Kore Potash PLC Share News (KP2)

Kore Potash PLC Information

Share Price Information for Kore Potash PLC (KP2)

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3.05 0.00 (0.00%)

Bid:

2.90

Ask:

3.20

Spread: 0.30 (10.345%)

Market Cap: £157.87m

Last checked at -

Intraday Kore Potash PLC Share Chart

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IN BRIEF: Kore Potash Chair David Hathorn to subscribe for new shares

Wed, 02nd Apr 2025 08:03

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Chair David Hathorn will subscribe for new shares at a price of 1.7 pence each for USD500,000 or around GBP380,000 via two separate trusts - Belle Terre Trust and Stapleford Trust. Hathorn's share subscription comes after Kore said on March 21 it had raised around USD10.1 million through a placing and subscription of new shares at 1.7 pence each to support development at its Kola potash project in the Republic of Congo. Hathorn owns 373.1 million shares or 7.7% in Kore.

On Monday this week, Kore said it sought to raise funds in the fourth quarter of 2025 for its working capital needs, while the Kola potash project. Kore is waiting for the Summit Consortium to finalise the non-binding financing term sheet for the Kola potash project by mid-April or before the end of this month. It said late in February capital cost on a signed fixed price engineering, procurement & construction contract amounted to USD2.07 billion.

Stock price in London: 1.86 pence

12-month change: multiplied from 0.50p on April 3, 2024

Stock price in Johannesburg: 45 rand cents

12-month change: multiplied from 14 cents on April 3, 2024

By Artwell Dlamini, Alliance News reporter

Comments and questions to newsroom@alliancenews.com