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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 |
TIDMSO4
RNS Number : 1016Z
Salt Lake Potash Limited
15 May 2019
15 May 2019 AIM/ASX Code: SO4 SALT LAKE POTASH LIMITED DIRECTOR EXERCISE OF OPTIONS ------------------------------
Salt Lake Potash Limited ("the Company") advises that it has issued 750,000 new ordinary shares of the Company following the exercise of A$0.40 unlisted incentive options by Hopetoun Consulting Pty Ltd, a company in which Non-Executive Director, Mr Matthew Syme, has a beneficial interest.
Settlement and dealings
Application has been made to the AIM Market of the London Stock Exchange ("AIM") for the admission of the 750,000 Ordinary Shares, which rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading. Dealings on AIM are expected to commence at 8:00am on or around 20 May 2019 ("Admission").
Total Voting Rights
For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules ("DTRs"), following Admission, the Company will have 207,020,581 Ordinary Shares on issue with voting rights attached. The Company holds no shares in treasury. This figure of 207,020,581 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 Mr Syme will have an interest in 5,250,000 shares representing 2.5% of the issued capital. Mr Syme also has an indirect interest in 1,750,000 incentive options and 1,000,000 performance rights.
The Notifications below, made in accordance with the requirements of the EU Market Abuse Regulation and the listing rules of the ASX provide additional information.
For further information please visit www.so4.com.au or contact:
Tony Swiericzuk / Clint McGhie Salt Lake Potash Limited Tel: +61 8 6559 5800 Jo Battershill Salt Lake Potash Limited Tel: +44 7540 366000 Colin Aaronson / Richard Tonthat / Ben Roberts Grant Thornton UK LLP (Nominated Adviser) Tel: +44 (0) 20 7383 500 Derrick Lee / Beth McKiernan Cenkos Securities plc (Joint Broker) Tel: +44 (0) 131 220 639 Rupert Fane / Ingo Hofmaier / Ernest Bell Hannam & Partners (Joint Broker) Tel: +44 (0) 20 7907 800
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 Hopetoun Consulting Pty Ltd ------------------------------------- ------------------------------------------------------------- 2 Reason for the notification ---------------------------------------------------------------------------------------------------- a) Position/status Hopetoun Consulting Pty Ltd is a company in which Non-Executive Director, Mr Matthew Syme, has a beneficial interest. ------------------------------------- ------------------------------------------------------------- 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 213800WAVVOPS85N2205 ------------------------------------- ------------------------------------------------------------- 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 Exercise of options ------------------------------------- ------------------------------------------------------------- c) Price(s) and volume(s) ----------------------------- --------------------------- Price(s) Volume(s) ----------------------------- --------------------------- A$0.40 750,000 ------------------------------------------------------------------------ --------------------------- d) Aggregated information - Aggregated volume Aggregate volume: 750,000 Aggregate price: 40 Australian cents Aggregate total: A$300,000 - Price e) Date of the transaction 15 May 2019 ------------------------------------- ------------------------------------------------------------- f) Place of the transaction Off market transaction ------------------------------------- -------------------------------------------------------------
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement,
application for quotation of additional securities
and agreement
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13
Name of entity SALT LAKE POTASH LIMITED ABN 98 117 085 748
We (the entity) give ASX the following information.
Part 1 -- All issues
You must complete the relevant sections (attach sheets if there is not enough space).
