11 December 2023
Kore Potash Plc
("Kore Potash" or the "Company")
Management changes
Kore Potash, 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 that the acting Chief Financial Officer ("CFO") Amanda Farris has resigned, and that Andrey Maruta has been appointed as CFO (non-board) with effect from 11 December 2023.
Andrey is a Chartered Certified Accountant, with over 25 years' experience in the mining industry including as CFO at Petropavlovsk Plc, which had a premium listing on the LSE. Andrey has also worked in the audit function at accountancy firm Moore Stephens International in the UK and internationally. Mr Maruta will report directly to the CEO and is not joining the Company's board at this stage.
Andrey was previously CFO of Kore Potash from August 2019 until June of 2021 when he left for another role within the mining industry. The board is delighted to have Andrey back.
Ms Farris will remain available for a brief period to facilitate a smooth hand over. The board would like to express their gratitude to Ms Farris for her invaluable contribution to Kore Potash.
Mr Maruta currently holds 133,334 ordinary shares of US$0.001 each in the Company.
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 of Kore Potash.
ENDS
For further information, please visit www.korepotash.com or contact:
| Kore Potash David Hathorn - Chairman & Interim CEO | Tel: +27 84 603 6238 |
| Tavistock Communications Nick Elwes Adam Baynes | Tel: +44 (0) 20 7920 3150 |
| SP Angel Corporate Finance- Nomad and Joint Broker Ewan Leggat Charlie Bouverat | 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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