12th Nov 2019 14:22
12 November 2019
| AIM/ASX Code: SO4
|
SALT LAKE POTASH LIMITED Directors' shareholdings
|
As announced on 11 November 2019, following the Company's Annual General Meeting, shares and performance rights were issued to directors as follows:
·; 266,258 ordinary shares of no par value ("Ordinary Shares") to the CEO, Mr Tony Swiericzuk (following receipt of shareholder approval) in lieu of vested performance rights that the Company was unable to convert prior to expiry.
·; 288,324 performance rights to the CEO, Mr Tony Swiericzuk (following receipt of shareholder approval) vesting on 30 June 2020 and expiring 31 December 2020.
·; 50,000 Ordinary Shares on conversion of performance rights to director, Mr Bryn Jones.
·; 50,000 Ordinary Shares on conversion of performance rights to director, Mr Mark Pearce.
Following the issue of these securities, the directors will have the following interests in shares:
Number of shares | Percentage of issued share capital | |
Tony Swiericzuk | 1,218,639 | 0.47% |
Mark Pearce | 4,050,000 | 1.58% |
Bryn Jones | 50,000 | 0.02% |
Mr Swiericzuk also holds an interest in 5 million incentive options and 7,288,324 performance rights.
Mr Pearce also holds an interest in 100,000 performance rights.
Mr Jones also holds an interest in 100,000 performance rights.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further details.
For further information please visit www.so4.com.au or contact:
Clint McGhie | Salt Lake Potash Limited | Tel: +61 8 6559 5800 |
Colin Aaronson/Richard Tonthat/Ben Roberts | Grant Thornton UK LLP (Nominated Adviser) | Tel: +44 (0) 20 7383 5100 |
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Tony Swiericzuk
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Managing Director / CEO | |||
b)
| Initial notification /Amendment
| Initial notification | |||
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 financial instrument, type of instrument | Ordinary shares of no par value | |||
Identification code | AU000000SO44 | ||||
b)
| Nature of the transaction
| Off market transaction (issue of shares in lieu of vested performance rights that were unable to be exercised before expiry, following receipt of Shareholder approval). | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
0.00 | 266,258 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | Aggregate volume: 266,258 Aggregate price: 0.00 Aggregate total: AUD 0.00 | ||||
- Price | |||||
e)
| Date of the transaction
| 11 November 2019 | |||
f)
| Place of the transaction
| Off market transaction | |||
a)
| Description of the financial instrument, type of instrument | Performance Rights | |||
Identification code | Performance Rights | ||||
b)
| Nature of the transaction
| Off Market Transaction (issue of performance rights following Shareholder approval in accordance with remuneration entitlements). | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
0.00 | 288,324 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | Aggregate volume: 288,324 Aggregate price: 0.00 Aggregate total: AUD 0.00 | ||||
- Price | |||||
e)
| Date of the transaction
| 11 November 2019 | |||
f)
| Place of the transaction
| Off market transaction | |||
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Bryn Jones
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Director | |||
b)
| Initial notification /Amendment
| Initial notification | |||
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 financial instrument, type of instrument | Ordinary shares of no par value | |||
Identification code | AU000000SO44 | ||||
b)
| Nature of the transaction
| Off market transaction (conversion of performance rights) | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
0.00 | 50,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | Aggregate volume: 50,000 Aggregate price: 0.00 Aggregate total: AUD 0.00 | ||||
- Price | |||||
e)
| Date of the transaction
| 11 November 2019 | |||
f)
| Place of the transaction
| Off market transaction | |||
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Mark Pearce
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Director | |||
b)
| Initial notification /Amendment
| Initial notification | |||
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 financial instrument, type of instrument | Ordinary shares of no par value | |||
Identification code | AU000000SO44 | ||||
b)
| Nature of the transaction
| Off market transaction (conversion of performance rights) | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
0.00 | 50,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | Aggregate volume: 50,000 Aggregate price: 0.00 Aggregate total: AUD 0.00 | ||||
- Price | |||||
e)
| Date of the transaction
| 11 November 2019 | |||
f)
| Place of the transaction
| Off market transaction | |||
Related Shares:
SO4.L