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Public Opening Position Disclosure by a Party to an Offer - Rules 8.1 And 8.2 of the Takeover Code (The “Code”)
Kore Potash plc
(Incorporated in England and Wales)
Registration number 10933682
ASX share code: KP2
AIM share code: KP2
JSE share code: KP2
ISIN: GB00BYP2QJ94
CDI ISIN: AU000000KP25
("Kore Potash" or the "Company")
FORM 8 (OPD)
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser: Kore Potash Plc
(b) Owner or controller of interests and short N/A
positions disclosed, if different from 1(a):
The naming of nominee or vehicle companies is
insufficient. For a trust, the trustee(s), settlor and
beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose Kore Potash Plc
relevant securities this form relates:
Use a separate form for each offeror/offeree
(d) Is the discloser the offeror or the offeree? OFFEREE
(e) Date position held: 12 November 2025
The latest practicable date prior to the disclosure
(f) In addition to the company in 1(c) above, is the N/A
discloser making disclosures in respect of any
other party to the offer?
If it is a cash offer or possible cash offer, state
"N/A"
2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant
securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each
additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree
to which the disclosure relates
Class of relevant security: Ordinary shares of US$0.001 each
Interests Short positions
Number % Number %
(1) Relevant securities owned Nil Nil
and/or controlled:
(2) Cash-settled derivatives: Nil Nil
(3) Stock-settled derivatives Nil Nil
(including options) and
agreements to purchase/sell:
Nil Nil
TOTAL:
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements
to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open
Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements
should be disclosed on a Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities
Class of relevant security in relation to N/A
which subscription right exists:
Details, including nature of the rights N/A
concerned and relevant percentages:
3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE
OFFER MAKING THE DISCLOSURE
Details of any interests, short positions and rights to subscribe (including directors'
and other employee options) of any person acting in concert with the party to the
offer making the disclosure:
1. Interests held by the directors of Kore Potash Plc and their close relatives and
related trusts (excluding share options set out at 3. below):
Name Number of ordinary Percentage of total
shares of US$0.001 issued ordinary share
each capital
David Hathorn 395,746,326 8.1
Jonathan Trollip 7,276,296 0.5
David Netherway 8,536,434 0.17
2. Interests held by connected advisers to the directors and board of Kore Potash Plc:
Name Number of ordinary Percentage of total
shares of US$0.001 issued ordinary share
each capital
Kela Securities (Pty) Ltd * 172,293 0.00
*Note: Kela Securities (Pty) Ltd is a corporate broker to Kore Potash Plc and the
holding is the aggregate holdings of employees of Kela Securities (Pty) Ltd.
3. Interests held as options over existing ordinary shares of US$0.001 each of Kore
Potash Plc by directors of Kore Potash Plc (all options have vested):
Name Number Exercise Date of Date of Expiry date
of share price grant vesting
options GBP
David Hathorn 9,000,000 0.0220 13/06/2022 11/06/2025 09/06/2027
David Hathorn 2,000,000 0.0193 11/06/2025 11/06/2025 11/06/2028
David 2,000,000 0.0193 11/06/2025 11/06/2025 11/06/2028
Netherway
Jonathan 2,000,000 0.0193 11/06/2025 11/06/2025 11/06/2028
Trollip
Details of any open stock-settled derivative positions (including traded options), or agreements
to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open
Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements
should be disclosed on a Supplemental Form 8 (SBL).
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding,
formal or informal, relating to relevant securities which may be an inducement to
deal or refrain from dealing entered into by the party to the offer making the
disclosure or any person acting in concert with it:
Irrevocable commitments and letters of intent should not be included. If there are no such
agreements, arrangements or understandings, state "none"
None
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal,
between the party to the offer making the disclosure, or any person acting in concert
with it, and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to
which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state "none"
None
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) NO
Supplemental Form 8 (SBL) NO
Date of disclosure: 14 November 2025
Contact name: Andrey Maruta
Telephone number: +44 (0) 20 3963 1776
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's
disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
14 November 2025
Questco Corporate Advisory – JSE Sponsor Tel: +27 (63) 482 3802
Doné Hattingh
Date: 14-11-2025 09:00:00
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