REG - Kore Potash PLC - Notification of Major Shareholding

Kore PotashAnnouncement

02/04/2025 07:15

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RNS Number : 2388D  Kore Potash PLC  02 April 2025

2 April 2025

 

KORE POTASH PLC

("Kore Potash" or "the Company")

Notification of Major Shareholding

 

Kore Potash plc, the potash development company with 97% ownership of the Kola
and DX Potash Projects in the Sintoukola Basin, announces that it has received
the following TR-1 notification in relation to an acquisition of shares by
Allan Gray Proprietary Limited on behalf of its clients presented below.

 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BYP2QJ94

Issuer Name

KORE POTASH PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Allan Gray Proprietary Limited

City of registered office (if applicable)

Cape Town

Country of registered office (if applicable)

South Africa

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the
notification obligation, above

 

City of registered office (if applicable)

 

Country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reached

27-Mar-2025

6. Date on which Issuer notified

01-Apr-2025

7. Total positions of person(s) subject to the notification obligation

                                                                            % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer
 Resulting situation on the date on which threshold was crossed or reached  4.618700                                              0.000000                                                                   4.618700                        223250000
 Position of previous notification (if applicable)

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)
 GB00BYP2QJ94                                 223,250,000                                                                           4.618700
 Sub Total 8.A                                223,250,000                                                                           4.618700%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is  % of voting rights
                                                                            exercised/converted

 Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights

 Sub Total 8.B2

9. Information in relation to the person subject to the notification
obligation

1. Person subject to the notification obligation is not controlled by any
natural person or legal entity and does not control any other undertaking(s)
holding directly or indirectly an interest in the (underlying) issuer.

 Ultimate controlling person  Name of controlled undertaking  % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                          than the notifiable threshold

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

 

12. Date of Completion

01-Apr-2025

13. Place Of Completion

Cape Town, South Africa

 

 

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

 Kore Potash

 Andre Baya, CEO
 Andrey Maruta, CFO                             Tel: +44 (0) 20 3963 1776
 Tavistock Communications

 Emily Moss                                     Tel: +44 (0) 20 7920 3150

 Nick Elwes

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

 Ewan Leggat

 Charlie Bouverat

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

 James Thomas
 Questco Corporate Advisory - JSE Sponsor       Tel: +27 63 482 3802

 Doné Hattingh

 

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