KORE POTASH PLC — AGM Information 2019

Jul 17, 2019

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RNS Number : 8431F

Kore Potash PLC

17 July 2019

17 July 2019

Kore Potash Plc

("Kore Potash" or the "Company")

Results of General Meeting ("GM") and Issue of Shares

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 GM held earlier today, were duly passed. The resolutions were all passed on a show of hands.

The GM was held, inter alia, to approve the issue of 646,914,254 new ordinary shares ("Ordinary Shares") in the Company at £0.016 per share in line with the Company's announcements of 13 June and 14 June 2019. Accordingly, application has been made for the Ordinary Shares to be admitted to trading on AIM and the JSE Securities Exchange on 19 July 2019.  These shares will rank pari passu with the existing ordinary shares currently in issue.

Following this issue, the Company's issues share capital will consist of 1,509,653,943 ordinary shares of US$0.001. Accordingly, the total number of voting rights in the Company is 1,509,653,943. This figure may be used by shareholders 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 Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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 GM.

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 - Authority to allot shares in connection with the fundraise	512,082,606	488,308,615	28,384	23,186,355	559,252	1,335,589
Resolution 2 - Authority to allot shares	511,075,696	486,871,705	28,384	23,186,355	989,252	2,342,499
Resolution 3 - Approval of securities issue to non-affiliated investors in connection with the fundraise	175,631,382	151,420,381	28,384	23,186,355	996,262	166,072,289
Resolution 4 - Approval of securities issue to SQM under the placing	176,931,730	152,491,131	28,384	23,186,355	1,225,860	164,841,941
Resolution 5 - Approval of securities issue to SGRF under the placing	176,931,730	152,491,131	28,384	23,186,355	1,225,860	164,841,941
Resolution 6 - Approval of securities issue to director under the subscriptions - Mr David Hathorn	513,246,964	487,746,915	28,384	23,186,355	2,285,310	101,231
Resolution 7 - Approval of securities issue to director under the subscriptions - Mr Brad Sampson	513,316,964	487,816,915	28,384	23,186,355	2,285,310	101,231
Resolution 8 - Approval to issue options to Brad Sampson	513,316,964	487,821,915	28,384	23,186,355	2,280,310	101,231
Resolution 9 - Approval to issue shares to employees	491,441,740	466,039,718	33,384	23,186,355	2,182,283	21,976,455
Resolution 10 - Approval to issue shares to Mr David Hathorn in lieu of cash payments for director fees	491,461,040	467,456,618	33,384	23,186,355	784,683	21,957,155
Resolution 11 - Approval to issue shares to Mr Jonathan Trollip in lieu of cash payments for director fees	491,461,040	467,456,618	33,384	23,186,355	784,683	21,957,155
Resolution 12 - Approval to issue shares to Mr Timothy Keating in lieu of cash payments for director fees	327,726,040	303,721,618	33,384	23,186,355	784,683	185,692,155
Resolution 13 - Approval to issue shares to Mr David Netherway in lieu of cash payments for director fees	512,082,606	488,308,615	28,384	23,186,355	559,252	1,335,589
Resolution 14 - Approval to issue shares to Mr José Antonio Merino in lieu of cash payments for director fees	511,075,696	486,871,705	28,384	23,186,355	989,252	2,342,499
Resolution 15 - Disapplication of pre-emption rights in connection with the fundraise	175,631,382	151,420,381	28,384	23,186,355	996,262	166,072,289
Resolution 16 - Disapplication of pre-emption rights	176,931,730	152,491,131	28,384	23,186,355	1,225,860	164,841,941

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