Salt Lake Potash Limited Issue of securities and PDMR shareholdings (9767G)
20 Marzo 2020 - 9:32AM
UK Regulatory
TIDMSO4
RNS Number : 9767G
Salt Lake Potash Limited
20 March 2020
20 March 2020 AIM/ASX Code: SO4
SALT LAKE POTASH LIMITED
ISSUE OF SECURITIES
CHANGE OF DIRECTOR'S INTEREST NOTICE
--------------------------------------
Salt Lake Potash Limited ("the Company") advises that Mr Tony
Swiericzuk, Managing Director, has acquired 363,053 fully paid
ordinary shares in the Company purchased on market.
The Company also advises that it has issued 4,172,500 new fully
paid ordinary shares to employees, consultants and directors on
conversion of performance rights following satisfaction of the
Trench/Pond Construction Milestone (refer Announcement 25 February
2020). Mr Tony Swiericzuk was issued 1,500,000 Ordinary Shares on
conversion of these performance rights.
Following acquisition of these shares, Mr Swiericzuk has an
interest in 3,510,263 fully paid ordinary shares representing 1.19%
of the issued share capital. Mr Swiericzuk also holds an indirect
interest in 5 million incentive options and 5,788,324 performance
rights.
A total of 1,250,000 Ordinary Shares on conversion of these
performance rights were also issued to three other persons
discharging managerial responsibilities, as detailed below.
Settlement and dealings
Application will be made to the AIM Market of the London Stock
Exchange ("AIM") for 4,172,500 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 26 March 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 294,462,306 Ordinary Shares in issue with voting
rights attached. Salt Lake holds no shares in treasury. This figure
of 294,462,306 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.
The Company has lodged an Appendix 3Y - Change of Director's
Interest Notice in accordance with the ASX Listing Rules and 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 Tel: +44 (0) 20 7907 8500
(Joint Broker)
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$0.39 50,000
---------------------------------------------------------------------------- -------------------
A$0.38 45,257
---------------------------------------------------------------------------- -------------------
A$0.37 17,796
---------------------------------------------------------------------------- -------------------
A$0.36 100,000
---------------------------------------------------------------------------- -------------------
A$0.34 100,000
---------------------------------------------------------------------------- -------------------
A$0.31 50,000
---------------------------------------------------------------------------- -------------------
d) Aggregated information
Aggregate volume: 363,053
* Aggregated volume Aggregate price: A$0.354
Aggregate total: A$128,733
* Price
e) Date of the transaction 17-19 March 2020
--------------------------------------------------- -------------------------------------------
f) Place of the transaction On market transaction (Australian
Securities Exchange)
--------------------------------------------------- -------------------------------------------
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 Off market transaction (conversion
of performance rights)
--------------------------------------------------- -----------------------------------------
c) Price(s) and volume(s)
------------------ ------------------
Price(s) Volume(s)
------------------ ------------------
Nil 1,500,000
--------------------------------------------------------------------------- ------------------
d) Aggregated information
Aggregate volume: 1,500,000
* Aggregated volume Aggregate price: Nil
Aggregate total: Nil
* Price
e) Date of the transaction 20 March 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 Off market transaction (conversion
of performance rights)
--------------------------------------------------- -----------------------------------------
c) Price(s) and volume(s)
------------------ ------------------
Price(s) Volume(s)
------------------ ------------------
Nil 750,000
--------------------------------------------------------------------------- ------------------
d) Aggregated information
Aggregate volume: 750,000
* Aggregated volume Aggregate price: Nil
Aggregate total: Nil
* Price
e) Date of the transaction 20 March 2020
--------------------------------------------------- -----------------------------------------
f) Place of the transaction Off market transaction
--------------------------------------------------- -----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stephen Cathcart
--------------------------------------------------- -----------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------------
a) Position/status Project Director - Technical
--------------------------------------------------- -----------------------------------------
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 Off market transaction (conversion
of performance rights)
--------------------------------------------------- -----------------------------------------
c) Price(s) and volume(s)
------------------ ------------------
Price(s) Volume(s)
------------------ ------------------
Nil 300,000
--------------------------------------------------------------------------- ------------------
d) Aggregated information
Aggregate volume: 300,000
* Aggregated volume Aggregate price: Nil
Aggregate total: Nil
* Price
e) Date of the transaction 20 March 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 Off market transaction (conversion
of performance rights)
--------------------------------------------------- -----------------------------------------
c) Price(s) and volume(s)
------------------ ------------------
Price(s) Volume(s)
------------------ ------------------
Nil 200,000
--------------------------------------------------------------------------- ------------------
d) Aggregated information
Aggregate volume: 200,000
* Aggregated volume Aggregate price: Nil
Aggregate total: Nil
* Price
e) Date of the transaction 20 March 2020
--------------------------------------------------- -----------------------------------------
f) Place of the transaction Off market transaction
--------------------------------------------------- -----------------------------------------
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END
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March 20, 2020 04:32 ET (08:32 GMT)
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