REG - Kore Potash PLC - PDMR Grant of Options

Kore PotashAnnouncement

15/04/2024 07:00

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RNS Number : 5100K  Kore Potash PLC  15 April 2024

15 April 2024

 

KORE POTASH PLC

("Kore Potash" or the "Company")

PDMR 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 grant of options over
20,000,000 new ordinary shares of US$0.001 each in the Company ("new Ordinary
Shares") exercisable at a price of 1 pence per new Ordinary Share to the
Company's CEO, Mr André Baya, pursuant to his contract of employment with the
Company, vesting at today's date with a life to expiry of three years from
today's date, exercisable for so long as Mr Baya remains an employee of the
Company.

 

In addition, the Board has also granted options over 15,000,000 new Ordinary
Shares exercisable at a price of 1 pence per new Ordinary Share to the
Company's CFO, Mr Andrey Maruta. The options have vested on 12 April 2024 with
a life to expiry of three years from today's date, exercisable for so long as
Mr Maruta is an employee of the Company.

 

Notification of Transaction by Person Discharging Managerial Responsibilities ("PDMR")

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         1)    Mr J. M. André Baya

                                                                  2)    Mr Andrey Maruta
 2   Reason for the notification
 a)  Position/status                                              1)    CEO (Non-Board)

                                                                  2)    CFO (Non-Board)
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Kore Potash Plc
 b)  LEI                                                          213800NWX7EHG4UVC107
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Grant of options over Ordinary Shares of US$0.001 each GB00BYP2QJ94

     Identification code
 b)  Nature of the transaction                                    Grant of options over ordinary shares of US$0.001 each in the Company.
 c)  Price(s) and volume(s)                                       1)

Price    Volume
                                                                  1pence  20,000,000

2)

Price    Volume
                                                                  1pence  15,000,000
 d)  Aggregated information                                       1)

Price    Volume
                                                                  1pence  20,000,000

2)

Price    Volume
                                                                  1pence  15,000,000
 e)  Date of the transaction                                      1)    15 April 2024

                                                                  2)    12 April 2024
 f)  Place of the transaction                                     Outside a Trading Venue

2)

 Price    Volume
 1 pence  15,000,000

d)

Aggregated information

1)

 Price    Volume
 1 pence  20,000,000

2)

 Price    Volume
 1 pence  15,000,000

e)

Date of the transaction

1)    15 April 2024

2)    12 April 2024

f)

Place of the transaction

Outside a Trading Venue

 

 

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

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

 Ewan Leggat

 Charlie Bouverat

 Kasia Brzozowska
 Shore Capital - Joint Broker                       Tel: +44 (0) 20 7408 4050

 Toby Gibbs

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

 Doné Hattingh

 

 

END

 

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