TIDMKP2
RNS Number : 0694W
Kore Potash PLC
07 December 2023
7 December 2023
Kore Potash Plc
("Kore Potash" or the "Company")
Results of General Meeting
Issue of Shares
Kore Potash, 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 205,675,000
new ordinary shares of US$0.001 each in the Company ("Ordinary
Shares") at 0.38p per Ordinary Share in line with the Company's
fundraising announcement of 31 October 2023 ("Fundraise").
Application will be made for the Ordinary Shares to be admitted to
trading which is expected to commence on or around 14 December
2023, ("Admission").
David Hathorn, the Chairman and Interim CEO of Kore Potash,
participated in the Fundraise for a total of 162,375,000 New
Ordinary Shares for a total value of US$750,000. These shares will
be issued under ASX listing rule 10.11.1, having received the
relevant shareholder approvals at today's GM.
On Admission, David Hathorn will hold a beneficial interest in
337,708,061 Ordinary Shares representing 8.2 per cent. of the
issued share capital of the Company.
The following statistics, as detailed in the attached Annexure
A, are provided in respect of each resolution on the Agenda of Kore
Potash GM. Those defined terms not defined within this announcement
will have the same meaning as that set in the announcement dated 31
October 2023.
Total voting rights
Following the issue of the 205,675,000 new Ordinary Shares, the
Company's total issued share capital will consist of 4,119,667,120
Ordinary Shares. No shares are held in treasury. Accordingly, the
total number of voting rights in the Company will be
4,119,667,120.
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
David Hathorn - Chairman & Interim CEO
Tavistock Communications Tel: +44 (0) 20 7920
Nick Elwes Adam Baynes 3150
SP Angel Corporate Finance- Nomad and Tel: +44 (0) 20 7470
Joint Broker Ewan Leggat 0470
Charlie Bouverat
Shore Capital- Joint Broker Toby Gibbs Tel: +44 (0) 20 7408
James Thomas 4050
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:
RESOLUTION TOTAL VOTES FOR DISCRETION AGAINST VOTES
VALIDLY WITHHELD
Resolution 1 - Authority
to allot shares in connection
with the Fundraise 1,515,238,882 1,513,584,335 0 1,654,547 277,064
---------------- -------------- --------------- ------------ ------------
Resolution 2 - Approval of
securities issue to Non-Affiliated
Investors under the Fundraise 1,515,238,882 1,512,926,211 0 2,312,671 277,064
---------------- -------------- --------------- ------------ ------------
Resolution 3 - Approval of
securities issue to Director
under the Fundraise - David
Hathorn as beneficiary of
the Belle Terre and Stapleford
Trusts 1,515,121,072 1,513,415,161 0 1,705,911 394,874
---------------- -------------- --------------- ------------ ------------
Resolution 4 - Ratification
of issue of Unconditional
Subscription Shares 775,990,435 773,985,888 0 2,004,547 284,274
---------------- -------------- --------------- ------------ ------------
Resolution 5 - General approval
to allot shares 1,515,234,072 1,513,629,525 0 1,604,547 281,874
---------------- -------------- --------------- ------------ ------------
Resolution 6 - Disapplication
of pre-emption rights in connection
with the Fundraise 1,513,673,305 1,512,307,394 0 1,365,911 1,842,641
---------------- -------------- --------------- ------------ ------------
Resolution 7 - Disapplication
of pre-emption rights for
general authority 1,513,673,305 1,512,265,394 0 1,407,911 1,842,641
---------------- -------------- --------------- ------------ ------------
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 81,187,500 ordinary shares of
US$0.001 each.
-------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price: 0.38 pence
Volume: 81,187,500
-------------------------------- ---------------------------------------
d) Aggregated information Price: 0.38 pence
Aggregated volume: 81,187,500
-------------------------------- ---------------------------------------
e) Date of the transaction 7 December 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 81,187,500 ordinary shares of US$0.001
each.
-------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price: 0.38 pence
Volume: 81,187,500
-------------------------------- ---------------------------------------------
d) Aggregated information Price: 0.38 pence
Aggregated volume: 81,187,500
-------------------------------- ---------------------------------------------
e) Date of the transaction 7 December 2023
-------------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------------- ---------------------------------------------
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END
RAGUBOUROOUURAA
(END) Dow Jones Newswires
December 07, 2023 08:00 ET (13:00 GMT)
Kore Potash (LSE:KP2)
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から 4 2024 まで 5 2024
Kore Potash (LSE:KP2)
過去 株価チャート
から 5 2023 まで 5 2024
