Last checked at 21 Jun 2019 07:00
21 June 2019
Kore Potash Plc
("Kore Potash" or the "Company")
Performance Rights
Kore Potash advises that in line with the Admission Document dated 26 March 2018, Leonard Math is entitled to 250,000 Performance Rights which would unconditionally vest on 29 March 2020 - the second anniversary of admission to trading on AIM ("Admission").
However, as Leonard Math will not seek re-election at the Annual General Meeting to be held on 28 June 2019, he will cease to be a director with effect from the conclusion of that meeting. Accordingly, the Company has granted 62,500 Performance Rights to Leonard Math on a pro-rata basis for the period April to June 2019, which will vest at the conclusion of the Annual General Meeting on 28 June 2019.
In order to subscribe for shares in respect of the vested performance rights he will be required to pay the aggregate of US$0.001 per share and any taxes for which the Company is required to account to any taxing authority on his behalf.
ENDS
For further information, please visit www.korepotash.com or contact:
Kore Potash Brad Sampson - CEO
| Tel: +27 11 469 9140 | |
Tavistock Communications Jos Simson Edward Lee
| Tel: +44 (0) 20 7920 3150 | |
Canaccord Genuity - Nomad and Broker James Asensio Henry Fitzgerald-O'Connor
| Tel: +44 (0) 20 7523 4600 |