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Trading Halt, Amended Admission Date & Fundraising Update
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")
7 November 2024
Trading Halt, Amended Admission Date & Fundraising Update
Kore Potash plc, 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 that the Company has
requested the Australian Securities Exchange ("ASX") and the JSE Limited ("JSE") in accordance with
their rules to immediately halt trading in the Company's shares quoted on the ASX and JSE pending an
announcement in relation to the Engineering, Procurement and Construction ("EPC") contract (the
"Trading Halt").
The Company's securities will accordingly not be traded on the ASX and JSE whilst the Trading Halt
remains in place.
Trading in the Company's ordinary securities will continue to trade as normal on AIM, a market
operated by the London Stock Exchange during this period.
The full version of the ASX announcement can be seen here: https://cdn-
api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02877833-6A1236483
Application for admission of Subscription Shares
Further to the Company's announcement of 5 November 2024 regarding a share subscription (the
"Fundraise"), which has raised approximately US$900,000 through the issue of 25,441,268 new
ordinary shares of US$0.001 each in the Company ("Subscription Shares"), as a result of the Trading
Halt, Kore Potash advises that application will be made for the admission of 25,441,268 Subscription
Shares to trading on AIM, the JSE and the Australian Securities Exchange with admission expected to
take place on or around 18 November 2024 rather than 11 November 2024 as stated in the
announcement of 5 November 2024.
The Subscription Shares will, when issued, be credited as fully paid and will rank pari passu in all respects
with the existing issued ordinary shares of the Company. This includes the right to receive all dividends
and other distributions declared or paid in respect of such ordinary shares after the date of issue of the
Subscription Shares.
Total voting rights
Following the admission to trading of the Subscription Shares, the Company's total issued share capital
will consist of 4,377,869,961 ordinary shares of US$0.001 each. No shares are held in treasury.
Accordingly, the total number of voting rights in the Company will be 4,377,869,961.
The above figure may be used by shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their interest in, or a change in their interest
in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.
The Subscription Shares will be issued within the Company's existing ASX Listing Rule 7.1 capacity. The
Company can confirm that none of the Subscription Shares are being issued to a party noted in ASX
Listing Rule 10.11.
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.
The Company will also lodge an updated Appendix 3B Proposed issue of securities with the ASX notifying
of the proposed new issue date.
This announcement has been approved for release by the Board.
For further information, please visit www.korepotash.com or contact:
Kore Potash
Andre Baya, CEO
Andrey Maruta, CFO Tel: +44 (0) 20 3963 1776
Tavistock Communications
Nick Elwes
Tel: +44 (0) 20 7920 3150
Josephine Clerkin
SP Angel Corporate Finance - Nomad and Broker
Ewan Leggat
Charlie Bouverat Tel: +44 (0) 20 7470 0470
Grant Barker
Shore Capital - Joint Broker
Toby Gibbs Tel: +44 (0) 20 7408 4050
James Thomas
Questco Corporate Advisory - JSE Sponsor
Doné Hattingh Tel: +27 63 482 3802
Date: 07-11-2024 11:48:00
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