REG - Salt Lake Potash Ltd - Appointment of Voluntary Administrators

Salt Lake PotashAnnouncement

20/10/2021 07:05

RNS Number : 6418P
  
Salt Lake Potash Limited
  
20 October 2021
  
 





20 October 2021


AIM/ASX Code: SO4
 




 




SALT LAKE POTASH LIMITED
APPOINTMENT OF VOLUNTARY ADMINISTRATORS




 
On 20 October 2021 the directors of Salt Lake Potash Limited ("SO4" or the "Company") resolved that it, together with other companies as set out below (the "Companies") were insolvent or likely to become insolvent at some future time and that administrators should be appointed to the Companies.
The directors of the Companies further resolved that Martin Jones, Thomas Birch, Hayden White of KPMG Restructuring be appointed as Voluntary Administrators of the Companies pursuant to Section 436A of the Corporations Act 2001 (Cth).
The appointments of the Administrators followed ongoing discussions between the Companies, the Companies secured creditors and other key stakeholders.
A further update in respect of the Companies operations and the restructure / recapitalisation process will be released to the market in due course.
The contact details of the Voluntary Administrators are:
KPMG

Level 8, 235 St Georges Terrace

Perth WA 6000
Tel:   +61 8 9263 7171
E-mail: au-fmperreception@kpmg.com.au
For all media enquiries please call Sarah Belin +61 2 9295 3935
 




 


 




The Companies


ACN




Salt Lake Potash Limited


117 085 748




Australia Salt Lake Potash Pty Ltd


164 369 420




Irve Holdings Pty Ltd


633 114 619




Two Lake Holdings Pty Ltd


633 114 637




SO4 Fertiliser Holdings Pty Ltd


633 114 628




Piper Preston Pty Ltd


142 962 409




Irve Developments Pty Ltd


634 354 215




Two Lake Developments Pty Ltd


634 354 233




SO4 Fertiliser Developments Pty Ltd


634 354 224




 
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.
 
 
 
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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