Change in Non Executive Director

Kore Potash

21/12/2022 09:30

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RNS Number : 4657K  Kore Potash PLC  21 December 2022

21 December 2022

 

Kore Potash Plc

("Kore Potash" or "the Company")

 

Change in Non Executive Director

 

Kore Potash (AIM: KP2, ASX: KP2, JSE:KP2), the potash development company with
97%-ownership of the Kola and DX Potash Projects in the Sintoukola Basin,
located in the Republic of Congo announces the resignation of Mr Sameer
Oundhakar from the Board with immediate effect.

 

Mr Oundhakar has served on the Board of directors of the Company ("the Board")
as a non-executive director since 1 April 2021 after having been nominated by
the Oman Investment Authority ("OIA"). He has resigned from his employment
with OIA to pursue other interests and as a consequence is no longer able to
continue as a Director of Kore Potash.

 

Mr David Hathorn the Chairman of Kore Potash commented: "The Board has
appreciated Sameer's insightful and meaningful contributions to the governance
of the Company. OIA is our largest shareholder and their investment and
substantial ongoing support has been hugely important for the Company. We look
forward to continuing this highly constructive relationship as we work towards
finalising the financing of the Kola Potash Project and commencing
construction and we wish Sameer well for his future endeavours"

 

OIA has advised the Company of its preferred non-executive director candidate
to replace Mr Oundhakar. This nomination is currently being considered by the
Board and the Company intends to provide a further update to shareholders
following completion of the normal due diligence processes.

 

This announcement has been approved for release by the Board of Kore Potash.

 

ENDS

 

 

For further information, please visit www.korepotash.com
(http://www.korepotash.com) or contact:

 

 Kore Potash                                      Tel: +27 84 603 6238

 Brad Sampson - CEO

 Tavistock Communications                         Tel: +44 (0) 20 7920 3150

 Emily Moss

 Adam Baynes
 SP Angel Corporate Finance - Nomad and Broker    Tel: +44 (0) 20 7470 0470

 Ewan Leggat

 Charlie Bouverat
 Shore Capital - Joint Broker                     Tel: +44 (0) 20 7408 4050

 Toby Gibbs

 James Thomas
 Questco Corporate Advisory - JSE Sponsor         Tel: +27 (11) 011 9205

 Doné Hattingh

 

 

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