Salt Lake Potash Limited Issue of Performance Rights (7188I)
21 June 2017 - 6:45PM
UK Regulatory
TIDMSO4
RNS Number : 7188I
Salt Lake Potash Limited
21 June 2017
21 June 2017 AIM/ASX Code: SO4
SALT LAKE POTASH LIMITED
Issue of Performance Rights
-----------------------------
Salt Lake Potash Limited ("the Company") advises that it has
today granted 1,000,000 performance rights to a key employee
pursuant to the Salt Lake Potash Limited Performance Rights Plan,
which was approved by shareholders at the Company's Annual General
Meeting ("AGM") on 30 November 2016. The Performance Rights issued
are subject to various performance conditions (including
Pre-Feasibility Study, Definitive Feasibility Study, Project
Construction and Production milestones) to be satisfied prior to
the relevant expiry dates between 30 June 2018 and 30 June
2021.
The individual award to a Person Discharging Managerial
Responsibilities ("PDMR"), which entitles the recipient to acquire
Salt Lake Potash ordinary shares at nil cost, was as follows:
PDMR Number of performance rights granted
Will Longworth 1,000,000
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
For further information please visit www.saltlakepotash.com.au
or contact:
Sam Cordin Salt Lake Potash Limited Tel: +61 8 9322 6322
Colin Aaronson/Richard Tonthat/Daniel Bush Grant Thornton UK LLP (Nominated Adviser) Tel: +44 (0)207 383 5100
Nick Tulloch/Beth McKiernan Cenkos Securities plc (Broker) Tel: +44 (0) 131 220 6939
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- --------------------------------------------------------------------------
a) Name Will Longworth
--- -------------------------- ----------------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------------------
a) Position/status Chief Operating Officer
--- -------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
--- -------------------------- ----------------------------------------------
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 Performance Rights
financial instrument,
type of instrument
Rights when exercised will result
Identification code in the issue of Salt lake Potash
Limited ordinary shares with ISIN
AU000000SO44
--- -------------------------- ----------------------------------------------
b) Nature of the transaction Grant of Performance Rights pursuant
to the Salt Lake Potash Limited Performance
Rights Plan.
--- -------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil (1) 1,000,000
---------- ----------
1. Nil - Performance Rights are part
of remuneration arrangements and
are subject to the achievement of
various performance related milestones
as set out in the notice of Annual
General Meeting held on 30 November
2016.
--- -------------------------- ----------------------------------------------
d) Aggregated information
- Aggregated volume
- Price
--- -------------------------- ----------------------------------------------
e) Date of the transaction 21 June 2017
--- -------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------- ----------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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