TIDMSO4
RNS Number : 6318X
Salt Lake Potash Limited
01 September 2020
1 September 2020 AIM/ASX Code: SO4
SALT LAKE POTASH LIMITED
-------------------------
Not for release to US wire services or distribution in the
United States
SHARES ISSUED UNDER RETAIL OFFER
DIRECTORS' SUBSCRIPTION
Salt Lake Potash Limited (SO4 or the Company) advises that
following its announcement on 28 August 2020, it has today issued
54,991,200 fully paid ordinary shares (Shares) at an issue price of
A$0.50 per Share under the retail entitlement offer announced by
the Company on 5 August 2020
The new shares are expected to be admitted to trading on AIM at
8:00am on 2 September 2020.
Directors' subscription
As announced on 28 August 2020, the following directors
subscribed for shares under the retail entitlement offer:
Name Existing Ordinary Ordinary Shares Resultant Percentage
Shares subscribed holding of voting
for rights
Matthew Bungey 1,394,075 100,000 1,494,075 0.27%
------------------ ---------------- ---------- -----------
Mark Pearce 4,050,000 400,000 4,450,000 0.79%
------------------ ---------------- ---------- -----------
Bryn Jones 50,000 15,625 65,625 0.01%
------------------ ---------------- ---------- -----------
The Notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation, provide additional
information on the above subscriptions by directors and on
subscriptions by other members of the Company's senior
management.
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.
Not for release to US wire services or distribution in the
United States.
This announcement has been prepared for publication in Australia
and may not be released to US wire services or distributed in the
United States. This announcement does not constitute an offer to
sell, or a solicitation of an offer to buy, securities in the
United States or any other jurisdiction. Any securities described
in this announcement have not been, and will not be, registered
under the US Securities Act of 1933 and may not be offered or sold
in the United States except in transactions exempt from, or not
subject to, the registration requirements of the US Securities Act
and applicable US state securities laws.
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, 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 213800WAVVOPS85N2205
----------------------------------------- --------------------------------------------
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 Subscription for cash in pro-rata
non-renounceable entitlement offer
by the Company.
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
A$0.50 100,000
------------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume Aggregate volume: 100,000
Aggregate price: 50 Australian cents
Aggregate total: A$50,000
- Price
e) Date of the transaction 1 September 2020
----------------------------------------- --------------------------------------------
f) Place of the transaction Off market transaction
----------------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mark Pearce
----------------------------------------- --------------------------------------------
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 213800WAVVOPS85N2205
----------------------------------------- --------------------------------------------
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 Subscription for cash in pro-rata
non-renounceable entitlement offer
by the Company.
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
A$0.50 400,000
------------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume Aggregate volume: 400,000
Aggregate price: 50 Australian cents
Aggregate total: A$200,000
- Price
e) Date of the transaction 1 September 2020
----------------------------------------- --------------------------------------------
f) Place of the transaction Off market transaction
----------------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Bryn Jones
----------------------------------------- --------------------------------------------
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 213800WAVVOPS85N2205
----------------------------------------- --------------------------------------------
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 Subscription for cash in pro-rata
non-renounceable entitlement offer
by the Company.
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
A$0.50 15,625
------------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume Aggregate volume: 15,625
Aggregate price: 50 Australian cents
Aggregate total: A$7,812.50
- Price
e) Date of the transaction 1 September 2020
----------------------------------------- --------------------------------------------
f) Place of the transaction Off market transaction
----------------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Shaun Day
----------------------------------------- --------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
----------------------------------------- --------------------------------------------
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 213800WAVVOPS85N2205
----------------------------------------- --------------------------------------------
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 Subscription for cash in pro-rata
non-renounceable entitlement offer
by the Company.
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
A$0.50 301,259
------------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume Aggregate volume: 301,259
Aggregate price: 50 Australian cents
Aggregate total: A$150,629.50
- Price
e) Date of the transaction 1 September 2020
----------------------------------------- --------------------------------------------
f) Place of the transaction Off market transaction
----------------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Clint McGhie
----------------------------------------- --------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------
a) Position/status Company Secretary
----------------------------------------- --------------------------------------------
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 213800WAVVOPS85N2205
----------------------------------------- --------------------------------------------
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 Subscription for cash in pro-rata
non-renounceable entitlement offer
by the Company.
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
A$0.50 20,000
------------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume Aggregate volume: 20,000
Aggregate price: 50 Australian cents
Aggregate total: A$10,000
- Price
e) Date of the transaction 1 September 2020
----------------------------------------- --------------------------------------------
f) Place of the transaction Off market transaction
----------------------------------------- --------------------------------------------
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END
DSHFIFVRARILIII
(END) Dow Jones Newswires
September 01, 2020 02:38 ET (06:38 GMT)
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