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Issue of Equity and Performance Rights
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 and Performance Rights
Kore Potash plc advises that a total of 7,770,939 ordinary shares of US$0.001 each in the Company
("New Ordinary Shares") have today been issued to certain Non-Executive Directors of the Company
in lieu of cash fees for the quarter ended 31 March 2020. This is in line with the cost reduction strategy
announced on 27 June 2019 and approved at the 2019 General Meeting of the Company held on 17
July 2019.
Separately, the Company also confirms the issue of shares of 1,250,000 ordinary shares due under the
Company performance rights plans as previously disclosed on 15 April 2019.
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 March 2020 was calculated as follows:
Percentage of 7 day Number
Annual fee Quarterly fee Remuneration GBP/USD VWAP of shares
David
Hathorn US$156,000.00 US$39,000.00 100% 1.2368 0.6078 5,188,053
David
Netherway US$80,500.00 US$20,125.00 55% 1.2368 0.6078 1,472,443
Jonathan
Trollip US$63,000.00 US$15,750.00 53% 1.2368 0.6078 1,110,443
Total 7,770,939
Performance rights
The Company also confirms that, further to the unconditional vesting of the Performance Rights
issued to certain Non-Executive Directors on 29 March 2020, being the second anniversary of
admission to trading on AIM and as announced on 15 April 2019, it has today issued the requisite
1,250,500 ordinary shares to satisfy the Performance Rights.
As set out in the announcement of 15 April 2019, the following is the breakdown of the ordinary
shares issued under the Performance Rights:
Number of Shares Amount to be paid
David Hathorn 500,000 US$500.00
David Netherway 250,000 US$250.00
Jonathan Trollip 250,000 US$250.00
Timothy Keating 250,000 US$250.00
Total 1,250,000 US$1,250.00
Accordingly, a total of 9,020,939 ordinary shares of US$0.001 each (being 7,770,939 ordinary
shares in respect of Directors Remuneration Shares and 1,250,000 ordinary shares in respect of
Performance Rights as detailed above) have today been issued. Application has been made for the
admission of 9,020,939 ordinary shares of US$0.001 each on AIM, the Johannesburg Stock
Exchange and the Australian Securities Exchange with admission expected to take place on Tuesday
14 April 2020.
Following this issue, the Company's issued share capital consists of 1,550,273,503 ordinary shares.
No shares are held in treasury. Accordingly, the total number of voting rights in the Company is
1,550,273,503.
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.
ENDS
7 April 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
James Thomas
Notification of transaction by Person Discharging Managerial Responsibilities ("PDMR") in
relation to issue of Renumeration Shares. For the avoidance of doubt the ordinary shares
being issued under the Performance Rights was reported on 15 April 2019
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 instrument, Ordinary Shares of US$0.001 each
type of instrument
Identification code GB00BYP2QJ94
b) Nature of the transactionon Issue of shares
c) Price(s) and volume(s) Price: 0.6078p
Volume: 5,188,053
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 7 April 2020
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
b) Nature of the transaction Issue of shares
c) Price(s) and volume(s) Price: 0.6078p
Volume: 1,472,443
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 7 April 2020
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 shares
c) Price(s) and volume(s) Price: 0.6078p
Volume: 1,110,443
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 7 April 2020
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 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 instrument, Ordinary Shares of US$0.001 each
type of instrument
Identification code B00BYP2QJ94
b) Nature of the transaction Conversion of Performance Rights
c) Price(s) and volume(s) Price: US$0.001
Volume: 500,000
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 7 April 2020
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
b) Nature of the transaction Conversion of Performance Rights
c) Price(s) and volume(s) Price: US$0.001
Volume: 250,000
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 7 April 2020
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, type of Ordinary Shares of US$0.001 each
instrument
Identification code GB00BYP2QJ94
b) Nature of the transaction Conversion of Performance Rights
c) Price(s) and volume(s) Price: US$0.001
Volume: 250,000
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 7 April 2020
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 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 instrument, Ordinary Shares of US$0.001 each
type 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: 250,000
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 7 April 2020
f) Place of the transaction Outside a trading venue
Date: 07-04-2020 08:00:00
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