Salt Lake Potash Limited Completion of Placement and Directors Subscription (3168C)
07 Febbraio 2020 - 08:38AM
UK Regulatory
TIDMSO4
RNS Number : 3168C
Salt Lake Potash Limited
07 February 2020
7 February 2020 AIM/ASX Code: SO4
SALT LAKE POTASH LIMITED
COMPLETION OF PLACEMENT AND DIRECTORS' SUBSCRIPTION
-----------------------------------------------------
Salt Lake Potash Limited ("the Company") is pleased to announce
that it has now completed the placement of 33.6 million new
ordinary shares of the Company, to raise gross proceeds of A$23.5
million ("Placement"), first announced on 6 December 2020.
The second tranche of the Placement has been completed following
shareholder approval at a General Meeting held on 29 January 2020.
The issue comprised 678,571 ordinary shares of no par value at a
price of A$0.70 per share, including 428,571 shares subscribed for
by the CEO, Mr Tony Swiericzuk, and 250,000 shares by the Company's
Chairman, Mr Ian Middlemas.
The Company has also issued 1 share to each holder (a total of 4
shares) of the 7,500,000 Class B Performance Shares that expired 31
December 2019, in accordance with the terms and conditions of the
Performance Shares.
Application has been made to the AIM Market of the London Stock
Exchange ("AIM") for the admission of the 678,575 Ordinary Shares,
which rank pari passu with the Company's existing issued Ordinary
Shares, to be admitted to trading. Dealings on AIM are expected to
commence at 8:00am on or around 12 February 2020 ("Admission").
Total Voting Rights
For the purposes of the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules ("DTRs"), following Admission, Salt
Lake will have 290,289,806 Ordinary Shares in issue with voting
rights attached. Salt Lake holds no shares in treasury. This figure
of 290,289,806 may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in the Company, under the ASX Listing Rules or the
DTRs.
Directors' interests
Following the issue of these shares, the directors will have the
following interests in shares:
Number of shares Percentage of issued
share capital
Ian Middlemas 12,000,000 4.13%
Tony Swiericzuk 1,647,210 0.57%
Mr Swiericzuk also holds an indirect interest in 5 million
incentive options and 7,288,324 performance rights.
The Notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation provide additional
information.
For further information please visit www.so4.com.au or
contact:
Tony Swierizcuk / Richard Salt Lake Potash Limited Tel: +61 8 6559 5800
Knights
Colin Aaronson / Richard Grant Thornton UK LLP Tel: +44 (0) 20 7383 5100
Tonthat / Seamus Fricker (Nominated Adviser)
Derrick Lee / Peter Lynch Cenkos Securities plc Tel: +44 (0) 131 220 6939
(Joint Broker)
Rupert Fane / Ernest Bell Hannam & Partners (Joint Broker) Tel: +44 (0) 20 7907 8500
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$0.70 678,571
----------------------------------------------------------------------------- -------------------
d) Aggregated information
Aggregate volume: 428,571
* Aggregated volume Aggregate price: 70 Australian cents
Aggregate total: A$300,000
* Price
e) Date of the transaction 7 February 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$0.70 250,000
----------------------------------------------------------------------------- -------------------
d) Aggregated information
Aggregate volume: 250,000
* Aggregated volume Aggregate price: 70 Australian cents
Aggregate total: A$175,000
* Price
e) Date of the transaction 7 February 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
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February 07, 2020 02:38 ET (07:38 GMT)
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