TIDMKP2
RNS Number : 8431F
Kore Potash PLC
17 July 2019
17 July 2019
Kore Potash Plc
("Kore Potash" or the "Company")
Results of General Meeting ("GM") and Issue of Shares
Kore Potash plc, the potash development company whose flagship
asset is the 97%-owned Sintoukola Potash Project ("Kola" or the
"Project"), is pleased to announce that the resolutions put to its
GM held earlier today, were duly passed. The resolutions were all
passed on a show of hands.
The GM was held, inter alia, to approve the issue of 646,914,254
new ordinary shares ("Ordinary Shares") in the Company at GBP0.016
per share in line with the Company's announcements of 13 June and
14 June 2019. Accordingly, application has been made for the
Ordinary Shares to be admitted to trading on AIM and the JSE
Securities Exchange on 19 July 2019. These shares will rank pari
passu with the existing ordinary shares currently in issue.
Following this issue, the Company's issues share capital will
consist of 1,509,653,943 ordinary shares of US$0.001. Accordingly,
the total number of voting rights in the Company is 1,509,653,943.
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.
The following statistics, as detailed in the attached Annexure
A, are provided in respect of each motion on the Agenda of Kore
Potash plc's GM.
ENDS
For further information, please visit www.korepotash.com or
contact:
Kore Potash Tel: +27 11 469 9140
Brad Sampson - CEO
Tavistock Communications Tel: +44 (0) 20 7920 3150
Jos Simson
Edward Lee
Canaccord Genuity - Nomad and Tel: +44 (0) 20 7523 4600
Broker
James Asensio
Henry Fitzgerald-O'Connor
Shore Capital - Joint Broker Tel: +44 (0) 20 7408 4050
Jerry Keen
Toby Gibbs
Mark Percy
ANNEXURE A:
In respect to each resolution the total number of votes
exercisable by all validly appointed proxies was as follows:
RESOLUTION TOTAL VOTES FOR DISCRETION AGAINST VOTES WITHHELD
VALIDLY DISCRETION - OTHER
CAST - CHAIRMAN
Resolution 1 - Authority to
allot shares
in connection with the
fundraise 512,082,606 488,308,615 28,384 23,186,355 559,252 1,335,589
------------ ------------ ------------- ----------- ---------- ---------------
Resolution 2 - Authority to
allot shares 511,075,696 486,871,705 28,384 23,186,355 989,252 2,342,499
------------ ------------ ------------- ----------- ---------- ---------------
Resolution 3 - Approval of
securities
issue to non-affiliated
investors in
connection with the fundraise 175,631,382 151,420,381 28,384 23,186,355 996,262 166,072,289
------------ ------------ ------------- ----------- ---------- ---------------
Resolution 4 - Approval of
securities
issue to SQM under the placing 176,931,730 152,491,131 28,384 23,186,355 1,225,860 164,841,941
------------ ------------ ------------- ----------- ---------- ---------------
Resolution 5 - Approval of
securities
issue to SGRF under the placing 176,931,730 152,491,131 28,384 23,186,355 1,225,860 164,841,941
------------ ------------ ------------- ----------- ---------- ---------------
Resolution 6 - Approval of
securities
issue to director under the
subscriptions
- Mr David Hathorn 513,246,964 487,746,915 28,384 23,186,355 2,285,310 101,231
------------ ------------ ------------- ----------- ---------- ---------------
Resolution 7 - Approval of
securities
issue to director under the
subscriptions
- Mr Brad Sampson 513,316,964 487,816,915 28,384 23,186,355 2,285,310 101,231
------------ ------------ ------------- ----------- ---------- ---------------
Resolution 8 - Approval to issue
options
to Brad Sampson 513,316,964 487,821,915 28,384 23,186,355 2,280,310 101,231
------------ ------------ ------------- ----------- ---------- ---------------
Resolution 9 - Approval to issue
shares
to employees 491,441,740 466,039,718 33,384 23,186,355 2,182,283 21,976,455
------------ ------------ ------------- ----------- ---------- ---------------
Resolution 10 - Approval to
issue shares
to Mr David Hathorn in lieu of
cash
payments for director fees 491,461,040 467,456,618 33,384 23,186,355 784,683 21,957,155
------------ ------------ ------------- ----------- ---------- ---------------
Resolution 11 - Approval to
issue shares
to Mr Jonathan Trollip in lieu
of cash
payments for director fees 491,461,040 467,456,618 33,384 23,186,355 784,683 21,957,155
------------ ------------ ------------- ----------- ---------- ---------------
Resolution 12 - Approval to
issue shares
to Mr Timothy Keating in lieu
of cash
payments for director fees 327,726,040 303,721,618 33,384 23,186,355 784,683 185,692,155
------------ ------------ ------------- ----------- ---------- ---------------
Resolution 13 - Approval to
issue shares
to Mr David Netherway in lieu
of cash
payments for director fees 512,082,606 488,308,615 28,384 23,186,355 559,252 1,335,589
------------ ------------ ------------- ----------- ---------- ---------------
Resolution 14 - Approval to
issue shares
to Mr José Antonio Merino
in lieu
of cash payments for director
fees 511,075,696 486,871,705 28,384 23,186,355 989,252 2,342,499
------------ ------------ ------------- ----------- ---------- ---------------
Resolution 15 - Disapplication
of pre-emption
rights in connection with the
fundraise 175,631,382 151,420,381 28,384 23,186,355 996,262 166,072,289
------------ ------------ ------------- ----------- ---------- ---------------
Resolution 16 - Disapplication
of pre-emption
rights 176,931,730 152,491,131 28,384 23,186,355 1,225,860 164,841,941
------------ ------------ ------------- ----------- ---------- ---------------
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END
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