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)
2)
| ||||||||
| d) | Aggregated information | 1)
2)
| ||||||||
| 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 |
END
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
