Wrap Text
Issue of Equity
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
Kore Potash plc advises that a total of 3,811,398 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 December 2019. 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.
The number of New Ordinary Shares issued to each Non-Executive Director in lieu of remuneration
for the quarter ended 31 December 2019 was calculated as follows:
Percentage of 7 day Number of
Annual fee Quarterly fee Remuneration GBP/USD VWAP shares
David
Hathorn US$156,000.00 US$39,000.00 100% 1.3263 1.1556 2,544,575
David
Netherway US$80,500.00 US$20,125.00 55% 1.3263 1.1556 722,186
Jonathan
Trollip US$63,000.00 US$15,750.00 53% 1.3263 1.1556 544,637
Total 3,811,398
Application has been made for the admission of 3,811,398 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 27 January 2020.
Following this issue, the Company's issued share capital consists of 1,541,252,564
ordinary shares. No shares are held in treasury. Accordingly, the total number of voting rights in the
Company is 1,541,252,564.
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.
21 January 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 4090
Jerry Keen
Toby Gibbs
James Thomas
Renaissance Capital – JSE Sponsor Tel: +27 (11) 750 1448
Yvette Labuschagne
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 Chairman
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 Ordinary Shares of US$0.001 each
of instrument
Identification code GB00BYP2QJ94
b) Nature of the transaction Issue of new shares
c) Price(s) and volume(s) Price: 1.1556p
Volume: 2,544,575
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 21 January 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 Non-Executive Director
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 Ordinary Shares of US$0.001 each
of instrument
Identification code GB00BYP2QJ94
b) Nature of the transaction Issue of new shares
c) Price(s) and volume(s) Price: 1.1556p
Volume: 722,186
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 21 January 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 Non-Executive Director
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 Ordinary Shares of US$0.001 each
of instrument
Identification code GB00BYP2QJ94
b) Nature of the transaction Issue of new shares
c) Price(s) and volume(s) Price: 1.1556p
Volume: 544,637
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 21 January 2020
f) Place of the transaction Outside a trading venue
Date: 21-01-2020 09:00:00
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