RCS - Record PLC - Non-Binding Term Sheets for US$2.2 billion signed

RecordAnnouncement

11/06/2025 07:00

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RNS Number : 2787M  Record PLC  11 June 2025

11 June 2025

Record plc

Non-Binding Term Sheets for US$2.2 billion signed

OWI-RAMS GMBH ("OWI-RAMS"), a joint venture between One World Impact Partners
and Record Asset Management GmbH, a subsidiary of Record plc, is pleased to
announce that it has signed non-binding term sheets ("Term Sheets") with Kore
Potash plc ("Kore Potash") (AIM: KP2, ASX: KP2, JSE: KP2, A2X: KP2) for
availing the total funding requirement of approximately US$2.2bn for the Kola
Potash Project ("Kola Project"), contributing to global food security and
stimulating economic growth for the Republic of Congo ("RoC").

OWI-RAMS deploys a bespoke investment strategy focused on advancing global
food security and accelerating the energy transition through strategic
investments in food system enablers and next-generation critical energy
infrastructure. Its strategy includes providing capital solutions across the
risk spectrum, from equity and structured loan offerings to bespoke senior and
whole-loan facilities for sponsors and operating companies.

Kore Potash is the potash development company with 97% ownership of the Kola
Project and Dougou Extension Potash Project in the Sintoukola Basin, located
in the RoC.

For further information, please refer to the Kore Potash announcement here
(https://www.londonstockexchange.com/news-article/KP2/non-binding-term-sheets-for-us-2-2-billion-signed/17078362)
.

 

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For further information, please contact:

 

 Record plc                                 Tel: +44 (0) 20 3892 1300

 Dr Jan Witte, Chief Executive Officer

 Richard Heading, Chief Financial Officer   investorrelations@recordfg.com

 Panmure Liberum                            Tel: +44 (0)20 7886 2500

 Atholl Tweedie

 David Watkins

 

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