REG - Kore Potash PLC - Conditional Grant of Options

Kore PotashAnnouncement

22/04/2025 07:00

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RNS Number : 5424F  Kore Potash PLC  22 April 2025

22 April 2025

 

KORE POTASH PLC

("Kore Potash" or the "Company")

Conditional Grant of Options

 

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 conditional grant of options
over a total of 6,000,000 new ordinary shares of US$0.001 each in the Company
("new Ordinary Shares") exercisable at a price of 1.93 pence per new Ordinary
Share being the market closing price on 17 April 2025. The 6,000,000 options
comprise of 2,000,000 to the Company's Non-Executive Chairman, Mr David
Hathorn, 2,000,000 to the Company's Non-Executive Director, Mr David Netherway
and 2,000,000 to the Company's Non-Executive Director, Mr Jonathan Trollip,
pursuant to the board decision to award certain non-executive directors for
the deferred directors' fees and subject to shareholder approval at the
upcoming Annual General Meeting ("AGM"), vesting at the date of the AGM and
with a life to expiry of three years from the AGM's date.

 

Market Abuse Regulation

Market Abuse Regulation (MAR) Disclosure - The information contained within
this announcement is deemed by the Company to constitute inside information as
stipulated under the Market Abuse Regulations (EU) No. 596/2014 which has been
incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the
publication of this announcement via Regulatory Information Service ("RIS"),
this inside information is now considered to be in the public domain.

 

This announcement has been approved for release by the Board.

 

 

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

 

 Kore Potash                                        Tel: +44 (0) 20 3963 1776

 David Hathorn - Chairman

 André Baya - CEO
 Tavistock Communications                           Tel: +44 (0) 20 7920 3150

 Nick Elwes

 Emily Moss
 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 (63) 482 3802

 Doné Hattingh

 

 

END

 

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