REG - Salt Lake Potash Ltd - Issue of Placement Shares to Directors

Salt Lake PotashAnnouncement

11/08/2021 07:05

RNS Number : 2403I
  
Salt Lake Potash Limited
  
11 August 2021
  
 




11 August 2021


AIM/ASX Code: SO4
 



 



SALT LAKE POTASH LIMITED
ISSUE OF PLACEMENT SHARES TO DIRECTORS



Salt Lake Potash Limited ("SO4" or the "Company") is pleased to announce that it has now completed the issue to Directors of 2,805,000 ordinary shares of the Company of no par value ("Ordinary Shares") at A$0.35 per share, being Tranche 2 of the Placement originally announced on 24 May 2021, following shareholder approval at a General Meeting held on 13 July 2021. 
Directors' interests
Shares were issued as follows:
 






Number of Ordinary Shares issued 


Total Number of Ordinary Shares following issue 


Percentage of enlarged issued share capital




Ian Middlemas


2,500,000


22,500,000


2.76%




Tony Swiericzuk


250,000


5,454,470


0.67%




Peter Thomas


55,000


300,000


0.04%



Mr Swiericzuk also holds an indirect interest in 5 million unlisted options and 5,879,377 performance rights. Mr Thomas holds an interest in 500,000 unlisted options.
The Notifications below, made in accordance with the requirements of the UK Market Abuse Regulation provide additional information.
Settlement and dealings
Application has been made to the AIM Market of the London Stock Exchange ("AIM") for the admission of the 2,805,000 Ordinary Shares, which rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on AIM ("Admission"), with Admission expected to take place on or around 13 August 2021.
Total Voting Rights
For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules (DTRs), following Admission SO4 will have 816,475,721 Ordinary Shares in issue with voting rights attached. The Company holds no shares in treasury. This figure of 816,475,721 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the ASX Listing Rules or the DTRs.
 
For further information please visit www.so4.com.au or contact:
 



Tony Swierizcuk / Richard Knights


Salt Lake Potash Limited


Tel: +61 8 6559 5800




Colin Aaronson / Lukas Girzadas


Grant Thornton UK LLP (Nominated Adviser)


Tel: +44 (0) 20 7383 5100




Derrick Lee / Peter Lynch


Cenkos Securities plc (Broker)


Tel: +44 (0) 131 220 6939

















 
 
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 
 


 Arredo Pty Ltd  




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 


Arredo Pty Ltd is a company associated with Ian Middlemas, Chairman




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 
 


Subscription for cash in a placement by the Company




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)
















A$0.35


2,500,000






























d) 
 


Aggregated information 


















- Aggregated volume


N/A - single transaction




- Price




























e) 


Date of the transaction 


10 August 2021




f) 


Place of the transaction 


Off market transaction



 
 
 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 


Mr Tony James Swiericzuk and Ms Beverley Jean Eaton Swiericzuk <Bevton Family A/C>




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 


Tony Swierczuk is Chief Executive Officer




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 
 


Subscription for cash in a placement by the Company




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)
















A$0.35


250,000






























d) 
 


Aggregated information 


















- Aggregated volume


N/A - single transaction




- Price




























e) 


Date of the transaction 


10 August 2021




f) 


Place of the transaction 


Off market transaction



 
 
 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 


Peter Thomas




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 
 


Subscription for cash in a placement by the Company




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)
















A$0.35


55,000






























d) 
 


Aggregated information 


















- Aggregated volume


N/A - single transaction




- Price




























e) 


Date of the transaction 


10 August 2021




f) 


Place of the transaction 


Off market transaction



 
 
 
 

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