24 June 2021
Kore Potash plc
("Kore Potash" or the "Company")
Issue of New Options and Appendix 3G
Kore Potash plc, the potash development company with 97%-ownership of the Kola and Dougou Extension ("DX") Potash Projects in the Sintoukola Basin, Republic of Congo ("RoC"), advises of the granting of 12,000,000 Options to Mr Jean-Michel Bour, pursuant to the Board approved Long Term Incentive arrangements. The options are issued with an exercise price of 2.2 pence each and an expiry date of 1 June 2026. The options will vest in equal thirds over a 3 year period, commencing at the completion of 12 months of service from Mr Jean-Michel Bour's commencement date of 1 June 2021.
The Option issue details are contained in the Appendix 3G which follows.
This announcement was approved by the Brad Sampson, CEO of Kore Potash PLC.
ENDS
For further information, please visit www.korepotash.com or contact:
| Kore Potash Brad Sampson - CEO | | Tel: +27 84 603 6238 |
| Tavistock Communications Jos Simson Edward Lee | | Tel: +44 (0) 20 7920 3150 |
|
Canaccord Genuity - Nomad and Broker James Asensio Henry Fitzgerald-O'Connor | | Tel: +44 (0) 20 7523 4600 |
| Shore Capital - Joint Broker Jerry Keen Toby Gibbs James Thomas | | Tel: +44 (0) 20 7408 4050 |
| Questco Corporate Advisory - JSE Sponsor Mandy Ramsden
| | Tel: +27 (11) 011 9208
|
Notification of transaction by Person Discharging Managerial Responsibilities ("PDMR")
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Jean-Michel Bour |
| 2 | Reason for the notification | |
| a) | Position/status | CFO |
| 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
| Ordinary Shares of US$0.001 each |
| | Identification code | GB00BYP2QJ94 |
| b) | Nature of the transaction | Grant of options |
| c) | Price(s) and volume(s)
| Price: 2.2p Volume: 12,000,000 |
| d) | Aggregated information
| Aggregated volume: N/A Price: N/A |
| e) | Date of the transaction | 1 June 2021 |
| f) | Place of the transaction | Outside a trading venue |
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