Kore Potash PLC PDMR Grant of Options
15 April 2024 - 4:00PM
RNS Regulatory News
RNS Number : 5100K
Kore Potash PLC
15 April 2024
15 April 2024
KORE POTASH PLC
("Kore
Potash" or the "Company")
PDMR Grant of Options
Kore Potash (AIM: KP2, ASX: KP2, JSE:KP2), the
potash development company with 97% ownership of the Kola and DX
Potash Projects in the Sintoukola Basin, located in the Republic of
Congo, announces the grant of options over 20,000,000 new ordinary
shares of US$0.001 each in the Company ("new Ordinary Shares")
exercisable at a price of 1 pence per new Ordinary Share to the
Company's CEO, Mr André Baya, pursuant to his contract of
employment with the Company, vesting at today's date with a life to
expiry of three years from today's date, exercisable for so long as
Mr Baya remains an employee of the Company.
In addition, the Board has also granted options
over 15,000,000 new Ordinary Shares exercisable at a price of 1
pence per new Ordinary Share to the Company's CFO, Mr Andrey
Maruta. The options have vested on 12 April 2024 with a life to
expiry of three years from today's date, exercisable for so long as
Mr Maruta is an employee of the Company.
Notification of Transaction by Person
Discharging Managerial Responsibilities ("PDMR")
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
1) Mr J. M. André
Baya
2) Mr Andrey
Maruta
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
1) CEO (Non-Board)
2) CFO (Non-Board)
|
|
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
Identification code
|
Grant of options over Ordinary Shares of
US$0.001 each GB00BYP2QJ94
|
|
b)
|
Nature of the transaction
|
Grant of options over ordinary shares of
US$0.001 each in the Company.
|
|
c)
|
Price(s) and volume(s)
|
1)
|
Price
|
Volume
|
|
1 pence
|
20,000,000
|
2)
|
Price
|
Volume
|
|
1 pence
|
15,000,000
|
|
|
d)
|
Aggregated information
|
1)
|
Price
|
Volume
|
|
1 pence
|
20,000,000
|
2)
|
Price
|
Volume
|
|
1 pence
|
15,000,000
|
|
|
e)
|
Date of the transaction
|
1) 15 April 2024
2) 12 April 2024
|
|
f)
|
Place of the transaction
|
Outside a Trading Venue
|
Market Abuse Regulation
Market Abuse Regulation (MAR) Disclosure - 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 which has been
incorporated into UK law by the European Union (Withdrawal) Act
2018. Upon the publication of this announcement via Regulatory
Information Service ("RIS"), this inside information is now
considered to be in the public domain.
This announcement has been approved for release
by the Board.
For further information, please visit
www.korepotash.com or
contact:
|
Kore Potash
David Hathorn - Chairman
André Baya -
CEO
|
|
Tel: +44 (0) 20 3963 1776
|
|
Tavistock Communications
Nick Elwes
Adam Baynes
|
|
Tel: +44 (0) 20 7920 3150
|
|
SP
Angel Corporate Finance - Nomad and
Broker
Ewan Leggat
Charlie Bouverat
Kasia Brzozowska
|
|
Tel: +44 (0) 20 7470 0470
|
|
Shore Capital - Joint
Broker
Toby Gibbs
James Thomas
|
|
Tel: +44 (0) 20 7408 4050
|
|
Questco Corporate Advisory -
JSE Sponsor
Doné Hattingh
|
|
Tel: +27 (11) 011 9205
|
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END
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