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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 | 0.00% | 2.45 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMSO4
RNS Number : 7737O
Salt Lake Potash Limited
11 February 2021
11 February 2021 AIM/ASX Code: SO4 SALT LAKE POTASH LIMITED COMPLETION OF PLACEMENT -------------------------
Salt Lake Potash Limited (SO4 or the Company) is pleased to announce that it has now completed the placement of 130.0 million new ordinary shares of the Company, to raise gross proceeds of A$52.0 million (Placement), first announced on 11 December 2020.
The second tranche of the Placement to Directors has been completed following shareholder approval at a General Meeting held on 22 January 2021. The issue comprised 5,025,000 ordinary shares of no par value (Ordinary Shares) at a price of A$0.40 per share, including 3,000,000 shares subscribed for by the Company's Chairman, Mr Ian Middlemas and 500,000 shares by the CEO, Mr Tony Swiericzuk. Further information is set out below.
The Company has also issued 500,000 Ordinary Shares to an employee in lieu of 500,000 Performance Rights that had vested, but expired on 31 December 2021.
Settlement and dealings
Application has been made to the AIM Market of the London Stock Exchange ("AIM") for the admission of the 5,025,000 Ordinary Shares issued under the Placement and the 500,000 Ordinary Shares issued to an employee, which rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading. Dealings on AIM for the 5,025,000 Ordinary Shares issued under the Placement are expected to commence at 8:00am on or around 12 February 2021. Dealings on AIM for the 500,000 Ordinary Shares issued to an employee are expected to commence at 8:00am on or around 15 February 2021.
A prospectus to comply with section 708A(11) of the Corporations Act has also been lodged with ASIC and ASX
today. A copy of the prospectus is available to view on the Company's website: www.so4.com.au
Total Voting Rights
For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules (DTRs), following Admission of the 5,025,000 Ordinary Shares issued under the Placement and the 500,000 Ordinary Shares issued to an employee, SO4 will have 736,527,863 Ordinary Shares in issue with voting rights attached. Salt Lake holds no shares in treasury. This figure of 736,527,863 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 to their interest in the Company, under the ASX Listing Rules or the DTRs.
Directors' interests
Following the issue of these shares, the directors will have the following interests in shares:
Hot Features
Premium
Number of Ordinary Total Number of Percentage of enlarged
Shares issued Ordinary Shares issued share capital
under the Placement following issue
under the Placement
Ian Middlemas 3,000,000 20,000,000 2.72%
Tony Swiericzuk 500,000 5,204,470 0.71%
Matthew Bungey 150,000 2,014,075 0.27%
Philip Montgomery 1,250,000 1,250,000 0.17%
Peter Thomas 125,000 245,000 0.03%
Mr Swiericzuk also holds an indirect interest in 5 million unlisted options and 5,879,377 performance rights. Mr Bungey also holds an interest in 450,000 unlisted options and 750,000 performance rights. Mr Montgomery and Mr Thomas both hold an interest in 500,000 unlisted options.
The Notifications below, made in accordance with the requirements of the UK Market Abuse Regulation provide additional information.
F or further information please visit www.so4.com.au or contact:
Tony Swierizcuk / Richard Salt Lake Potash Limited Tel: +61 8 6559 5800
Knights
Colin Aaronson / Seamus Grant Thornton UK LLP Tel: +44 (0) 20 7383 5100
Fricker (Nominated Adviser)
Derrick Lee / Peter Lynch Cenkos Securities plc Tel: +44 (0) 131 220 6939
(Joint Broker)
Rupert Fane / Ernest Bell Hannam & Partners (Joint Broker) Tel: +44 (0) 20 7907 8500
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Tony Swiericzuk
--------------------------------------------------- --------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------------------------------- --------------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------------------
a) Name Salt Lake Potash Limited
--------------------------------------------------- --------------------------------------------------
b) LEI 213800ZYZHFUDQ784B24
--------------------------------------------------- --------------------------------------------------
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 Ordinary shares of no par value
financial instrument,
type of instrument
Identification code AU000000SO44
b) Nature of the transaction Subscription for cash in a placement by the
Company
--------------------------------------------------- --------------------------------------------------
c) Price(s) and volume(s)
----------------------- ----------------------
Price(s) Volume(s)
----------------------- ----------------------
A$0.40 500,000
-------------------------------------------------------------------------------- ----------------------
d) Aggregated information
Aggregate volume: 500,000
* Aggregated volume
Aggregate price: 40 Australian cents
* Price
Aggregate total: A$200,000
e) Date of the transaction 11 February 2021
--------------------------------------------------- --------------------------------------------------
f) Place of the transaction Off market transaction
--------------------------------------------------- --------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ian Middlemas
--------------------------------------------------- --------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------------------
a) Position/status Chairman
--------------------------------------------------- --------------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------------------
a) Name Salt Lake Potash Limited
--------------------------------------------------- --------------------------------------------------
b) LEI 213800ZYZHFUDQ784B24
--------------------------------------------------- --------------------------------------------------
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 Ordinary shares of no par value
