REG - Kore Potash PLC - Issue of CDI’s under Cleansing Prospectus

Kore PotashAnnouncement

Tue 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250729:nRSc8687Sa&default-theme=true

RNS Number : 8687S  Kore Potash PLC  29 July 2025

 

29 July 2025

 Kore Potash Plc

("Kore Potash" or "the Company")

Issue of CDI's under Cleansing Prospectus

Kore Potash (AIM: KP2, ASX: KP2, JSE: KP2, A2X: KP2), the potash development
company with 97% ownership of the Kola Potash Project ("Kola" or the "Kola
Project") and Dougou Extension ("DX") Potash Project in the Sintoukola Basin,
located in the Republic of Congo ("RoC"), refers to the offer to certain
investors to apply for up to 500 CDIs in the capital of the Company at an
issue price of AUD0.0543 per CDI as announced in its Cleansing Prospectus
dated 22 November 2024 ("Offer")(as extended to 31 August 2025 ("Closing
Date") via announcements dated 30 January 2025, 25 March 2025 and 29 May
2025).

 

Kore Potash advises that the Directors have resolved to issue 500 CDIs (each
CDI being an equivalent to one ordinary share in the capital of the Company)
and to close the Offer following Admission, as set out below, unless otherwise
advised to the market.

 

As set out in the Cleansing Prospectus, the primary purpose of the Cleansing
Prospectus is to remove any trading restrictions on the sale of any securities
issued by the Company without disclosure under Chapter 6D of the Corporations
Act 2001 (Cth) prior to the Closing Date.

Admission and Total Voting Rights
Application will be made to the London Stock Exchange for the 500 New Ordinary Shares which are being issued pursuant to the Offer to be admitted to trading on AIM and application has also been made for such shares to be admitted to trading on JSE Limited and ASX ("Admission").  It is expected that Admission to the AIM market of the London Stock Exchange and the JSE Limited will take place at 08:00 on 1 August 2025.
Application
Following Admission and the issue of the 500 New Ordinary Shares, the Company's issued share capital will consists of 4,856,249,499 Ordinary Shares. Accordingly, following Admission the total number of voting rights in the Company will be 4,856,249,499. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Authorisation and Additional Information

This announcement was authorised by the Board of Kore Potash plc.

 

ENDS
 
 
 
For further information, please visit
www.korepotash.com (http://www.korepotash.com/)
 or contact:
 
 
 Kore Potash                                   Tel: +44 (0) 20 3963 1776

 André Baya, CEO

Andrey Maruta, CFO
 Tavistock Communications                      Tel: +44 (0) 20 7920 3150

 Emily Moss

Nick Elwes

 Josephine Clerkin
 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

 

 

 

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCBLGDRUGDDGUI