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KORE POTASH PLC - Public Opening Position Disclosure/Dealing Disclosure by a Person with Interests in Relevant Securities

Release Date: 02/12/2025 11:54
Code(s): KP2     PDF:  
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Public Opening Position Disclosure/Dealing Disclosure by a Person with Interests in Relevant Securities

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 8.3


          PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
      A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR
                                         MORE
                      Rule 8.3 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:                                     The Gusi Trust

(b) Owner or controller of interests and short                  Trustees:
    positions disclosed, if different from 1(a):                Richard Lawrence Herring
    The naming of nominee or vehicle companies is               Selwyn Joel Blieden
    insufficient. For a trust, the trustee(s), settlor and      Samual Ari Herring
    beneficiaries must be named.                                Settlor:
                                                                Steven Bernard Herring
                                                                Beneficiaries:
                                                                Steven Bernard Herring
                                                                Hayley Herring
                                                                Samuel Ari Herring
                                                                Lia Kayla Herring
                                                                Abby Talia Herring
                                                                Lazarus Isidore Herring
                                                                Caryn Herring
                                                                Linda Ellen Damelin
(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) If an exempt fund manager connected with an                 NA
    offeror/offeree, state this and specify identity of
    offeror/offeree:
(e) Date position held/dealing undertaken:                      19 November 2025
    For an opening position disclosure, state the latest
    practicable date prior to the disclosure
(f) In addition to the company in 1(c) above, is the            YES / NO / N/A
    discloser making disclosures in respect of any              If YES, specify which:
    other party to the offer?
    If it is a cash offer or possible cash offer, state "N/A"   N/A

2.         POSITIONS OF THE PERSON 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 following the dealing (if any)

Class of relevant security:                              USD- Ordinary shares

                                                     Interests                      Short
                                                                                   positions
                                                  Number                   %     Number     %
(1) Relevant securities owned       125,495,211                           2.42
    and/or controlled:
(2) Cash-settled derivatives:

(3) Stock-settled derivatives
    (including options) and
    agreements to
    purchase/sell:
                                               125,495,211                2.42
      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).

(b)        Rights to subscribe for new securities (including directors' and other employee
           options)

Class of relevant security in relation to
which subscription right exists:
Details, including nature of the rights
concerned and relevant percentages:


3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or
offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class
of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

  Class of relevant          Purchase/sale             Number of               Price per unit
      security                                         securities



(b)        Cash-settled derivative transactions

      Class of        Product            Nature of dealing          Number of        Price per
      relevant       description      e.g. opening/closing a        reference           unit
      security        e.g. CFD          long/short position,        securities
                                      increasing/reducing a
                                         long/short position



(c)        Stock-settled derivative transactions (including options)

(i)        Writing, selling, purchasing or varying


 Class        Product        Writing,      Number       Exercise     Type      Expiry      Option
   of        description   purchasing,         of        price        e.g.      date       money
relevant       e.g. call     selling,     securities    per unit   American,                paid/
security        option     varying etc.    to which                European               received
                                            option                    etc.                 per unit
                                            relates



(ii)       Exercise

       Class of          Product          Exercising/        Number of         Exercise price
       relevant        description         exercised         securities           per unit
       security       e.g. call option      against



(d)        Other dealings (including subscribing for new securities)

Class of relevant            Nature of dealing              Details        Price per unit (if
    security           e.g. subscription, conversion                         applicable)
Ordinary shares        Receipt of placing shares       39 585 604 shares   USD- $0.038



4.         OTHER INFORMATION

Rights issue has already taken place (and before the offer for Kore), but shares have not
been Issued. Heriot Investments will own an additional 39,585,604 shares


(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 person making the disclosure and any party
to the offer or any person acting in concert with a party to the offer:
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 person making the disclosure 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

Is a Supplemental Form 8 (Open Positions) attached?                                 NO


Date of disclosure:                              2 December 2025

Contact name:                                    Steven Herring

Telephone number*:                               07555418843


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.

*If the discloser is a natural person, a telephone number does not need to be included,
provided contact information has been provided to the Panel's Market Surveillance Unit.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

Rights issue has already taken place (and before the offer for Kore), but shares have not
been Issued. Heriot Investments will own an additional 39,585,604 shares

2 December 2025

Questco Corporate Advisory – JSE Sponsor                                Tel: +27 (63) 482 3802
Doné Hattingh



Date: 02-12-2025 11:54:00
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