14 May 2024
Kore Potash Plc
("Kore Potash" or the
"Company")
Results of General Meeting
Issue of Shares
Kore Potash plc, the potash development company with
97% ownership of the Kola and DX Potash Projects in the Sintoukola
Basin, located in the Republic of Congo, is pleased to announce
that the resolutions put to its General Meeting ("GM") held yesterday, 13 May 2024, were
all duly passed on a poll by the requisite majority.
The GM was held, inter alia, to approve the issue of
31,093,883 new ordinary shares of US$0.001 each in the Company
("Ordinary Shares") at
0.38p per Ordinary Share in line with the Company's fundraising
announcements of 22 and 28 March 2024 ("Fundraise"). Application has been made
for the 31,093,883 Ordinary Shares to be admitted to trading, which
is expected to commence on or around 16 May 2024, ("Admission").
David Hathorn, the Chairman of Kore Potash,
participated in the Fundraise for a total of 31,093,883 New
Ordinary Shares for a total value of US$150,000 via two separate
trusts, the Belle Terre Trust and Stapleford Trust. These shares
will be issued under ASX listing rule 10.11.1, having received the
relevant shareholder approvals at yesterday's GM.
On Admission, David Hathorn will hold a beneficial
interest in 368,801,944 Ordinary Shares representing 8.66 per cent
of the issued share capital of the Company.
The following statistics, as detailed in the attached
Annexure A, are provided in respect of each resolution on the
Agenda of Kore Potash plc's GM. Those defined terms not defined
within this announcement will have the same meaning as that set in
the announcements dated 22 and 28 March 2024.
Total voting rights
Following the issue and Admission of the 31,093,883
new Ordinary Shares, the Company's total issued share capital will
consist of 4,260,626,056 Ordinary Shares. No shares are held in
treasury. Accordingly, the total number of voting rights in the
Company will be 4,260,626,056.
The above figure 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 in their interest in, the share capital of the Company under
the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.
Market Abuse Regulation
Market Abuse Regulation (MAR) Disclosure The
information contained within this announcement is deemed by the
Company to constitute inside information as stipulated under the
Market Abuse Regulations (EU) No. 596/2014 which has been
incorporated into UK law by the European Union (Withdrawal) Act
2018. Upon the publication of this announcement via Regulatory
Information Service ('RIS'), this inside information is now
considered to be in the public domain.
The Company will also lodge an Appendix 3G - Notification of issue, conversion or payment up of equity
+securities and Appendix 3Y - Change of Director's Interest
Notice, with the
ASX notifying of
the issues.
This announcement has been approved for release by
the Board. For further information, please visit www.korepotash.com or
contact: