REG - Kore Potash PLC - Issue of Equity

Kore PotashAnnouncement

13/06/2022 07:01

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RNS Number : 5385O  Kore Potash PLC  13 June 2022

 

13 June 2022

Kore Potash Plc

("Kore Potash" or the "Company")

 

Issue of Equity

Kore Potash plc advises that 44,132,674 new ordinary shares of US$0.001 each
in the capital of the Company ("New Ordinary Shares") have today been issued
to Sociedad Quimica y Minera de Chile S.A. ("SQM") in lieu of fees payable
under a Technical Services Agreement.

Application has been made for the admission of 44,132,674 New Ordinary Shares
on AIM, the Johannesburg Stock Exchange and the Australian Securities Exchange
with admission expected to take place on 17 June 2022.

Following this issue, the Company's total issued share capital will consist
of 3,420,177,120 Ordinary Shares.  No shares are held in treasury.
Accordingly, the total number of voting rights in the Company will
be 3,420,177,120.

The above figure 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 in their interest in, the share capital
of the Company under the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.

As a result of the above issue of shares to SQM, its shareholding will
increase from 14.64% to 15.74% of the enlarged share capital.

For ASX's purposes, these securities are issued under ASX Listing Rule 10.11.

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 ('MAR') 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: +27 84 603 6238

 Brad Sampson - CEO
                                                   Tel: +44 (0) 20 7920 3150

 Tavistock Communications

 Jos Simson

 Emily Moss

 Adam Baynes
                                                   Tel: +44 (0) 20 7470 0470

 SP Angel Corporate Finance - Nomad and Broker

 Ewan Leggat

 Charlie Bouverat
                                                   Tel: +44 (0) 20 7408 4050

 Shore Capital - Joint Broker

 Toby Gibbs

 James Thomas
                                                   Tel: +27 (11) 011 9205

 Questco Corporate Advisory - JSE Sponsor

 Doné Hattingh

 

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