Salt Lake Potash Limited Appointment of Voluntary Administrators (6418P)

TIDMSO4

RNS Number : 6418P

Salt Lake Potash Limited

20 October 2021

 
 20 October 2021   AIM/ASX Code: SO4 
 
 
         SALT LAKE POTASH LIMITED 
  APPOINTMENT OF VOLUNTARY ADMINISTRATORS 
----------------------------------------- 
 

On 20 October 2021 the directors of Salt Lake Potash Limited ("SO4" or the "Company") resolved that it, together with other companies as set out below (the "Companies") were insolvent or likely to become insolvent at some future time and that administrators should be appointed to the Companies.

The directors of the Companies further resolved that Martin Jones, Thomas Birch, Hayden White of KPMG Restructuring be appointed as Voluntary Administrators of the Companies pursuant to Section 436A of the Corporations Act 2001 (Cth).

The appointments of the Administrators followed ongoing discussions between the Companies, the Companies secured creditors and other key stakeholders.

A further update in respect of the Companies operations and the restructure / recapitalisation process will be released to the market in due course.

The contact details of the Voluntary Administrators are:

KPMG

Level 8, 235 St Georges Terrace

Perth WA 6000

   Tel:   [phone] 

E-mail: [e-mail]

For all media enquiries please call Sarah Belin [phone]

 
 
              The Companies                                       ACN 
              Salt Lake Potash Limited                            117 085 748 
              Australia Salt Lake Potash Pty Ltd                  164 369 420 
              Irve Holdings Pty Ltd                               633 114 619 
              Two Lake Holdings Pty Ltd                           633 114 637 
              SO4 Fertiliser Holdings Pty Ltd                     633 114 628 
              Piper Preston Pty Ltd                               142 962 409 
              Irve Developments Pty Ltd                           634 354 215 
              Two Lake Developments Pty Ltd                       634 354 233 
              SO4 Fertiliser Developments Pty Ltd                 634 354 224 
==================================================  ========================= 
 

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

For further information please contact:

 
              KPMG                                                     Tel: [phone] 
                                                                        [e-mail] 
              Grant Thornton UK LLP (Nominated Adviser)                Tel: [phone] 
               Colin Aaronson / Lukas Girzadas 
 
 
 

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October 20, 2021 02:00 ET (06:00 GMT)