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KORE POTASH PLC — Remuneration Information 2024
Apr 14, 2024
7751_rns_2024-04-14_4bb49f8d-c962-495f-aeab-8be5c67d798b.pdf
Remuneration Information
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Kore Potash plc 25 Moorgate, London EC2R 6AY United Kingdom
15 April 2024
KORE POTASH PLC
(“Kore Potash” or the “Company”)
Grant of Options
Kore Potash (AIM: KP2, ASX: KP2, JSE:KP2), 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 the grant of options over 20,000,000 new ordinary shares of US$0.001 each in the Company (“new Ordinary Shares”) exercisable at a price of 1 pence per new Ordinary Share to the Company’s CEO, Mr André Baya, pursuant to his contract of employment with the Company, vesting at today’s date with a life to expiry of three years from today’s date, exercisable for so long as Mr Baya remains an employee of the Company.
In addition, the Board has also granted options over 15,000,000 new Ordinary Shares exercisable at a price of 1 pence per new Ordinary Share to the Company’s CFO, Mr Andrey Maruta. The options have vested on 12 April 2024 with a life to expiry of three years from today’s date, exercisable for so long as Mr Maruta is an employee of the Company.
The Company will separately lodge an Appendix 3G with the ASX for the abovementioned securities.
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.
This announcement has been approved for release by the Board.
For further information, please visit www.korepotash.com or contact:
Kore Potash Tel: +44 (0) 20 3963 1776 David Hathorn – Chair André Baya – CEO Tavistock Communications Tel: +44 (0) 20 7920 3150 Nick Elwes Adam Baynes SP Angel Corporate Finance – Nomad and Broker Tel: +44 (0) 20 7470 0470 Ewan Leggat Charlie Bouverat Kasia Brzozowska Shore Capital – Joint Broker Tel: +44 (0) 20 7408 4050 Toby Gibbs James Thomas Questco Corporate Advisory – JSE Sponsor Tel: +27 (11) 011 9205 Doné Hattingh
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