1 +Class of +securities Ordinary Shares issued or to be issued Number of +securities issued or to be issued (if known) or maximum number which may be 2 issued 750,000 3 Principal terms of Fully paid ordinary shares the +securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion) 4 Do the +securities Yes rank equally in all respects from the +issue date with an existing +class of quoted +securities? If the additional +securities do not rank equally, please state: * the date from which they do * the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment * the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration $0.40 6 Purpose of the issue Exercise of Options. (If issued as consideration for the acquisition of assets, clearly identify those assets) ------------------------------------------------------------------- 6a Is the entity an +eligible Yes entity that has obtained security holder approval under rule 7.1A? If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i 6b The date the security 30 November 2018 holder resolution under rule 7.1A was passed 6c Number of +securities Nil issued without security holder approval under rule 7.1 6d Number of +securities Nil issued with security holder approval under rule 7.1A 6e Number of +securities Nil issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) Number of +securities issued under an exception
6f in rule 7.2 750,000 6g If +securities issued Not Applicable under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the +issue date and both values. Include the source of the VWAP calculation. 6h If +securities were Not Applicable issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements 6i Calculate the entity's 7.1 - 28,047,768 remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements 7.1A - 20,653,769 7 +Issue dates 15 May 2019 Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A. Cross reference: item 33 of Appendix 3B. Number +Class Number and +class of all +securities quoted on ASX (including the +securities in 8 section 2 if applicable) 207,020,581 Ordinary Shares --------------------------------- Number +Class --------------------------------- Class B Performance Shares Class C Performance Shares Incentive Options exercise price $0.50, expiry date 29 April 2020 Incentive Options exercise price $0.60, expiry date 29 April 2021 Incentive Options exercise price $0.40, expiry date 30 June 2021 Incentive Options exercise price $0.50, expiry date 30 June 2021 Incentive Options exercise price $0.60, expiry date 30 June 2021 Incentive Options exercise price 7,500,000 $0.70, expiry date 30 June 10,000,000 2021 750,000 Incentive Options exercise price $0.60, 1,000,000 expiry date 1 November 2023 250,000 Incentive Options exercise price 500,000 $1.00, expiry date 1 November 750,000 2023 Incentive Options 400,000 exercise price $1.20, expiry date 1 1,700,000 November 2023 Performance rights 2,750,000 which are subject to various performance conditions to be Number and +class 3,000,000 satisfied prior to
of all +securities the relevant expiry not quoted on ASX dates between 31 (including the +securities December 2018 and 9 in section 2 if applicable) 21,095,016 1 November 2023 --------------------------------- 10 Dividend policy (in Not Applicable the case of a trust, distribution policy) on the increased capital (interests)
Part 2 -- Pro rata issue
11 Is security holder Not Applicable approval required? 12 Is the issue renounceable Not Applicable or non-renounceable? 13 Ratio in which the Not Applicable +securities will be offered 14 +Class of +securities Not Applicable to which the offer relates 15 +Record date to determine Not Applicable entitlements 16 Will holdings on different Not Applicable registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding Not Applicable entitlements in relation to fractions 18 Names of countries Not Applicable in which the entity has security holders who will not be sent new offer documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt Not Applicable of acceptances or renunciations 20 Names of any underwriters Not Applicable 21 Amount of any underwriting Not Applicable fee or commission 22 Names of any brokers Not Applicable to the issue 23 Fee or commission payable Not Applicable to the broker to the issue 24 Amount of any handling Not Applicable fee payable to brokers who lodge acceptances or renunciations on behalf of security holders 25 If the issue is contingent Not Applicable on security holders' approval, the date of the meeting 26 Date entitlement and Not Applicable acceptance form and offer documents will be sent to persons entitled 27 If the entity has issued Not Applicable options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading Not Applicable will begin (if applicable) 29 Date rights trading Not Applicable will end (if applicable) 30 How do security holders Not Applicable sell their entitlements in full through a broker? 31 How do security holders Not Applicable sell part of their entitlements through a broker and accept for the balance? 32 How do security holders Not Applicable dispose of their entitlements (except by sale through a broker)? 33 +Issue date Not Applicable
Part 3 -- Quotation of securities
You need only complete this section if you are applying for quotation of securities
34 Type of +securities (tick one) (a) +Securities described in Part 1 (b) All other +securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the information or documents 35 If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders 36 If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over 37 A copy of any trust deed for the additional +securities
Entities that have ticked box 34(b)
38 Number of +securities Not Applicable for which +quotation is sought 39 +Class of +securities Not Applicable for which quotation is sought 40 Do the +securities Not Applicable rank equally in all respects from the +issue date with an existing +class of quoted +securities? If the additional +securities do not rank equally, please state: * the date from which they do * the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment * the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request Not Applicable for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another +security, clearly identify that other +security) Number +Class 42 Number and +class of all +securities quoted on ASX (including the +securities in clause 38) ---------
Quotation agreement
1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
2 We warrant the following to ASX.
-- The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
-- There is no reason why those +securities should not be granted +quotation.
-- An offer of the (+) securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
-- Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
-- If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
4 We give ASX the information and documents required by this form. If any information or document is not available now, we will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.
Sign here: ........................................................... Date: 15 May 2019
(Director/Company secretary)
Print name: Clint McGhie
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.
END
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(END) Dow Jones Newswires
May 15, 2019 04:41 ET (08:41 GMT)
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