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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Kore Potash Plc | LSE:KP2 | London | Ordinary Share | GB00BYP2QJ94 | ORD USD0.001 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.52 | 0.50 | 0.54 | 0.52 | 0.52 | 0.52 | 98,524 | 07:31:43 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMKP2
RNS Number : 7627L
Kore Potash PLC
15 January 2021
15 January 2021
Kore Potash Plc
("Kore Potash" or the "Company")
Issue of Equity
Kore Potash plc advises that a total of 2,909,389 ordinary shares of US$0.001 each in the Company have today been issued to certain Non-Executive Directors of the Company in lieu of cash fees for the quarter ended 31 December 2020, as approved at the General Meeting of the Company held on 18 September 2020 ("Remuneration Shares").
In addition, the Company has also issued 3,071,251 ordinary shares to certain employees and ex-employees, following the vesting of Performance Rights awarded under the Company's Employee Performance Incentive Plans ("Performance Shares") (together with the Remuneration Shares the "New Ordinary Shares").
Non-Executive Director shares in lieu of cash fees
The number of New Ordinary Shares issued to each Non-Executive Director in lieu of remuneration for the quarter ended 31 December 2020 was calculated as follows:
Hot Features
Premium
Annual Quarterly Percentage GBP/USD 7 day Number
fee fee of Remuneration VWAP of shares
David Hathorn US$100,000 US$25,000 55% 1.37 0.84 1,194,821
------------ ----------- ----------------- -------- ------ -----------
David Netherway US$80,500 US$20,125 55% 1.37 0.84 961,831
------------ ----------- ----------------- -------- ------ -----------
Jonathan Trollip US$63,000 US$15,750 55% 1.37 0.84 752,737
------------ ----------- ----------------- -------- ------ -----------
Total 2,909,389
----------------- -------- ------ -----------
Total voting rights
A total of 5,980,640 New Ordinary Shares have today been issued. Application has been made for the admission of 5,980,640 New Ordinary Shares on AIM, the Johannesburg Stock Exchange and the Australian Securities Exchange with admission expected to take place on 20 January 2021.
Following this issue, the Company's issued share capital consists of 2,451,768,173 ordinary shares. No shares are held in treasury. Accordingly, the total number of voting rights in the Company is 2,451,768,173.
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.
For ASX's purposes, these securities are issued under Listing Rule 10.11 (Remuneration Shares) and exception 9 of ASX Listing Rule 7.2 (Performance Shares) respectively.
Cancellation of certain Performance Rights, Performance Shares and Options
Following the determination by the Company that the applicable vesting conditions within each category would not be achieved, a total of 9,297,751 Performance Rights, Performance Shares and Unlisted Options previously issued have been cancelled as follows:
Performance Rights expiring 6 December 2020
(Employees) 1,253,750
Performance Shares under Short Term Incentive
Scheme Plan 1,015,001
----------
Performance Shares under Long Term Incentive
Plan 499,000
----------
Performance Shares vesting on 31 May 2019 530,000
----------
Unlisted Options exercisable at GBP0.022 each,
expiring on 1 January 2024 6,000,000
----------
This announcement has been approved for release by the Board.
SFor 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
Jos Simson 3150
Edward Lee
Tel: +44 (0) 20 7523
Canaccord Genuity - Nomad and 4600
Broker
James Asensio
Henry Fitzgerald-O'Connor
Shore Capital - Joint Broker Tel: +44 (0) 20 7408
Jerry Keen 4050
Toby Gibbs
James Thomas
Notification of transaction by Person Discharging Managerial Responsibilities ("PDMR") in relation to issue of the Renumeration Shares.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name David Hathorn
------------------------------------- --------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status 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
instrument, type of instrument each
Identification code GB00BYP2QJ94
------------------------------------- --------------------------------
b) Nature of the transaction Issue of new shares
------------------------------------- --------------------------------
c) Price(s) and volume(s) Price: 0.84p
Volume: 1,194,821
------------------------------------- --------------------------------
d) Aggregated information Aggregated volume: N/A
Price: N/A
------------------------------------- --------------------------------
e) Date of the transaction 15 January 2021
------------------------------------- --------------------------------
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 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
instrument, type of instrument each
Identification code GB00BYP2QJ94
------------------------------------- --------------------------------
b) Nature of the transaction Issue of new shares
------------------------------------- --------------------------------
c) Price(s) and volume(s) Price: 0.84p
Volume: 961,831
------------------------------------- --------------------------------
d) Aggregated information Aggregated volume: N/A
Price: N/A
------------------------------------- --------------------------------
e) Date of the transaction 15 January 2021
------------------------------------- --------------------------------
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 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
instrument, type of instrument each
Identification code GB00BYP2QJ94
------------------------------------- --------------------------------
b) Nature of the transaction Issue of new shares
------------------------------------- --------------------------------
c) Price(s) and volume(s) Price: 0.84p
Volume: 752,737
------------------------------------- --------------------------------
d) Aggregated information Aggregated volume: N/A
Price: N/A
------------------------------------- --------------------------------
e) Date of the transaction 15 January 2021
------------------------------------- --------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- --------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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END
IOEUSOVRAWUAAAR
(END) Dow Jones Newswires
January 15, 2021 02:00 ET (07:00 GMT)
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