RNS Number : 5100K
Kore Potash PLC
15 April 2024
 

15 April 2024

 

KORE POTASH PLC

("Kore Potash" or the "Company")

PDMR Grant of Options

 

Kore Potash (AIM: KP2, ASX: KP2, JSE:KP2), the potash development company with 97% ownership of the Kola and DX Potash Projects in the Sintoukola Basin, located in the Republic of Congo, announces the grant of options over 20,000,000 new ordinary shares of US$0.001 each in the Company ("new Ordinary Shares") exercisable at a price of 1 pence per new Ordinary Share to the Company's CEO, Mr André Baya, pursuant to his contract of employment with the Company, vesting at today's date with a life to expiry of three years from today's date, exercisable for so long as Mr Baya remains an employee of the Company.

 

In addition, the Board has also granted options over 15,000,000 new Ordinary Shares exercisable at a price of 1 pence per new Ordinary Share to the Company's CFO, Mr Andrey Maruta. The options have vested on 12 April 2024 with a life to expiry of three years from today's date, exercisable for so long as Mr Maruta is an employee of the Company.

 

Notification of Transaction by Person Discharging Managerial Responsibilities ("PDMR")

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

1)    Mr J. M. André Baya

2)    Mr Andrey Maruta

2

Reason for the notification

a)

Position/status

1)    CEO (Non-Board)

2)    CFO (Non-Board)

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 of instrument

Identification code

Grant of options over Ordinary Shares of US$0.001 each GB00BYP2QJ94

b)

Nature of the transaction

Grant of options over ordinary shares of US$0.001 each in the Company.

c)

Price(s) and volume(s)

1)   

Price

Volume

1 pence

20,000,000

2)   

Price

Volume

1 pence

15,000,000

d)

Aggregated information

1)   

Price

Volume

1 pence

20,000,000

2)   

Price

Volume

1 pence

15,000,000

e)

Date of the transaction

1)    15 April 2024

2)    12 April 2024

f)

Place of the transaction

Outside a Trading Venue

 

 

Market Abuse Regulation

Market Abuse Regulation (MAR) Disclosure - The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

 

This announcement has been approved for release by the Board.

 

 

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

 

Kore Potash

David Hathorn - Chairman

André Baya - CEO

 

Tel: +44 (0) 20 3963 1776

 

 

Tavistock Communications

Nick Elwes

Adam Baynes

 

Tel: +44 (0) 20 7920 3150

SP Angel Corporate Finance - Nomad and Broker

Ewan Leggat

Charlie Bouverat

Kasia Brzozowska

 

Tel: +44 (0) 20 7470 0470

Shore Capital - Joint Broker

Toby Gibbs

James Thomas

 

Tel: +44 (0) 20 7408 4050

Questco Corporate Advisory - JSE Sponsor

Doné Hattingh

 

Tel: +27 (11) 011 9205


 

 

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