KORE POTASH PLC — Share Issue/Capital Change 2024

Apr 14, 2024

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Announcement Summary

Entity name
KORE POTASH PLC

Date of this announcement
Monday April 15, 2024

The +securities the subject of this notification are:
Other

Total number of +securities to be issued/transferred

ASX +security code	Security description	Total number of +securities to be issued/transferred	Issue date
New class - code to be confirmed	Unlisted options with an exercise price of GBP0.001 each and expiring on 15 April 2027.	15,000,000	12/04/2024

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 1 - Entity and announcement details

1.1 Name of entity
KORE POTASH PLC
We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type
Registration number
ARBN
621843614

1.3 ASX issuer code
KP2

1.4 The announcement is
New announcement

1.5 Date of this announcement
15/4/2024

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 2 - Issue details

2.1 The +securities the subject of this notification are:
Other
Please specify
Grant of options to the Company's CFO as part of his remuneration package.

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:
does not have an existing ASX security code ("new class")

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 3C - number and type of +securities the subject of this notification (new class)

New +securities

ASX +security code	+Security description
New class - code to be confirmed	Unlisted options with an exercise price of GBP0.001 each and expiring on 15 April 2027.
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued
12/4/2024

Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?
No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Refer to ASX announcement of 15 April 2024 setting out the key terms of the options:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02795608-6A1202668

Other than noted, the options have standard terms and conditions normally associated with unlisted options.

Options Details

+Security currency	Exercise price	Expiry date
GBP - Pound Sterling	GBP 0.00100000	15/4/2027

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option
KP2AA : ORDINARY FULLY PAID

Any other information the entity wishes to provide about the +securities the subject of this notification

Upon conversion, each unlisted option becomes one fully paid ordinary share (KP2AA) and is quoted on AIM.

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

The unlisted options were issued to the CFO as part of his remuneration package.

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Issue details

Number of +securities
15,000,000

Were the +securities issued for a cash consideration?
No

Please describe the consideration being provided for the +securities
Nil consideration. Issue of unlisted options was part of the remuneration package for the Company's CFO.

Purpose of the issue
To pay for services rendered

Additional Details
Issue of unlisted options was part of the remuneration package for the Company's CFO.

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

ASX +security code and description	Total number of +securities on issue
KP2 : CHESS DEPOSITARY INTERESTS 1:1	660,338,668

4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description	Total number of +securities on issue
KP2AB : OPTION EXPIRING 19-JUL-2024 EX GBP 0.022	26,900,000
KP2AA : ORDINARY FULLY PAID	3,569,193,505
New class - code to be confirmed : Unlisted options with an exercise price of GBP0.001 each and expiring on 15 April 2027.	15,000,000

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1?
Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2
13

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities