KP2 Kore Potash Plc

TIDMKP2

RNS Number : 9553O

Kore Potash PLC

23 May 2018

23 May 2018

Kore Potash plc

("Kore Potash" or the "Company")

Appointment of a Non-Executive Director

Kore Potash plc, the potash development company whose flagship asset is the 97%-owned Sintoukola Potash Project ("Kola" or the "Project"), is pleased to announce the appointment of Mr José Antonio Merino as a Non-Executive Director of the Board nominated by Sociedad Química y Minera de Chile S.A. ("SQM") with immediate effect. José Antonio replaces Pablo Altimiras, whose resignation was announced on 26 April 2018. Further to that announcement, Pablo's resignation from the Board will be effective immediately.

José Antonio, aged 36, joined SQM in 2016 and is currently M&A Director, prior to which he worked at EPG Partners as head of a mining private equity fund, at Asset Chile, a Chilean boutique investment bank, and at Santander Investment. He is a qualified Civil Engineer having graduated from Pontificia Universidad Católica de Chile.

David Hathorn, Non-executive Chairman, said: "I am very pleased to welcome José Antonio to the Board of Kore Potash. The support and investment from SQM has proved invaluable to the Company and we look forward to continued close co-operation as we advance our objective of becoming one of the world's lowest cost potash producers."

There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

ENDS

For further information, please visit www.korepotash.com or contact:

 
 Kore Potash                   Tel: +27 11 469 
  David Hathorn                 9140 
 Tavistock Communications      Tel: +44 (0) 20 
  Jos Simson                    7920 3150 
  Edward Lee 
 Canaccord Genuity - Nomad     Tel: +44 (0) 20 
  and Broker                    7523 4600 
  Martin Davison 
  James Asensio 
 
 

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END

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