Wrap Text
Issue of Equity, Performance Rights and Options and Cancellation of certain 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, Performance Rights and Options and Cancellation of certain Performance Rights
Kore Potash plc, the potash exploration and development company whose flagship asset is the 97%-
owned Sintoukola Potash Project (“Kola” or the “Project”), announces the following Issues of Equity,
Performance Rights and Options and the cancellation of certain Performance Rights.
Issues of Equity
A total of 2,258,333 new Ordinary Shares of US$0.001 each in the Company have been issued to certain
current and former employees of the Company to satisfy the conversion of vested Performance Rights
in ordinary shares. Of these, 1,410,000, have been issued to Gavin Chamberlain, the Company’s Chief
Operating Officer. In order to subscribe for the shares in respect of the vested Performance Rights each
recipient was required to pay the aggregate of US$0.001 per share.
For ASX’s purposes, these securities are issued under exception 9 of ASX Listing Rule 7.2.
Additionally, Align Research Limited (“Align Research”), an unrelated party to the Company, has
initiated coverage on the Company and will provide on-going equity research services to the Company.
As consideration for these services, 4,000,000 new Ordinary Shares of US$0.001 each in the Company
are being issued to Align Research at an agreed price of 0.75p per share, being the prevailing price at
the date of signing the agreement.
For ASX’s purposes, these securities are issued under ASX Listing Rule 7.1.
Accordingly, application has been made for a total of 6,258,333 new Ordinary Shares of US$0.001 each
in the Company to be admitted to trading on AIM, the JSE Limited and the Australian Securities
Exchange on 30 June 2020. These shares rank pari passu with the existing Ordinary Shares in issue.
Following these issues, the Company’s issued share capital consists of 1,556,531,836 Ordinary Shares.
No shares are held in treasury. Therefore, the total number of voting rights in the Company is
1,556,531,836.
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.
Issue of Performance Rights
The Company has issued 2,250,000 Performance Rights (“the Performance Rights”) to employees
under its Short Term Incentive Plan with the same performance criteria as the performance rights
currently in issue with vesting conditions based on required service periods. These include the award
1
of 850,000 Performance Rights to Gavin Chamberlain and 200,000 Performance Rights to Andrey
Maruta, the Company’s Chief Financial Officer.
For ASX’s purposes, these securities are issued under exception 13 of ASX Listing Rule 7.2.
Issue of Options
33,000,000 unlisted options to acquire Ordinary Shares in the Company (“Options”) have been issued
to certain employees under the Company’s Long Term Incentive Plan. These Options are exercisable
at £0.022 each with an expiry date of 1 January 2024. The Options vest over 3 years on a one third
basis per annum. These include the award of 12,000,000 Options to each of Gavin Chamberlain and
Andrey Maruta.
For ASX’s purposes, these securities are issued under exception 13 of ASX Listing Rule 7.2.
Cancellation of Performance Rights and Performance Shares
Following the determination by the Board that the applicable vesting conditions within each category
would not be achieved, 11,579,107 Performance Rights and Performance Shares previously issued
have been cancelled as follows:
Performance Rights expiring 6 December 2020 (Employees) 1,001,250
Performance Rights expiring 1 March 2021 (ex-Director) 850,000
Performance Shares vesting on 31 May 2019 700,000
Performance Shares under Short Term Incentive Scheme Plan 52,004
Performance Shares under Long Term Incentive Plan 8,975,853
This announcement has been approved for release by the Board.
25 June 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
2
Mark Percy
Notification of transaction by Person Discharging Managerial Responsibilities ("PDMR")
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Gavin Chamberlain
2 Reason for the notification
a) Position/status COO
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 Conversion of Performance Rights
c) Price(s) and volume(s) Price: US$0.001
Volume: 1,410,000
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 22 June 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 Gavin Chamberlain
2 Reason for the notification
a) Position/status COO
b) Initial notification/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or
auction monitor
3
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 Performance Rights
of instrument
Identification code GB00BYP2QJ94
b) Nature of the transaction Award of Performance Rights
c) Price(s) and volume(s) Price: US$0.001
Volume: 850,000
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 22 June 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 Gavin Chamberlain
2 Reason for the notification
a) Position/status COO
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 Options
of instrument
Identification code GB00BYP2QJ94
b) Nature of the transaction Award of Options1
c) Price(s) and volume(s) Price: 2.2p
Volume: 12,000,000
d) Aggregated information Aggregated volume: N/A
4
Price: N/A
e) Date of the transaction 22 June 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 Andrey Maruta
2 Reason for the notification
a) Position/status CFO
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 Performance Rights
of instrument
Identification code GB00BYP2QJ94
b) Nature of the transaction Award of Performance Rights
c) Price(s) and volume(s) Price: US$0.001
Volume: 200,000
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 22 June 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 Andrey Maruta
2 Reason for the notification
a) Position/status CFO
b) Initial notification/Amendment Initial notification
5
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 Options
of instrument
Identification code GB00BYP2QJ94
b) Nature of the transaction Award of Options
c) Price(s) and volume(s) Price: 2.2p
Volume: 12,000,000
d) Aggregated information Aggregated volume: N/A
Price: N/A
e) Date of the transaction 22 June 2020
f) Place of the transaction Outside a trading venue
6
Date: 25-06-2020 08:00:00
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 
