National Storage Mechanism | Additional information
RNS Number : 8687S
Kore Potash PLC
29 July 2025
 

 

Text Description automatically generated 29 July 2025

  Kore Potash  Plc

(" Kore Potash " or " the Company ")

Issue of CDI's under Cleansing Prospectus


Kore Potash (AIM: KP2, ASX: KP2, JSE: KP2, A2X: KP2), the potash development company with 97% ownership of the Kola Potash Project ("Kola" or the "Kola Project") and Dougou Extension ("DX") Potash Project in the Sintoukola Basin, located in the Republic of Congo ("RoC"), refers to the offer to certain investors to apply for up to 500 CDIs in the capital of the Company at an issue price of AUD0.0543 per CDI as announced in its Cleansing Prospectus dated 22 November 2024 ("Offer")(as extended to 31 August 2025 ("Closing Date") via announcements dated 30 January 2025, 25 March 2025 and 29 May 2025).

 

Kore Potash advises that the Directors have resolved to issue 500 CDIs (each CDI being an equivalent to one ordinary share in the capital of the Company) and to close the Offer following Admission, as set out below, unless otherwise advised to the market.

 

As set out in the Cleansing Prospectus, the primary purpose of the Cleansing Prospectus is to remove any trading restrictions on the sale of any securities issued by the Company without disclosure under Chapter 6D of the Corporations Act 2001 (Cth) prior to the Closing Date.

Admission and Total Voting Rights

Application will be made to the London Stock Exchange for the 500 New Ordinary Shares which are being issued pursuant to the Offer to be admitted to trading on AIM and application has also been made for such shares to be admitted to trading on JSE Limited and ASX (" Admission ").  It is expected that Admission to the AIM market of the London Stock Exchange and the JSE Limited will take place at 08:00 on 1 August 2025.

Application

Following Admission and the issue of the 500 New Ordinary Shares, the Company's issued share capital will consists of 4,856,249,499 Ordinary Shares. Accordingly, following Admission the total number of voting rights in the Company will be 4,856,249,499. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Authorisation and Additional Information

This announcement was authorised by the Board of Kore Potash plc.

 

ENDS

 

 

 

For further information, please visit www.korepotash.com or contact:

 

 

Kore Potash

André Baya, CEO
Andrey Maruta, CFO

Tel: +44 (0) 20 3963 1776

Tavistock Communications

Emily Moss
Nick Elwes

Josephine Clerkin

Tel: +44 (0) 20 7920 3150

SP Angel Corporate Finance- Nomad and Broker
Ewan Leggat

Charlie Bouverat

Tel: +44 (0) 20 7470 0470

Shore Capital- Joint Broker
Toby Gibbs

James Thomas

Tel: +44 (0) 20 7408 4050

Questco Corporate Advisory- JSE Sponsor
Doné Hattingh

Tel: +27 63 482 3802

 

 

 

 

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