Kore Potash PLC Notice under Section 708A (8306J)
04 April 2018 - 10:55PM
UK Regulatory
TIDMKP2
RNS Number : 8306J
Kore Potash PLC
04 April 2018
4 April 2018
Market Announcements Office
Australian Securities Exchange
Level 40, Central Park
152-158 St Georges Terrace
PERTH WA 6000
Notice under Section 708A(5)(e) of the Corporations Act 2001
(Cth)
Kore Potash plc (ASX: KP2) (Company) refers to the ASX
announcement dated 26 March 2018 in relation to the issue of
83,523,344 new ordinary shares (Shares) in the capital of the
Company (equivalent to 83,523,344 CHESS Depositary Interests
(CDIs)) to existing and new investors at A$0.20 per Share to raise
US$12.89 million (Placement Shares).
The Placement Shares were issued on 29 March 2018 and rank
equally with the Company's existing ordinary shares on issue. On
conversion of the Placement Shares to CDIs, those CDIs will rank
equally with all other CDIs on issue.
The Company also notes the issue of a further 4,315,333 Shares
(equivalent to 4,315,333 CDIs) to Canaccord Genuity Ltd and Rencap
Securities (Pty) Limited at A$0.12 per Share, for a total of
A$517,840, as part of their placing fees for the Placement Shares
(Placing Fee Shares). The Placing Fee Shares were issued under the
Company's existing 15% placement capacity under Listing Rule
7.1.
The Company gives notice under section 708A(5)(e) of the
Corporations Act 2001 (Cth) (Corporations Act) as modified by ASIC
Class Order 14/827 that:
- the Placement Shares and Placing Fee Shares were issued
without disclosure to investors under Part 6D.2 of the Corporations
Act;
- as at the date of this notice, the Company has complied with
section 601CK and section 674 of the Corporations Act; and
- as at the date of this notice, there is no "excluded
information" within the meaning of sections 708A(7) and 708A(8) of
the Corporations Act which is required to be disclosed under
section 708A(6)(e) of the Corporations Act.
Yours faithfully
Kore Potash plc
Sean Bennett
CEO and Managing Director
This information is provided by RNS
The company news service from the London Stock Exchange
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