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Results of General Meeting Conversion of Convertible Loan Notes 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”)
21 September 2023
Results of General Meeting
Conversion of Convertible Loan Notes and Issue of Shares
Kore Potash plc, the potash development company with 97% ownership of the Kola and DX Potash
Projects in the Sintoukola Basin, located in the Republic of Congo, is pleased to announce that the
resolutions put to its General Meeting (“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 31,096,000 new ordinary shares of US$0.001 each
in the Company (“Ordinary Shares”) at 0.5p per Ordinary Share in line with the Company’s fundraising
announcement of 8 August 2023 (“Fundraise”). Application will be made for the Ordinary Shares to
be admitted to trading which is expected to commence on or around 26 September 2023.
David Hathorn, the Chairman of Kore Potash, participated in the Fundraise via two separate trusts, for
a total of 31,096,000 New Ordinary Shares for a total value of US$0.2 million. These shares will, be
issued under ASX listing rule 10.11.1, having received the relevant shareholder approvals at today’s
GM.
The following statistics, as detailed in the attached Annexure A, are provided in respect of each
resolution 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 21 August 2023.
Total voting rights
Following the issue of the 31,096,000 new Ordinary Shares, the Company's total issued share capital
will consist of 3,577,417,120 Ordinary Shares. No shares are held in treasury. Accordingly, the total
number of voting rights in the Company will be 3,577,417,120.
The above figure may be used by shareholders in the Company 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 share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.
Market Abuse Regulation
Market Abuse Regulation (MAR) Disclosure The information contained within this announcement is
deemed by the Company to constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014 which has been incorporated into UK law by the European Union
(Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service
('RIS'), this inside information is now considered to be in the public domain.
The Company will also lodge an Appendix 3G - Notification of issue, conversion or payment up of equity
+securities and Appendix 3Y - Change of Director's Interest Notice, with the ASX notifying of the issues.
This announcement has been approved for release by the Board. For further information, please visit
www.korepotash.com or contact:
Kore Potash Tel: +27 84 603 6238
Brad Sampson – CEO
Tavistock Communications Tel: +44 (0) 20 7920 3150
Nick Elwes
Adam Baynes
SP Angel Corporate Finance - Nomad and Joint 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 (11) 011 9205
Doné Hattingh
ANNEXURE A:
In respect of each resolution the total number of votes exercisable by all validly appointed proxies was as follows:
TOTAL VOTES VOTES
RESOLUTION FOR DISCRETION AGAINST
VALIDLY WITHHELD
Resolution 1 – Authority to allot shares in
1,173,580,416 1,172,605,305 0 975,111 1,917,716
connection with the Fundraise
Resolution 2 - Approval of securities issue to
a Director under the Fundraising – David
1,173,519,616 1,172,474,305 0 1,045,311 1,978,516
Hathorn as beneficiary of the Belle Terre and
Stapleford Trusts
Resolution 3 – Approval of securities issue to
635,306,613 634,329,802 0 976,811 1,981,016
SQM
Resolution 4 – Approval of securities issue to
1,173,517,116 1,172,540,305 0 976,811 1,981,016
OIA
Resolution 5 – Ratification of issue of
687,945,192 686,967,581 0 977,611 1,980,216
Subscription Shares
Resolution 6 – General approval to allot
1,173,517,916 1,172,474,305 0 1,043,611 1,980,216
shares
Resolution 7 – Disapplication of pre-emption
1,172,826,416 1,172,069,499 0 756,917 2,671,716
rights in connection with the Fundraise
Resolution 8 – Disapplication of pre-emption
1,172,826,416 1,172,069,499 0 756,917 2,671,716
rights for general authority
Notification of transaction by Person Discharging Managerial Responsibilities ("PDMR")
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Belle Terre Trust
2 Reason for the notification
a) Position/status A Trust closely associated with David Hathorn, Chairman
and PDMR
b) Initial notification/Amendment
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 Shares of US$0.001 each
instrument, type of instrument
Identification code GB00BYP2QJ94
b) Nature of the transaction Issue of 15,548,000 ordinary shares of US$0.001 each.
c) Price(s) and volume(s) Price: 0.5 pence
Volume: 15,548,000
d) Aggregated information Price: 0.5 pence
Aggregated volume:15,548,000
e) Date of the transaction 21 September 2023
f) Place of the transaction London Stock Exchange
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Stapleford Trust
2 Reason for the notification
a) Position/status A Trust closely associated with David Hathorn, Chairman
and 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 Shares of US$0.001 each
instrument, type of instrument
Identification code GB00BYP2QJ94
b) Nature of the transaction Issue 15,548,000ordinary shares of US$0.001 each.
c) Price(s) and volume(s) Price: 0.5 pence
Volume: 15,548,000
d) Aggregated information Price: 0.5 pence
Aggregated volume: 15,548,000
e) Date of the transaction 21 September 2023
f) Place of the transaction London Stock Exchange
Date: 21-09-2023 02:00:00
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