11 Aug 2021 07:00
11 August 2021 | AIM/ASX Code: SO4
|
SALT LAKE POTASH LIMITED ISSUE OF PLACEMENT SHARES TO DIRECTORS |
Salt Lake Potash Limited ("SO4" or the "Company") is pleased to announce that it has now completed the issue to Directors of 2,805,000 ordinary shares of the Company of no par value ("Ordinary Shares") at A$0.35 per share, being Tranche 2 of the Placement originally announced on 24 May 2021, following shareholder approval at a General Meeting held on 13 July 2021.
Directors' interests
Shares were issued as follows:
Number of Ordinary Shares issued | Total Number of Ordinary Shares following issue | Percentage of enlarged issued share capital | |
Ian Middlemas | 2,500,000 | 22,500,000 | 2.76% |
Tony Swiericzuk | 250,000 | 5,454,470 | 0.67% |
Peter Thomas | 55,000 | 300,000 | 0.04% |
Mr Swiericzuk also holds an indirect interest in 5 million unlisted options and 5,879,377 performance rights. Mr Thomas holds an interest in 500,000 unlisted options.
The Notifications below, made in accordance with the requirements of the UK Market Abuse Regulation provide additional information.
Settlement and dealings
Application has been made to the AIM Market of the London Stock Exchange ("AIM") for the admission of the 2,805,000 Ordinary Shares, which rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on AIM ("Admission"), with Admission expected to take place on or around 13 August 2021.
Total Voting Rights
For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules (DTRs), following Admission SO4 will have 816,475,721 Ordinary Shares in issue with voting rights attached. The Company holds no shares in treasury. This figure of 816,475,721 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 to their interest in the Company, under the ASX Listing Rules or the DTRs.
For further information please visit www.so4.com.au or contact:
Tony Swierizcuk / Richard Knights | Salt Lake Potash Limited | Tel: +61 8 6559 5800 |
Colin Aaronson / Lukas Girzadas | Grant Thornton UK LLP (Nominated Adviser) | Tel: +44 (0) 20 7383 5100 |
Derrick Lee / Peter Lynch | Cenkos Securities plc (Broker) | Tel: +44 (0) 131 220 6939 |
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Arredo Pty Ltd | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Arredo Pty Ltd is a company associated with Ian Middlemas, Chairman | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Salt Lake Potash Limited | |||
b)
| LEI
| 213800ZYZHFUDQ784B24 | |||
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 no par value | |||
Identification code | AU000000SO44 | ||||
b)
| Nature of the transaction
| Subscription for cash in a placement by the Company | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
A$0.35 | 2,500,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | N/A - single transaction | ||||
- Price | |||||
e) | Date of the transaction | 10 August 2021 | |||
f) | Place of the transaction | Off market transaction | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Mr Tony James Swiericzuk and Ms Beverley Jean Eaton Swiericzuk | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Tony Swierczuk is Chief Executive Officer | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Salt Lake Potash Limited | |||
b)
| LEI
| 213800ZYZHFUDQ784B24 | |||
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 no par value | |||
Identification code | AU000000SO44 | ||||
b)
| Nature of the transaction
| Subscription for cash in a placement by the Company | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
A$0.35 | 250,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | N/A - single transaction | ||||
- Price | |||||
e) | Date of the transaction | 10 August 2021 | |||
f) | Place of the transaction | Off market transaction | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Peter Thomas | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Non-Executive Director | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Salt Lake Potash Limited | |||
b)
| LEI
| 213800ZYZHFUDQ784B24 | |||
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 no par value | |||
Identification code | AU000000SO44 | ||||
b)
| Nature of the transaction
| Subscription for cash in a placement by the Company | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
A$0.35 | 55,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | N/A - single transaction | ||||
- Price | |||||
e) | Date of the transaction | 10 August 2021 | |||
f) | Place of the transaction | Off market transaction | |||