned Sintoukola
Potash Project, is pleased to announce that the resolutions put to its GM held earlier today, were duly
passed. The resolutions were all duly passed on a poll by the requisite majority.
The GM was held, inter alia, to approve the issue of 946,106,375 new ordinary shares (“Ordinary
Shares”) in the Company at £0.0065 per share in line with the Company’s announcements of 28 August
and 2 September 2020. Application has been made for 882,688,876 Placing and Subscription Shares
to be admitted to trading on AIM and the JSE Securities Exchange on 21 September 2020. The
Company also intends to issue, within the next 8 months, pursuant to the Technical Services
Agreement (which has become unconditional) 63,417,499 new Ordinary Shares at £0.0065 per share
to Sociedad Quimica y Minera de Chile S.A. ("SQM") in lieu of the fees payable under the Technical
Services Agreement (the "Deferred Technical Services Shares").
Following the issue of the Placing and Subscription Shares, the Company’s issues share capital will
consist of 2,439,220,712 ordinary shares of US$0.001. Accordingly, the total number of voting rights
in the Company is 2,439,220,712. 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.
The following statistics, as detailed in the attached Annexure A, are provided in respect of each motion
on the Agenda of Kore Potash plc’s GM.
Those defined terms not defined within this announcement will have the same meaning as that set in
the announcement of 28 August 2020.
ENDS
18 September 2020
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
Mark Percy
Renaissance Capital – JSE Sponsor Tel: +27 (11) 750 1448
Yvette Labuschagne
ANNEXURE A:
In respect to each resolution the total number of votes exercisable by all validly appointed proxies was as follows:
TOTAL VOTES DISCRETION - DISCRETION - VOTES
RESOLUTION FOR AGAINST
VALIDLY CAST CHAIRMAN OTHER WITHHELD
Resolution 1 – AUTHORITY TO ALLOT SHARES IN CONNECTION WITH
915,922,904 913,713,864 2,032,840 0 176,200 185,000
THE FUNDRAISE
Resolution 2 – APPROVAL OF SECURITIES ISSUE TO NON-AFFILIATED
915,922,904 913,712,864 2,032,840 0 177,200 185,000
INVESTORS IN CONNECTION WITH THE FUNDRAISE
Resolution 3 – APPROVAL OF SECURITIES ISSUE TO DIRECTOR
861,465,758 859,255,008 2,032,840 0 177,910 54,642,146
UNDER THE PLACING
Resolution 4 – APPROVAL OF SECURITIES ISSUE TO SQM UNDER THE
915,421,704 913,212,154 2,032,840 0 176,710 686,200
PLACING
Resolution 5 – APPROVAL OF SECURITIES ISSUE TO SGRF UNDER THE
611,698,495 609,488,945 2,032,840 0 176,710 304,409,409
PLACING
Resolution 6 – APPROVAL TO ISSUE SHARES TO MR DAVID
861,439,558 848,098,070 2,032,840 0 11,308,648 54,668,346
HATHORN IN LIEU OF CASH PAYMENTS FOR DIRECTOR FEES
Resolution 7 - APPROVAL TO ISSUE SHARES TO MR JONATHAN
915,896,704 902,552,716 2,032,840 0 11,311,148 211,200
TROLLIP IN LIEU OF CASH PAYMENTS FOR DIRECTOR FEES
Resolution 8 – APPROVAL TO ISSUE SHARES TO MR TIMOTHY
611,173,495 597,832,007 2,032,840 0 11,308,648 304,934,409
KEATING IN LIEU OF CASH PAYMENTS FOR DIRECTOR FEES
Resolution 9 – APPROVAL TO ISSUE SHARES TO MR DAVID
915,895,704 902,555,216 2,032,840 0 11,307,648 211,200
NETHERWAY IN LIEU OF CASH PAYMENTS FOR DIRECTOR FEES
Resolution 10 – APPROVAL TO ISSUE SHARES TO MR JOSÉ ANTONIO
915,896,704 902,555,216 2,032,840 0 11,308,648 211,200
MERINO IN LIEU OF CASH PAYMENTS FOR DIRECTOR FEES
Resolution 11 – APPROVAL TO ISSUE SHARES TO SQM IN LIEU OF
915,894,204 913,697,987 2,032,840 0 163,377 213,700
FEES PAYABLE UNDER A TECHNICAL SERVICES AGREEMENT
Resolution 12 – DISAPPLICATION OF PRE-EMPTION RIGHTS IN
915,907,870 913,688,320 2,032,840 0 186,710 200,034
CONNECTION WITH THE FUNDRAISE
Date: 18-09-2020 12:00:00
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