Last checked at 15 Apr 2019 09:41
15 April 2019
Kore Potash Plc
("Kore Potash" or the "Company")
Performance Rights
Kore Potash advises that in line with the Admission Document the Company has issued Performance Rights to certain Non-Executive directors as set out below.
The Performance Rights unconditionally vested on 29 March 2019 - the first anniversary of admission to trading on AIM ("Admission").
David Hathorn | 500,000 |
Jonathan Trollip | 250,000 |
Leonard Math | 250,000 |
David Netherway | 250,000 |
Timothy Keating | 250,000 |
In order to subscribe for shares in respect of the vested performance rights each Non-Executive director 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 the directors' behalf.
This represents the first of three tranches of Performance Rights, the second and third of which will unconditionally vest on the second and third anniversaries of Admission respectively, in equal number to those that vested in this tranche.
Please see below notifications of transaction by Person Discharging Managerial Responsibilities ("PDMR") related to the vesting.
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 Martin Davison James Asensio
| Tel: +44 (0) 20 7523 4600 |
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | David Hathorn |
2 | Reason for the notification | |
a) | Position/status | PDMR |
b) | Initial notification/Amendment | Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Kore Potash Plc |
b) | LEI | 213800NWX7EHG4UVC107 |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument
| Ordinary Shares of US$0.001 each |
Identification code | GB00BYP2QJ94 | |
b) | Nature of the transaction | Conversion of Performance Rights |
c) | Price(s) and volume(s)
| Price: US$0.001 Volume: 500,000 |
d) | Aggregated information
| Aggregated volume: N/A Price: N/A |
e) | Date of the transaction | 29 March 2019 |
f) | Place of the transaction | Outside a trading venue |
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Jonathan Trollip |
2 | Reason for the notification | |
a) | Position/status | PDMR |
b) | Initial notification/Amendment | Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Kore Potash Plc |
b) | LEI | 213800NWX7EHG4UVC107 |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument
| Ordinary Shares of US$0.001 each |
Identification code | GB00BYP2QJ94 | |
b) | Nature of the transaction | Conversion of Performance Rights |
c) | Price(s) and volume(s)
| Price: US$0.001 Volume: 250,000 |
d) | Aggregated information
| Aggregated volume: N/A Price: N/A |
e) | Date of the transaction | 29 March 2019 |
f) | Place of the transaction | Outside a trading venue |
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Leonard Math |
2 | Reason for the notification | |
a) | Position/status | PDMR |
b) | Initial notification/Amendment | Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Kore Potash Plc |
b) | LEI | 213800NWX7EHG4UVC107 |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument
| Ordinary Shares of US$0.001 each |
Identification code | GB00BYP2QJ94 | |
b) | Nature of the transaction | Conversion of Performance Rights |
c) | Price(s) and volume(s)
| Price: US$0.001 Volume: 250,000 |
d) | Aggregated information
| Aggregated volume: N/A Price: N/A |
e) | Date of the transaction | 29 March 2019 |
f) | Place of the transaction | Outside a trading venue |
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | David Netherway |
2 | Reason for the notification | |
a) | Position/status | PDMR |
b) | Initial notification/Amendment | Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Kore Potash Plc |
b) | LEI | 213800NWX7EHG4UVC107 |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument
| Ordinary Shares of US$0.001 each |
Identification code | GB00BYP2QJ94 | |
b) | Nature of the transaction | Conversion of Performance Rights |
c) | Price(s) and volume(s)
| Price: US$0.001 Volume: 250,000 |
d) | Aggregated information
| Aggregated volume: N/A Price: N/A |
e) | Date of the transaction | 29 March 2019 |
f) | Place of the transaction | Outside a trading venue |
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Timothy Keating |
2 | Reason for the notification | |
a) | Position/status | PDMR |
b) | Initial notification/Amendment | Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Kore Potash Plc |
b) | LEI | 213800NWX7EHG4UVC107 |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument
| Ordinary Shares of US$0.001 each |
Identification code | GB00BYP2QJ94 | |
b) | Nature of the transaction | Conversion of Performance Rights |
c) | Price(s) and volume(s)
| Price: US$0.001 Volume: 250,000 |
d) | Aggregated information
| Aggregated volume: N/A Price: N/A |
e) | Date of the transaction | 29 March 2019 |
f) | Place of the transaction | Outside a trading venue |