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KORE POTASH PLC — Regulatory Filings 2021
Mar 15, 2021
7751_rns_2021-03-15_c6229e89-6f0f-4f69-9b21-07173fa31f41.pdf
Regulatory Filings
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Kore Potash plc 25 Moorgate, London EC2R 6AY United Kingdom
16 March 2021
Madeleine Green Australian Securities Exchange Level 40, Central Park 152-158 St Georges Terrace Perth WA 6000
By email: [email protected]
Dear Madeleine
ASX PRICE AND VOLUME QUERY
We refer to the Price and Volume Query from the ASX dated 16 March 2021 in relation to the change in the price of KP2’s securities from a low of $0.017 at the close of trade on Monday 15 March 2021, to an intraday high of $0.026 today, and the significant increase in the volume of KP2’s securities traded today. We respond as follows to the specific questions asked:
1. Is KP2 aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?
No. The Company is not aware of any information concerning it that has not been announced, which, if known by some in the market, could explain the recent trading in its securities.
2. If the answer to question 1 is “yes”:
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(a) Is KP2 relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1?
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(b) Can an announcement be made immediately?
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(c) If an announcement cannot be made immediately, why not and when is it expected that an announcement will be made?
The answer to question 1 is no – therefore not applicable.
3. If the answer to question 1 is ”no”, is there any other explanation that KP2 may have for the recent trading in its securities?
The Company is not aware of any explanation for the recent trading in its securities.
4. Please confirm that KP2 is complying with the Listing Rules and, in particular, Listing Rule 3.1.
We confirm that the Company is in compliance with the Listing Rules and, in particular, Listing Rule 3.1.
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Kore Potash plc 25 Moorgate, London EC2R 6AY United Kingdom
5. Please confirm that KP2’s responses to the questions above have been authorised and approved under its published continuous disclosure policy or otherwise by its board or an officer of KP2 with delegated authority from the board to respond to ASX on disclosure matters.
Confirmed.
Yours sincerely
Henko Vos Company Secretary +61 (8) 9463 2463
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16 March 2021 Mr Henko Vos Company Secretary Kore Potash plc
By email:
Dear Mr Vos
Kore Potash plc (‘KP2’): Price Query
ASX refers to the following:
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A. The change in the price of KP2’s securities from a low of $0.017 at the close of trade on Monday, 15 March 2021 to an intraday high of $0.026 today, Tuesday, 16 March 2021.
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B. The significant increase in the volume of KP2’s securities traded today, Tuesday, 16 March 2021.
Request for information
In light of this, ASX asks KP2 to respond separately to each of the following questions and requests for information:
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Is KP2 aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?
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If the answer to question 1 is “yes”.
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(a) Is KP2 relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1? Please note that the recent trading in KP2’s securities would suggest to ASX that such information may have ceased to be confidential and therefore KP2 may no longer be able to rely on Listing Rule 3.1A. Accordingly, if the answer to this question is “yes”, you need to contact us immediately to discuss the situation.
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(b) Can an announcement be made immediately? Please note, if the answer to this question is “no”, you need to contact us immediately to discuss requesting a trading halt (see below).
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(c) If an announcement cannot be made immediately, why not and when is it expected that an announcement will be made?
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If the answer to question 1 is “no”, is there any other explanation that KP2 may have for the recent trading in its securities?
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Please confirm that KP2 is complying with the Listing Rules and, in particular, Listing Rule 3.1.
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Please confirm that KP2’s responses to the questions above have been authorised and approved under its published continuous disclosure policy or otherwise by its board or an officer of KP2 with delegated authority from the board to respond to ASX on disclosure matters.
When and where to send your response
This request is made under Listing Rule 18.7. Your response is required as soon as reasonably possible and, in any event, by no later than 10:50 AM AWST Tuesday, 16 March 2021 . You should note that if the information requested by this letter is information required to be given to ASX under Listing Rule 3.1 and it does not fall within the exceptions mentioned in Listing Rule 3.1A, KP2’s obligation is to disclose the information
ASX Customer Service Centre 131 279 | asx.com.au
ASX Limited [[Listings]]
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‘immediately’. This may require the information to be disclosed before the deadline set out in the previous paragraph and may require KP2 to request a trading halt immediately.
Your response should be sent to me by e-mail at [email protected] . It should not be sent directly to the ASX Market Announcements Office. This is to allow me to review your response to confirm that it is in a form appropriate for release to the market, before it is published on the ASX Market Announcements Platform.
Trading halt
If you are unable to respond to this letter by the time specified above, or if the answer to question 1 is “yes” and an announcement cannot be made immediately, you should discuss with us whether it is appropriate to request a trading halt in KP2’s securities under Listing Rule 17.1. If you wish a trading halt, you must tell us:
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the reasons for the trading halt;
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how long you want the trading halt to last;
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the event you expect to happen that will end the trading halt;
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that you are not aware of any reason why the trading halt should not be granted; and
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any other information necessary to inform the market about the trading halt, or that we ask for.
We require the request for a trading halt to be in writing. The trading halt cannot extend past the commencement of normal trading on the second day after the day on which it is granted. You can find further information about trading halts in Guidance Note 16 Trading Halts & Voluntary Suspensions .
Suspension
If you are unable to respond to this letter by the time specified above, ASX will likely suspend trading in KP2’s securities under Listing Rule 17.3.
Listing Rules 3.1 and 3.1A
In responding to this letter, you should have regard to KP2’s obligations under Listing Rules 3.1 and 3.1A and also to Guidance Note 8 Continuous Disclosure : Listing Rules 3.1 – 3.1B. It should be noted that KP2’s obligation to disclose information under Listing Rule 3.1 is not confined to, nor is it necessarily satisfied by, answering the questions set out in this letter.
Release of correspondence between ASX and entity
We reserve the right to release a copy of this letter, your reply and any other related correspondence between us to the market under Listing Rule 18.7A.
Questions
If you have any questions in relation to the above, please do not hesitate to contact me.
Yours sincerely
Madeleine Green
Senior Adviser, Listings Compliance (Perth)
2/2 ASX Customer Service Centre 131 279 | asx.com.au