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Share Name Share Symbol Market Type Share ISIN Share Description
Salt Lake Potash Limited LSE:SO4 London Ordinary Share AU000000SO44 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 2.45 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals 0.0 -3.9 -0.5 - 20

Salt Lake Potash Limited Appointment of Voluntary Administrators

20/10/2021 7:00am

UK Regulatory (RNS & others)


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:   +61 8 9263 7171 

E-mail: au-fmperreception@kpmg.com.au

For all media enquiries please call Sarah Belin +61 2 9295 3935

 
 
              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: +61 8 9263 7171 
                                                                        au-fmperreception@kpmg.com.au 
              Grant Thornton UK LLP (Nominated Adviser)                Tel: +44 (0) 20 7383 5100 
               Colin Aaronson / Lukas Girzadas 
 
 
 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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

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