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.
This announcement was authorised by the Board of Kore Potash plc.
Kore Potash André Baya, CEO |
Tel: +44 (0) 20 3963 1776 |
Tavistock Communications Emily Moss Josephine Clerkin |
Tel: +44 (0) 20 7920 3150 |
SP Angel Corporate Finance- Nomad and Broker Charlie Bouverat |
Tel: +44 (0) 20 7470 0470 |
Shore Capital- Joint Broker James Thomas |
Tel: +44 (0) 20 7408 4050 |
Questco Corporate Advisory- JSE Sponsor |
Tel: +27 63 482 3802 |