REG - Salt Lake Potash Ltd - Appointment of Receivers and Managers

Salt Lake PotashAnnouncement

20/10/2021 07:25

RNS Number : 6429P
  
Salt Lake Potash Limited
  
20 October 2021
  
 





20 October 2021


AIM/ASX Code: SO4
 




 




SALT LAKE POTASH LIMITED
APPOINTMENT OF RECEIVERS AND MANAGERS




 
Salt Lake Potash Limited (Administrators Appointed) (Receivers and Managers Appointed) ACN 117 085 748 and its subsidiaries outlined in Schedule 1 ('the Group')
Notice is hereby given that Richard Tucker and Craig Shepard of KordaMentha were appointed as Receivers and Managers of each company in the Group on 20 October 2021 pursuant to security  interests duly registered on the Personal Property Securities Register.
Their appointment as Receivers and Managers of the Group followed the appointment of Martin Jones, Tom Birch and Hayden White of KPMG as Voluntary Administrators of each company in the Group earlier on 20 October 2021.
The effect of the appointment is that the Receivers and Managers are now in control of the Group's assets, undertakings and operations. The Receivers and Managers are conducting an urgent assessment of the Company's financial position as operations continue as usual.
 
The Receivers and Managers will commence a process to market the Company and its assets for sale and recapitalisation opportunities in the coming weeks. Interested parties should contact the Receivers   and Managers to lodge an expression of interest.
The contact details of the Receivers and Managers are:
 
KordaMentha
Level 10, 40 St Georges Terrace
Perth WA 6000
Tel: +61 8 9220 9333
Email: saltlakepotash@kordamentha.com
 
Media should contact Mike Smith from Inside PR 0411 055 306.
Shareholder queries should be directed to KPMG. Contract details are: KPMG
235 St Georges Terrace Perth WA 6000
Tel: +61 8 9263 7171
 
The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
 




Schedule 1
 
Company (all Administrators appointed) (all Receivers and Managers appointed)


ACN




SO4 Fertiliser Holdings Pty Ltd


633 114 628




SO4 Fertiliser Developments Pty Ltd


634 354 224




Two Lake Holdings Pty Ltd


633 114 637




Two Lake Developments Pty Ltd


634 354 233




Piper Preston Pty. Ltd.


142 962 409




Australia Salt Lake Potash Pty. Ltd.


164 369 420




Irve Holdings Pty Ltd


633 114 619




Irve Developments Pty Ltd


634 354 215




 
 
 
For further information, please contact:
 




KPMG


Tel:   +61 8 9263 7171
au-fmperreception@kpmg.com.au




Grant Thornton UK LLP (Nominated Adviser)
Colin Aaronson / Lukas Girzadas


Tel: +44 (0) 20 7383 5100




 


 




 


 




 
 

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