REG - Salt Lake Potash Ltd - Director and Other Shareholdings

Salt Lake PotashAnnouncement

29/09/2020 11:45

RNS Number : 4517A
  
Salt Lake Potash Limited
  
29 September 2020
  
 





29 September 2020
 


AIM/ASX Code: SO4
 




 




SALT LAKE POTASH LIMITED




 
Not for release to US wire services or distribution in the United States
ISSUE OF SECURITES
Salt Lake Potash Limited (SO4 or the Company) advises that following its announcement on 25 September 2020, it has today issued 22,592,223 fully paid ordinary shares (Shares) as follows:
§ 22,222,223 new Shares at a conversion price of A$0.45 per Share on conversion of the convertible notes issued to Equatorial Resources Limited (as announced by the Company on 2 July 2020); and
§ 370,000 to a nominee of Mr Matthew Bungey, a director of the Company, at a price of A$0.50 per new Share (as announced by the Company on 14 August 2020).
The new shares have been admitted to trading on AIM today.
Following Shareholder approval on 23 September 2020, the Company has also issued 15,000,000 unlisted options with an exercise price of A$0.564 each and expiring 28 September 2024.
Directors' interest
Following the issue of Shares, Mr Bungey has an interest in 1,864,075 Shares, representing 0.32% of the total voting rights on issue.
The Notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides additional information. 
Holdings in Company
The Company was notified on 29 September 2020, via the filing of a Form 603 - Notice of Initial Substantial Holder with the ASX, that Equatorial Resources Limited has a relevant interest in 34,222,223 fully paid ordinary shares (representing 5.86% per cent of the issued ordinary share capital of the Company).
 
 
For further information please visit https://www.so4.com.au/  or contact:
 




Tony Swiericzuk / Richard Knights


Salt Lake Potash Limited


Tel: +61 8 6559 5800




Colin Aaronson / Seamus Fricker


Grant Thornton UK LLP (Nominated Adviser)


Tel: +44 (0) 20 7383 5100




Derrick Lee / Peter Lynch


Cenkos Securities plc (Joint Broker)


Tel: +44 (0) 131 220 6939




Rupert Fane / Ernest Bell


Hannam & Partners (Joint Broker)


Tel: +44 (0) 20 7907 8500




 
This announcement has been authorised for release by the Company Secretary, Mr Clint McGhie.
Forward Looking Statements
This announcement may include forward-looking statements. These forward-looking statements are based on Salt Lake Potash Limited's expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Salt Lake Potash Limited, which could cause actual results to differ materially from such statements. Salt Lake Potash Limited makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement save where required by law or regulation, to reflect the circumstances or events after the date of that announcement.
 
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
 




1 


Details of the person discharging managerial responsibilities / person closely associated 




a) 


Name 


Matthew Bungey




2 


Reason for the notification 




a) 


Position/status 


Non-Executive Director




b) 


Initial notification /Amendment 


Initial notification




3 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 




a) 


Name 


Salt Lake Potash Limited




b) 


LEI 


213800ZYZHFUDQ784B24




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 


Ordinary shares of  no par value




Identification code 


AU000000SO44




b) 


Nature of the transaction 


Issue of shares in lieu of accrued consulting fees




c) 
 


Price(s) and volume(s) 


 


 


 


 




 


 


Price(s)


Volume(s)


 




 


 


A$0.50


370,000


 




 


 


 


 


 




d) 
 


Aggregated information 


 




- Aggregated volume


Aggregate volume: 370,000
Aggregate price: 50 Australian cents
Aggregate total: A$185,000




- Price


 




e)


Date of the transaction 


29 September 2020




f) 


Place of the transaction 


Off market transaction




 

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