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KORE POTASH PLC - Performance Rights

Release Date: 15/04/2019 11:03
Code(s): KP2
 
Wrap Text
Performance Rights

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
(“Kore Potash” or the “Company”)
                                               Performance Rights

Kore Potash advises that in line with the Admission Document the Company has issued Performance Rights
to certain Non-Executive directors as set out below.

The Performance Rights unconditionally vested on 29 March 2019 – the first anniversary of admission to
trading on AIM (“Admission”).


David Hathorn                                          500,000
Jonathan Trollip                                       250,000
Leonard Math                                           250,000
David Netherway                                        250,000
Timothy Keating                                        250,000

In order to subscribe for shares in respect of the vested performance rights each Non-Executive director
will be required to pay the aggregate of US$0.001 per share and any taxes for which the Company is
required to account to any taxing authority on the directors’ behalf.

This represents the first of three tranches of Performance Rights, the second and third of which will
unconditionally vest on the second and third anniversaries of Admission respectively, in equal number to
those that vested in this tranche.

Please see below notifications of transaction by Person Discharging Managerial Responsibilities (“PDMR”)
related to the vesting.

15 April 2019
JSE Sponsor: Rencap Securities (Pty) Limited
                                                     ENDS

             For further information, please visit www.korepotash.com or contact:


 Kore Potash                                                        Tel: +27 11 469 9140
 Brad Sampson – CEO

 Tavistock Communications                                           Tel: +44 (0) 20 7920 3150
 Jos Simson
 Edward Lee

 Canaccord Genuity – Nomad and Broker                               Tel: +44 (0) 20 7523 4600
 Martin Davison
 James Asensio
1    Details of the person discharging managerial responsibilities/person closely associated
a)   Name                                              David Hathorn
2    Reason for the notification
a)   Position/status                                   PDMR
b)   Initial notification/Amendment                    Initial notification
3    Details of the issuer, emission allowance market participant, auction platform, auctioneer or
               auction monitor
a)   Name                                              Kore Potash Plc
b)   LEI                                               213800NWX7EHG4UVC107
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 Ordinary Shares of US$0.001 each
               of instrument
     Identification code                           GB00BYP2QJ94

b)   Nature of the transaction                         Conversion of Performance Rights
c)   Price(s) and volume(s)                            Price: US$0.001
                                                       Volume:      500,000
d)   Aggregated information                            Aggregated volume: N/A
                                                       Price: N/A
e)   Date of the transaction                           29 March 2019
f)   Place of the transaction                          Outside a trading venue
1    Details of the person discharging managerial responsibilities/person closely associated
a)   Name                                              Jonathan Trollip
2    Reason for the notification
a)   Position/status                                   PDMR
b)   Initial notification/Amendment                    Initial notification
3    Details of the issuer, emission allowance market participant, auction platform, auctioneer or
               auction monitor
a)   Name                                              Kore Potash Plc
b)   LEI                                               213800NWX7EHG4UVC107
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 Ordinary Shares of US$0.001 each
               of instrument
     Identification code                           GB00BYP2QJ94
b)   Nature of the transaction                         Conversion of Performance Rights
c)   Price(s) and volume(s)                            Price: US$0.001
                                                       Volume:      250,000
d)   Aggregated information                            Aggregated volume: N/A
                                                       Price: N/A
e)   Date of the transaction                           29 March 2019
f)   Place of the transaction                          Outside a trading venue
1    Details of the person discharging managerial responsibilities/person closely associated
a)   Name                                              Leonard Math
2    Reason for the notification
a)   Position/status                                   PDMR
b)   Initial notification/Amendment                    Initial notification
3    Details of the issuer, emission allowance market participant, auction platform, auctioneer or
               auction monitor
a)   Name                                              Kore Potash Plc
b)   LEI                                               213800NWX7EHG4UVC107
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 Ordinary Shares of US$0.001 each
               of instrument
     Identification code                           GB00BYP2QJ94
b)   Nature of the transaction                         Conversion of Performance Rights
c)   Price(s) and volume(s)                            Price: US$0.001
                                                       Volume:      250,000
d)   Aggregated information                            Aggregated volume: N/A
                                                       Price: N/A
e)   Date of the transaction                           29 March 2019
f)   Place of the transaction                          Outside a trading venue
1    Details of the person discharging managerial responsibilities/person closely associated
a)   Name                                              David Netherway
2    Reason for the notification
a)   Position/status                                   PDMR
b)   Initial notification/Amendment                    Initial notification
3    Details of the issuer, emission allowance market participant, auction platform, auctioneer or
               auction monitor
a)   Name                                              Kore Potash Plc
b)   LEI                                               213800NWX7EHG4UVC107
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 Ordinary Shares of US$0.001 each
               of instrument
     Identification code                           GB00BYP2QJ94
b)   Nature of the transaction                         Conversion of Performance Rights
c)   Price(s) and volume(s)                            Price: US$0.001
                                                       Volume:      250,000
d)   Aggregated information                            Aggregated volume: N/A
                                                       Price: N/A
e)   Date of the transaction                           29 March 2019
f)   Place of the transaction                          Outside a trading venue
1    Details of the person discharging managerial responsibilities/person closely associated
a)   Name                                              Timothy Keating
2    Reason for the notification
a)   Position/status                                   PDMR
b)   Initial notification/Amendment                    Initial notification
3    Details of the issuer, emission allowance market participant, auction platform, auctioneer or
               auction monitor
a)   Name                                              Kore Potash Plc
b)   LEI                                               213800NWX7EHG4UVC107
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 Ordinary Shares of US$0.001 each
               of instrument
     Identification code                           GB00BYP2QJ94
b)   Nature of the transaction                         Conversion of Performance Rights
c)   Price(s) and volume(s)                            Price: US$0.001
                                                       Volume:      250,000
d)   Aggregated information                            Aggregated volume: N/A
                                                       Price: N/A
e)   Date of the transaction                           29 March 2019
f)   Place of the transaction                          Outside a trading venue

Date: 15/04/2019 11:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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