Wrap Text
Results of AGM and change in auditor
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 AGM
Kore Potash plc, the potash development company whose flagship asset is the 97%-owned Sintoukola Potash Project (“Kola” or the “Project”), is pleased to announce
that the resolutions put to its Annual General Meeting (“AGM”) held earlier today, Friday 28 June 2019, were duly passed.
The resolutions were all passed on a show of hands with exception of Resolution 12 in which a poll was taken and was passed by the requisite majority.
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 AGM.
In addition, shareholders are advised in terms of Rule 3.6.16 of the Listing Rules of the Australian Securities Exchange and paragraph 3.78 of the JSE Listings
Requirements that BDO LLP (“BDO”) has been appointed as the Company's external auditors with effect from 28 June 2019, with Matt Crane as the designated
audit partner, replacing Deloitte LLP (“Deloitte”).
The change in audit firm was initiated by Kore Potash as part of a review process conducted by the Audit & Risk Committee in which select firms were invited
to quote on providing audit services to Kore Potash. The decision to change auditors was not the result of any disagreement between the Company and
Deloitte on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. The appointment of BDO will
allow the Company to maintain a quality auditor while achieving its objective of reducing costs. Kore Potash would like to take this opportunity to express its
sincere gratitude to the Deloitte team for their services rendered to the Company over the past years.
ENDS
28 June 2019
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 CHAIRMAN OTHER WITHHELD
CAST
Resolution 1 - Receive the 2018 Annual Report
442,198,541 442,178,507 0 20,034 0 150,455
Resolution 2 - Approval of Remuneration Report
442,054,213 441,658,308 0 20,034 375,871 294,783
Resolution 3 - Appointment of Auditors
442,207,231 442,087,197 0 20,034 100,000 136,515
Resolution 4 - Authorise directors to determine the remuneration
of BDO LLP as the Company’s auditors 442,003,221 441,538,313 0 20,034 444,874 296,814
Resolution 5 - Re-appointment of David Hathorn as a Director
418,816,679 418,267,516 0 20,034 529,129 23,483,356
Resolution 6 - Re-appointment of Brad Sampson as a Director
442,003,034 441,453,871 0 20,034 529,129 297,001
Resolution 7 - Re-appointment of Jonathan Trollip as a Director
442,003,434 441,451,871 0 20,034 531,529 296,601
Resolution 8 - Re-appointment Timothy Keating as a Director
442,003,034 441,453,871 0 20,034 529,129 297,001
Resolution 9 - Re-appointment of David Netherway as a Director
442,003,034 441,451,871 0 20,034 531,129 297,001
Resolution 10 - Re-appointment of Jose Antonio Merino as a
Director 442,003,034 441,453,871 0 20,034 529,129 297,001
Resolution 11 – Authority to allot shares
442,176,190 438,186,656 0 20,034 3,969,500 115,845
Resolution 12 – Disapplication of pre-emption rights
442,140,856 438,437,174 0 20,034 3,683,648 164,101
Date: 28/06/2019 11:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
