Salt Lake Potash Limited Issue of Shares and Directors' Subscription (2976W)
17 Agosto 2020 - 08:00AM
UK Regulatory
TIDMSO4
RNS Number : 2976W
Salt Lake Potash Limited
17 August 2020
17 August 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 INSTITUTIONAL OFFER
DIRECTORS' SUBSCRIPTION
Salt Lake Potash Limited (SO4 or the Company) advises that
following its announcements of 11 August 2020 and 14 August 2020,
it has issued the following today:
-- 142,083,323 fully paid ordinary shares (Shares) at an issue
price of A$0.50 per Share to sophisticated and professional
investors under the intstitutional entitlement offer and placement
announced by the Company on 5 August 2020; and
-- 11,111,113 Shares at a conversion price of A$0.45 per Share
on conversion of the convertible notes issued to institutional
investors as announced by the Company on 2 July 2020.
A notice under section 708A(5)(e) in respect of the shares
issued under the placement and on conversion of the convertible
notes has been lodged on ASX and the Shares are expected to be
admitted to trading on AIM later this morning.
Directors' subscription
As announced on 11 August 2020, the following directors
subscribed for shares in the Institutional Enttlement Offer
pursuant to their entitlement and, as a result, have the following
interests in the voting rights of the Company:
Name Existing Shares subscribed Resultant Percentage
Shares for holding of voting
rights
Ian Middlemas 14,250,000 2,750,000 17,000,000 3.36%
----------- ------------------ ----------- -----------
Tony Swiericzuk 4,016,146 400,000 4,416,146 0.87%
----------- ------------------ ----------- -----------
The Notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation, provide additional
information.
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 Tony Swiericzuk
----------------------------------------- --------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------
a) Position/status Chief Executive 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 a placement
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 17 August 2020
----------------------------------------- --------------------------------------------
f) Place of the transaction Off market transaction
----------------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ian Middlemas
----------------------------------------- --------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------
a) Position/status Chairman
----------------------------------------- --------------------------------------------
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 a placement
by the Company
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
A$0.50 2,750,000
------------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume Aggregate volume: 2,750,000
Aggregate price: 50 Australian cents
Aggregate total: A$1,375,000
- Price
e) Date of the transaction 17 August 2020
----------------------------------------- --------------------------------------------
f) Place of the transaction Off market transaction
----------------------------------------- --------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHSFUSLWESSEFA
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August 17, 2020 02:00 ET (06:00 GMT)
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