Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Conditional Grant of Options

22nd Apr 2025 07:00

RNS Number : 5424F
Kore Potash PLC
22 April 2025
 

22 April 2025

 

KORE POTASH PLC

("Kore Potash" or the "Company")

Conditional 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 conditional grant of options over a total of 6,000,000 new ordinary shares of US$0.001 each in the Company ("new Ordinary Shares") exercisable at a price of 1.93 pence per new Ordinary Share being the market closing price on 17 April 2025. The 6,000,000 options comprise of 2,000,000 to the Company's Non-Executive Chairman, Mr David Hathorn, 2,000,000 to the Company's Non-Executive Director, Mr David Netherway and 2,000,000 to the Company's Non-Executive Director, Mr Jonathan Trollip, pursuant to the board decision to award certain non-executive directors for the deferred directors' fees and subject to shareholder approval at the upcoming Annual General Meeting ("AGM"), vesting at the date of the AGM and with a life to expiry of three years from the AGM's date.

 

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

Emily Moss

 

Tel: +44 (0) 20 7920 3150

SP Angel Corporate Finance - Nomad and 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 (63) 482 3802

 

 

END

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.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.
 
END
 
 
MSCSFIFMWEISEDL

Related Shares:

Kore Potash
FTSE 100 Latest
Value8,414.36
Change11.18