REG - Salt Lake Potash Ltd - Issue of Shares - Director/PDMR Shareholding

Salt Lake PotashAnnouncement

01/09/2020 07:40

RNS Number : 6318X
  
Salt Lake Potash Limited
  
01 September 2020
  
 




1 September 2020
 


AIM/ASX Code: SO4
 



 



SALT LAKE POTASH LIMITED



 
Not for release to US wire services or distribution in the United States
SHARES ISSUED UNDER RETAIL OFFER 
DIRECTORS' SUBSCRIPTION
Salt Lake Potash Limited (SO4 or the Company) advises that following its announcement on 28 August 2020, it has today issued 54,991,200 fully paid ordinary shares (Shares) at an issue price of A$0.50 per Share under the retail entitlement offer announced by the Company on 5 August 2020
The new shares are expected to be admitted to trading on AIM at 8:00am on 2 September 2020.
Directors' subscription
As announced on 28 August 2020, the following directors subscribed for shares under the retail entitlement offer:




Name


Existing Ordinary Shares


Ordinary Shares subscribed for 


Resultant holding


Percentage of voting rights





Matthew Bungey


1,394,075


100,000 


1,494,075


0.27%




Mark Pearce


4,050,000


400,000


4,450,000


0.79%




Bryn Jones


50,000


15,625


65,625


0.01%



 
The Notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide additional information on the above subscriptions by directors and on subscriptions by other members of the Company's senior management. 
 
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.
Not for release to US wire services or distribution in the United States.
This announcement has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws.
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, 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 


213800WAVVOPS85N2205




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 pro-rata non-renounceable entitlement offer by the Company.




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)
















A$0.50


100,000






























d) 
 


Aggregated information 








- Aggregated volume


Aggregate volume: 100,000
Aggregate price: 50 Australian cents
Aggregate total: A$50,000




- Price








e)


Date of the transaction 


1 September 2020




f) 


Place of the transaction 


Off market transaction



 
 



1 


Details of the person discharging managerial responsibilities / person closely associated 




a)


Name 


Mark Pearce 




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 


213800WAVVOPS85N2205




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 pro-rata non-renounceable entitlement offer by the Company.




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)
















A$0.50


400,000








d) 
 


Aggregated information 








- Aggregated volume


Aggregate volume: 400,000
Aggregate price: 50 Australian cents
Aggregate total: A$200,000




- Price








e) 


Date of the transaction 


1 September 2020




f) 


Place of the transaction 


Off market transaction



 



1 


Details of the person discharging managerial responsibilities / person closely associated 




a)


Name 


Bryn Jones




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 


213800WAVVOPS85N2205




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 pro-rata non-renounceable entitlement offer by the Company.




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)
















A$0.50


15,625








d) 
 


Aggregated information 








- Aggregated volume


Aggregate volume: 15,625
Aggregate price: 50 Australian cents
Aggregate total: A$7,812.50




- Price








e) 


Date of the transaction 


1 September 2020




f) 


Place of the transaction 


Off market transaction



 



1 


Details of the person discharging managerial responsibilities / person closely associated 




a)


Name 


Shaun Day




2


Reason for the notification 




a)


Position/status 


Chief Financial 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 


213800WAVVOPS85N2205




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 pro-rata non-renounceable entitlement offer by the Company.




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)
















A$0.50


301,259








d) 
 


Aggregated information 








- Aggregated volume


Aggregate volume: 301,259
Aggregate price: 50 Australian cents
Aggregate total: A$150,629.50




- Price








e) 


Date of the transaction 


1 September 2020




f) 


Place of the transaction 


Off market transaction



 



1 


Details of the person discharging managerial responsibilities / person closely associated 




a)


Name 


Clint McGhie




2


Reason for the notification 




a)


Position/status 


Company Secretary




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 


213800WAVVOPS85N2205




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 pro-rata non-renounceable entitlement offer by the Company.




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)
















A$0.50


20,000








d) 
 


Aggregated information 








- Aggregated volume


Aggregate volume: 20,000
Aggregate price: 50 Australian cents
Aggregate total: A$10,000




- Price








e) 


Date of the transaction 


1 September 2020




f) 


Place of the transaction 


Off market transaction



 

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