15th Feb 2021 09:01
Announcement | Monday, 15 February 2021 |
Issue of shares and unlisted options
Danakali Limited (ASX: DNK / LSE: DNK) (Danakali, or the Company) confirms that it has issued 947,041 new fully paid shares following the exercise of unlisted options at an exercise price of $0.00 expiring 31 December 2021 (Shares).
In addition, the Company has issued 250,000 unlisted options at an exercise price of $0.501 expiring 3 December 2023 (Options) (refer Appendix 3B released 3 October 2020).
A completed Appendix 2A has been lodged together with this announcement and is available for download at: https://www.asx.com.au/asxpdf/20210215/pdf/44snzyj78jtbm5.pdf.
Secondary Trading Exemption - s708A Notice
Danakali gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (Act) of the following:
· The shares were issued without disclosure under Part 6D 2 of the Act;
· This notice is being given under section 708A(5)(e) of the Act;
· As at the date of this notice, the Company has complied with:
― The provisions of Chapter 2M of the Act as they apply to the Company; and
― Section 674 of the Act; and
· As at the date of this notice, there is no information:
― That has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and
― That investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:
o The assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
o The rights and liabilities attaching to the shares.
Total voting rights
The Company advises that it has, conditional on admission, allotted and issued 947,041 new fully paid ordinary shares of no par value in the Company (Ordinary Shares).
Application has been made to the UK Listing Authority for the admission of those 947,041 new Ordinary Shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's Main Market for listed securities and it is expected that dealings will commence on 18 February 2021. The new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares in issue.
Following admission, the Company will have in issue a total of 319,688,347 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury.
Therefore, the total number of voting rights in the Company is 319,688,347 which may be used by shareholders or other persons as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Notification of PDMR transaction
The Company has received notification from persons discharging managerial responsibilities (PDMR) and persons closely associated (PCA) with a PDMR with respect to the issue of 947,041 Shares and 250,000 Options issued.
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name | Niels Wage | ||||
2
| Reason for the notification | |||||
a)
| Position/status
| PDMR (Chief Executive Officer) | ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name | Danakali Limited | ||||
b)
| LEI | 5493004SQ5E5Q6VRT472
| ||||
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 | Fully paid ordinary shares
| ||||
Identification code | AU000000DNK9 | |||||
b)
| Nature of the transaction
| Shares acquired upon exercise of unlisted options exercisable at $0.00 expiring 31 December 2021
| ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price - Total |
N/A | ||||
e)
| Date of the transaction
| 12 February 2021 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name | Melissa Rose Tarrant | ||||
2
| Reason for the notification | |||||
a)
| Position/status
| PCA of PDMR Stuart Tarrant (Chief Financial Officer) | ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name | Danakali Limited | ||||
b)
| LEI | 5493004SQ5E5Q6VRT472
| ||||
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 | Fully paid ordinary shares
| ||||
Identification code | AU000000DNK9 | |||||
b)
| Nature of the transaction
| Shares acquired upon exercise of unlisted options exercisable at $0.00 expiring 31 December 2021
| ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price - Total
|
N/A | ||||
e)
| Date of the transaction
| 12 February 2021 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name | Tony Harrington | ||||
2
| Reason for the notification | |||||
a)
| Position/status
| PDMR (Project Director) | ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name | Danakali Limited | ||||
b)
| LEI | 5493004SQ5E5Q6VRT472
| ||||
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 | Fully paid ordinary shares
| ||||
Identification code | AU000000DNK9 | |||||
b)
| Nature of the transaction
| Shares acquired upon exercise of unlisted options exercisable at $0.00 expiring 31 December 2021
| ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price - Total |
N/A | ||||
e)
| Date of the transaction
| 12 February 2021 | ||||
f) | Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name | Rod McEachern | ||||
2
| Reason for the notification | |||||
a)
| Position/status
| PDMR (Chief Operating Officer) | ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name | Danakali Limited | ||||
b)
| LEI | 5493004SQ5E5Q6VRT472
| ||||
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 | Unlisted Options exercisable at $0.501 expiring 3 December 2023
| ||||
Identification code | AU000000DNK9 | |||||
b)
| Nature of the transaction
| Award of unlisted options
| ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price - Total |
N/A | ||||
e)
| Date of the transaction
| 12 February 2021 | ||||
f) | Place of the transaction
| Outside a trading venue | ||||
For more information, please contact:
Danakali | |||
Niels Wage Chief Executive Officer +61 8 6266 8368 | Mark Riseley Corporate Development Manager +61 8 6266 8368 | ||
| |||
Visit the Company's website: www.danakali.com
Follow Danakali on LinkedIn: www.linkedin.com/company/danakali-limited
Subscribe to Danakali on YouTube: www.youtube.com/channel/UChGKN4-M4lOvPKxs9b-IJvw
Announcement authorised for release by the Company Secretary of Danakali.
Related Shares:
DNK.L