Wrap Text
Director / PDMR Shareholding
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”)
DIRECTOR/PDMR SHAREHOLDING
Kore Potash announces that following shareholder approval at the AGM held on 27 June 2018, the
Company has cancelled existing non-executive director performance rights (“Existing NED
Performance Rights”) and granted new non-executive director performance rights (“New NED
Performance Rights”) to David Hathorn, Jonathan Trollip, Leonard Math, David Netherway and
Timothy Keating per the table below.
The New NED performance rights are a one-off award and will unconditionally vest in three equal
tranches on the first, second and third anniversary of the Company’s admission to AIM. The New NED
Performance Rights will expire on 22 May 2022. The New NED Performance Rights will be issued under
the Company’s current Performance Rights Plan (refer to the AGM Notice of Meeting dated 1 June
2018)
Number of Existing NED Number of New NED
Director Performance Rights to be Performance Rights to be
cancelled granted
David Hathorn 11,000,000 1,500,000
Jonathan Trollip 2,000,000 750,000
Leonard Math 1,000,000 750,000
David Netherway Nil 750,000
Timothy Keating Nil 750,000
In addition, shareholders approved the grant of 4,000,000 options to David Hathorn and 17,200,000
options to Brad Sampson at the AGM on 27 June 2018. The Options will have an exercise price of
£0.11 per Option and each Option will entitle the holder, on exercise, to one Share.
The Options issued to Mr Sampson will expire on the tenth anniversary of the date of grant. The
Options issued to Mr Hathorn will expire on the second anniversary of the date of grant (unless
extended at the discretion of the Board by no more than 12 months). The vesting conditions for the
Options will include milestones being achieved in relation to the Kola Project.
Shares issued on exercise of any Options will rank pari passu with the other Shares. An Option may
only be exercised after that Option has vested, after any conditions associated with the exercise of
the Option are satisfied and before its expiry date. The Options will be issued under the Company’s
current Directors 2018 Share Option Plan (refer to the AGM Notice of Meeting dated 1 June 2018).
Notification of transaction by Person Discharging Managerial Responsibilities (“PDMR”)
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
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 share of US$0.001 each
instrument, type of instrument
Identification code GB00BYP2QJ94
b) Nature of the transaction Grant of Performance Rights
c) Price(s) and volume(s) Price: US$0.001
Volume: 1,500,000
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 27 June 2018
f) Place of the transaction Outside a trading venue
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 Ordinary share of US$0.001 each
instrument, type of instrument
Identification code GB00BYP2QJ94
b) Nature of the transaction Grant of Performance Rights
c) Price(s) and volume(s) Price: US$0.001
Volume: 750,000
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 27 June 2018
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Leonard Math
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 Ordinary share of US$0.001 each
instrument, type of instrument
Identification code GB00BYP2QJ94
b) Nature of the transaction Grant of Performance Rights
c) Price(s) and volume(s) Price: US$0.001
Volume: 750,000
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 27 June 2018
f) Place of the transaction Outside a trading venue
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 Ordinary share of US$0.001 each
instrument, type of instrument
Identification code GB00BYP2QJ94
b) Nature of the transaction Grant of Performance Rights
c) Price(s) and volume(s) Price: US$0.001
Volume: 750,000
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 27 June 2018
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Timothy Keating
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 Ordinary share of US$0.001 each
instrument, type of instrument
Identification code GB00BYP2QJ94
b) Nature of the transaction Grant of Performance Rights
c) Price(s) and volume(s) Price: US$0.001
Volume: 750,000
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 27 June 2018
f) Place of the transaction Outside a trading venue
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
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 share of US$0.001 each
instrument, type of instrument
Identification code GB00BYP2QJ94
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s) Exercise Price: £0.11
Volume: 4,000,000
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 27 June 2018
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Brad Sampson
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 Ordinary share of US$0.001 each
instrument, type of instrument
Identification code GB00BYP2QJ94
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s) Exercise Price: £0.11
Volume: 17,200,000
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 27 June 2018
f) Place of the transaction Outside a trading venue
ENDS
7 August 2018
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
Martin Davison
James Asensio
Renaissance Capital – JSE Sponsor Tel: +27 (11) 750 1448
Yvette Labuschagne
Date: 07/08/2018 10:31:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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