20 Oct 2021 07:24
20 October 2021 | AIM/ASX Code: SO4
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SALT LAKE POTASH LIMITED APPOINTMENT OF RECEIVERS AND MANAGERS |
Salt Lake Potash Limited (Administrators Appointed) (Receivers and Managers Appointed) ACN 117 085 748 and its subsidiaries outlined in Schedule 1 ('the Group')
Notice is hereby given that Richard Tucker and Craig Shepard of KordaMentha were appointed as Receivers and Managers of each company in the Group on 20 October 2021 pursuant to security interests duly registered on the Personal Property Securities Register.
Their appointment as Receivers and Managers of the Group followed the appointment of Martin Jones, Tom Birch and Hayden White of KPMG as Voluntary Administrators of each company in the Group earlier on 20 October 2021.
The effect of the appointment is that the Receivers and Managers are now in control of the Group's assets, undertakings and operations. The Receivers and Managers are conducting an urgent assessment of the Company's financial position as operations continue as usual.
The Receivers and Managers will commence a process to market the Company and its assets for sale and recapitalisation opportunities in the coming weeks. Interested parties should contact the Receivers and Managers to lodge an expression of interest.
The contact details of the Receivers and Managers are:
KordaMentha
Level 10, 40 St Georges Terrace
Perth WA 6000
Tel: +61 8 9220 9333
Email: saltlakepotash@kordamentha.com
Media should contact Mike Smith from Inside PR 0411 055 306.
Shareholder queries should be directed to KPMG. Contract details are: KPMG
235 St Georges Terrace Perth WA 6000
Tel: +61 8 9263 7171
The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Schedule 1
Company (all Administrators appointed) (all Receivers and Managers appointed) | ACN |
SO4 Fertiliser Holdings Pty Ltd | 633 114 628 |
SO4 Fertiliser Developments Pty Ltd | 634 354 224 |
Two Lake Holdings Pty Ltd | 633 114 637 |
Two Lake Developments Pty Ltd | 634 354 233 |
Piper Preston Pty. Ltd. | 142 962 409 |
Australia Salt Lake Potash Pty. Ltd. | 164 369 420 |
Irve Holdings Pty Ltd | 633 114 619 |
Irve Developments Pty Ltd | 634 354 215 |
For further information, please contact:
KPMG | Tel: +61 8 9263 7171 au-fmperreception@kpmg.com.au |
Grant Thornton UK LLP (Nominated Adviser) Colin Aaronson / Lukas Girzadas | Tel: +44 (0) 20 7383 5100 |
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