REG - Kore Potash PLC - Management changes

Kore PotashAnnouncement

11/12/2023 07:15

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RNS Number : 3127W  Kore Potash PLC  11 December 2023

11 December 2023

 

Kore Potash Plc

("Kore Potash" or the "Company")

 

Management changes
 

Kore Potash, 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 that the acting Chief Financial Officer ("CFO") Amanda Farris has
resigned, and that Andrey Maruta has been appointed as CFO (non-board) with
effect from 11 December 2023.

 

Andrey is a Chartered Certified Accountant, with over 25 years' experience in
the mining industry including as CFO at Petropavlovsk Plc, which had a premium
listing on the LSE. Andrey has also worked in the audit function at
accountancy firm Moore Stephens International in the UK and internationally.
Mr Maruta will report directly to the CEO and is not joining the Company's
board at this stage.

 

Andrey was previously CFO of Kore Potash from August 2019 until June of 2021
when he left for another role within the mining industry. The board is
delighted to have Andrey back.

 

Ms Farris will remain available for a brief period to facilitate a smooth hand
over. The board would like to express their gratitude to Ms Farris for her
invaluable contribution to Kore Potash.

 

Mr Maruta currently holds 133,334 ordinary shares of US$0.001 each in the
Company.

 

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 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

 David Hathorn - Chairman & Interim CEO
 Tavistock Communications                                        Tel: +44 (0) 20 7920 3150

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

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

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

 

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