KORE POTASH PLC — AGM Information 2019

Jun 28, 2019

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 8117D

Kore Potash PLC

28 June 2019

28 June 2019

Kore Potash Plc

("Kore Potash" or the "Company")

Kore Potash - Results of AGM

Kore Potash plc, the potash development company whose flagship asset is the 97%-owned Sintoukola Potash Project ("Kola" or the "Project"), is pleased to announce that the resolutions put to its Annual General Meeting ("AGM") held earlier today, Friday 28 June 2019, were duly passed.

The resolutions were all passed on a show of hands with exception of Resolution 12 in which a poll was taken and was passed by the requisite majority.

The following statistics, as detailed in the attached Annexure A, are provided in respect of each motion on the Agenda of Kore Potash plc's AGM.

In addition, shareholders are advised in terms of Rule 3.6.16 of the Listing Rules of the Australian Securities Exchange and paragraph 3.78 of the JSE Listings Requirements that BDO LLP ("BDO") has been appointed as the Company's external auditors with effect from 28 June 2019, with Matt Crane as the designated audit partner, replacing Deloitte LLP ("Deloitte").

The change in audit firm was initiated by Kore Potash as part of a review process conducted by the Audit & Risk Committee in which select firms were invited to quote on providing audit services to Kore Potash. The decision to change auditors was not the result of any disagreement between the Company and Deloitte on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. The appointment of BDO will allow the Company to maintain a quality auditor while achieving its objective of reducing costs. Kore Potash would like to take this opportunity to express its sincere gratitude to the Deloitte team for their services rendered to the Company over the past years.

ENDS

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

Kore Potash Brad Sampson - CEO		Tel: +27 11 469 9140
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 Mark Percy		Tel: +44 (0) 20 7408 4050

ANNEXURE A:

In respect to each resolution the total number of votes exercisable by all validly appointed proxies was as follows:

RESOLUTION	TOTAL VOTES VALIDLY CAST	FOR	DISCRETION - CHAIRMAN	DISCRETION - OTHER	AGAINST	VOTES WITHHELD
Resolution 1 - Receive the 2018 Annual Report	442,198,541	442,178,507	0	20,034	0	150,455
Resolution 2 - Approval of Remuneration Report	442,054,213	441,658,308	0	20,034	375,871	294,783
Resolution 3 - Appointment of Auditors	442,207,231	442,087,197	0	20,034	100,000	136,515
Resolution 4 - Authorise directors to determine the remuneration of BDO LLP as the Company's auditors	442,003,221	441,538,313	0	20,034	444,874	296,814
Resolution 5 - Re-appointment of David Hathorn as a Director	418,816,679	418,267,516	0	20,034	529,129	23,483,356
Resolution 6 - Re-appointment of Brad Sampson as a Director	442,003,034	441,453,871	0	20,034	529,129	297,001
Resolution 7 - Re-appointment of Jonathan Trollip as a Director	442,003,434	441,451,871	0	20,034	531,529	296,601
Resolution 8 - Re-appointment Timothy Keating as a Director	442,003,034	441,453,871	0	20,034	529,129	297,001
Resolution 9 - Re-appointment of David Netherway as a Director	442,003,034	441,451,871	0	20,034	531,129	297,001
Resolution 10 - Re-appointment of Jose Antonio Merino as a Director	442,003,034	441,453,871	0	20,034	529,129	297,001
Resolution 11 - Authority to allot shares	442,176,190	438,186,656	0	20,034	3,969,500	115,845
Resolution 12 - Disapplication of pre-emption rights	442,140,856	438,437,174	0	20,034	3,683,648	164,101

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

RAGPGUPAQUPBURR