financial instrument,
type of instrument
Identification code AU000000SO44
b) Nature of the transaction Subscription for cash in a placement by the
Company
--------------------------------------------------- --------------------------------------------------
c) Price(s) and volume(s)
----------------------- ----------------------
Price(s) Volume(s)
----------------------- ----------------------
A$0.40 3,000,000
-------------------------------------------------------------------------------- ----------------------
d) Aggregated information
Aggregate volume: 3,000,000
* Aggregated volume
Aggregate price: 40 Australian cents
* Price
Aggregate total: A$1,200,000
e) Date of the transaction 11 February 2021
--------------------------------------------------- --------------------------------------------------
f) Place of the transaction Off market transaction
--------------------------------------------------- --------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Philip Montgomery
--------------------------------------------------- --------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------------------
a) Position/status Non-Executive Director
--------------------------------------------------- --------------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------------------
a) Name Salt Lake Potash Limited
--------------------------------------------------- --------------------------------------------------
b) LEI 213800ZYZHFUDQ784B24
--------------------------------------------------- --------------------------------------------------
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 Ordinary shares of no par value
financial instrument,
type of instrument
Identification code AU000000SO44
b) Nature of the transaction Subscription for cash in a placement by the
Company
--------------------------------------------------- --------------------------------------------------
c) Price(s) and volume(s)
----------------------- ----------------------
Price(s) Volume(s)
----------------------- ----------------------
A$0.40 1,250,000
-------------------------------------------------------------------------------- ----------------------
d) Aggregated information
Aggregate volume: 1,250,000
* Aggregated volume
Aggregate price: 40 Australian cents
* Price
Aggregate total: A$500,000
e) Date of the transaction 11 February 2021
--------------------------------------------------- --------------------------------------------------
f) Place of the transaction Off market transaction
--------------------------------------------------- --------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Matthew Bungey
--------------------------------------------------- --------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------------------
a) Position/status Non-Executive Director
--------------------------------------------------- --------------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------------------
a) Name Salt Lake Potash Limited
--------------------------------------------------- --------------------------------------------------
b) LEI 213800ZYZHFUDQ784B24
--------------------------------------------------- --------------------------------------------------
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 Ordinary shares of no par value
financial instrument,
type of instrument
Identification code AU000000SO44
b) Nature of the transaction Subscription for cash in a placement by the
Company
--------------------------------------------------- --------------------------------------------------
c) Price(s) and volume(s)
----------------------- ----------------------
Price(s) Volume(s)
----------------------- ----------------------
A$0.40 150,000
-------------------------------------------------------------------------------- ----------------------
d) Aggregated information
Aggregate volume: 150,000
* Aggregated volume
Aggregate price: 40 Australian cents
* Price
Aggregate total: A$60,000
e) Date of the transaction 11 February 2021
--------------------------------------------------- --------------------------------------------------
f) Place of the transaction Off market transaction
--------------------------------------------------- --------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Peter Thomas
--------------------------------------------------- --------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------------------
a) Position/status Non-Executive Director
--------------------------------------------------- --------------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------------------
a) Name Salt Lake Potash Limited
--------------------------------------------------- --------------------------------------------------
b) LEI 213800ZYZHFUDQ784B24
--------------------------------------------------- --------------------------------------------------
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 Ordinary shares of no par value
financial instrument,
type of instrument
Identification code AU000000SO44
b) Nature of the transaction Subscription for cash in a placement by the
Company
--------------------------------------------------- --------------------------------------------------
c) Price(s) and volume(s)
----------------------- ----------------------
Price(s) Volume(s)
----------------------- ----------------------
A$0.40 125,000
-------------------------------------------------------------------------------- ----------------------
d) Aggregated information
Aggregate volume: 125,000
* Aggregated volume
Aggregate price: 40 Australian cents
* Price
Aggregate total: A$50,000
e) Date of the transaction 11 February 2021
--------------------------------------------------- --------------------------------------------------
f) Place of the transaction Off market transaction
--------------------------------------------------- --------------------------------------------------
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
IOESFUSMFEFSEIE
(END) Dow Jones Newswires
February 11, 2021 02:06 ET (07:06 GMT)
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