Salt Lake Potash Limited Director and Other Shareholdings (4517A)
29 Settembre 2020 - 12:44PM
UK Regulatory
TIDMSO4
RNS Number : 4517A
Salt Lake Potash Limited
29 September 2020
29 September 2020 AIM/ASX Code: SO4
SALT LAKE POTASH LIMITED
-------------------------
Not for release to US wire services or distribution in the
United States
ISSUE OF SECURITES
Salt Lake Potash Limited (SO4 or the Company) advises that
following its announcement on 25 September 2020, it has today
issued 22,592,223 fully paid ordinary shares (Shares) as
follows:
-- 22,222,223 new Shares at a conversion price of A$0.45 per
Share on conversion of the convertible notes issued to Equatorial
Resources Limited (as announced by the Company on 2 July 2020);
and
-- 370,000 to a nominee of Mr Matthew Bungey, a director of the
Company, at a price of A$0.50 per new Share (as announced by the
Company on 14 August 2020).
The new shares have been admitted to trading on AIM today.
Following Shareholder approval on 23 September 2020, the Company
has also issued 15,000,000 unlisted options with an exercise price
of A$0.564 each and expiring 28 September 2024.
Directors' interest
Following the issue of Shares, Mr Bungey has an interest in
1,864,075 Shares, representing 0.32% of the total voting rights on
issue.
The Notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides additional
information.
Holdings in Company
The Company was notified on 29 September 2020, via the filing of
a Form 603 - Notice of Initial Substantial Holder with the ASX,
that Equatorial Resources Limited has a relevant interest in
34,222,223 fully paid ordinary shares (representing 5.86% per cent
of the issued ordinary share capital of the Company).
For further information please visit https://www.so4.com.au/ or
contact:
Tony Swiericzuk / Richard Knights Salt Lake Potash Limited Tel: +61 8 6559 5800
Colin Aaronson / Seamus Fricker Grant Thornton UK LLP (Nominated Adviser) Tel: +44 (0) 20 7383 5100
Derrick Lee / Peter Lynch Cenkos Securities plc (Joint Broker) Tel: +44 (0) 131 220 6939
Rupert Fane / Ernest Bell Hannam & Partners (Joint Broker) Tel: +44 (0) 20 7907 8500
This announcement has been authorised for release by the Company
Secretary, Mr Clint McGhie.
Forward Looking Statements
This announcement may include forward-looking statements. These
forward-looking statements are based on Salt Lake Potash Limited's
expectations and beliefs concerning future events. Forward looking
statements are necessarily subject to risks, uncertainties and
other factors, many of which are outside the control of Salt Lake
Potash Limited, which could cause actual results to differ
materially from such statements. Salt Lake Potash Limited makes no
undertaking to subsequently update or revise the forward-looking
statements made in this announcement save where required by law or
regulation, to reflect the circumstances or events after the date
of that announcement.
Notification of Transactions of Persons Discharging Managerial
Responsibility and Persons Closely Associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Matthew Bungey
----------------------------------------- --------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------
a) Position/status Non-Executive Director
----------------------------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
----------------------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------------
a) Name Salt Lake Potash Limited
----------------------------------------- --------------------------------------------
b) LEI 213800ZYZHFUDQ784B24
----------------------------------------- --------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
---------------------------------------------------------------------------------------
a) Description of the Ordinary shares of no par value
financial instrument,
type of instrument
Identification code AU000000SO44
b) Nature of the transaction Issue of shares in lieu of accrued
consulting fees
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
A$0.50 370,000
------------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume Aggregate volume: 370,000
Aggregate price: 50 Australian cents
Aggregate total: A$185,000
- Price
e) Date of the transaction 29 September 2020
----------------------------------------- --------------------------------------------
f) Place of the transaction Off market transaction
----------------------------------------- --------------------------------------------
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END
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September 29, 2020 06:44 ET (10:44 GMT)
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