TIDMSO4
RNS Number : 8916M
Salt Lake Potash Limited
14 May 2020
14 May 2020 AIM/ASX Code: SO4
SALT LAKE POTASH LIMITED
-------------------------
SO4 STRENGTHENS BOARD
Salt Lake Potash Limited (SO4 or the Company) is pleased to
announce the appointment of Mr Matt Bungey to the Board as a
Non-Executive Director effective from today.
Mr Bungey is a Chemical Engineer with over 20 years' experience
in Natural Resources. He commenced his career as a Process Engineer
with BHP at the Centre for Minerals Technology in the United States
where he was responsible for process design and research into
bacterial leaching of copper-sulphide ore. He then spent several
years in the Marketing Division of BHP Billiton based in The
Hague.
Mr Bungey was most recently a Managing Director and Head of
Mining and Metals with Barclays Investment Bank in London.
Mr Bungey has worked as a consultant to SO4 since the beginning
of 2019 and has played a key role in the advancement of the Lake
Way Project. He is also an Independent Director of BGC Group, a
large private enterprise based in Perth.
Mr Bungey holds an MBA from INSEAD with Distinction (2005) and a
B. Chem Eng (Hons) and B.Sci from the University of Melbourne.
TONY SWIERICZUK, Chief Executive Officer
"Since 2019, Matt has made a significant contribution to the
rapid advancement of our Lake Way Project. He brings wide-ranging
experience in chemical engineering, mining finance and corporate
strategy to the SO4 board and is a valuable appointment."
Further information as required by Rule 17 and Schedule Two,
paragraph (g) of the AIM Rules for Companies, is set out below:
Matthew James Bungey, aged 45, is or has been a director of the
following companies in the last five years:
Current Directorships/Partnerships
BGC Australia Pty Ltd
Esther Investment Proprietary Limited
Trigg Capital Pty Ltd
There is no further information required to be disclosed
pursuant to Schedule Two, paragraph (g) of the AIM Rules for
Companies.
Mr Bungey has an interest in 1,394,075 fully paid ordinary
shares representing 0.4% of the issued share capital of the Company
and holds an indirect interest in 450,000 incentive options and
1,500,000 performance rights. A copy of the Appendix 3X - Initial
Directors Interest Notice lodged on ASX today is copied below.
For further information or to view a full version of this
announcement, please visit www.so4.com.au or contact:
Tony Swiericzuk / Richard Knights Salt Lake Potash Limited Tel: +61 8 6559 5800
Colin Aaronson / Richard Tonthat / Seamus Grant Thornton UK LLP (Nominated Adviser) Tel: +44 (0) 20 7383 5100
Fricker
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 Board
of Directors.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
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.
Appendix 3X
Initial Director's Interest Notice
Information or documents not available now must be given to ASX
as soon as available. Information and documents given to ASX become
ASX's property and may be made public.
Introduced 30/9/2001.
Name of entity Salt Lake Potash Limited
ABN 98 117 085 748
We (the entity) give ASX the following information under listing
rule 3.19A.1 and as agent for the director for the purposes of
section 205G of the Corporations Act.
Name of Director Matthew Bungey
Date of appointment 14 May 2020
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Part 1 - Director's relevant interests in securities of which
the director is the registered holder
In the case of a trust, this includes interests in the trust
made available by the responsible entity of the trust
Note: In the case of a company, interests which come within
paragraph (i) of the definition of "notifiable interest of a
director" should be disclosed in this part.
Number & class of securities
106,958 fully paid ordinary shares
Part 2 - Director's relevant interests in securities of which
the director is not the registered holder
In the case of a trust, this includes interests in the trust
made available by the responsible entity of the trust
Name of holder & nature Number & class of Securities
of interest
Note: Provide details
of the circumstances
giving rise to the relevant 1,287,117 fully paid ordinary
interest. shares
Trigg Capital Pty Ltd 100,000 incentive options (exercise
(director and beneficial price $0.60, expiry date 1 November
interest) 2023)
150,000 incentive options (exercise
price $1.00, expiry date 1 November
2023)
200,000 incentive options (exercise
price $1.20, expiry date 1 November
2023)
1,500,000 unlisted performance
rights (subject to various performance
conditions to be satisfied prior
to the relevant expiry dates
between 30 June 2020 and 1 November
2023)
Part 3 - Director's interests in contracts
Note: In the case of a company, interests which come within
paragraph (ii) of the definition of "notifiable interest of a
director" should be disclosed in this part.
Detail of contract Not applicable
Nature of interest Not applicable
---------------
Name of registered holder Not applicable
(if issued securities)
---------------
No. and class of securities Not applicable
to which interest relates
---------------
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
BOAKZGMKKDKGGZG
(END) Dow Jones Newswires
May 14, 2020 02:00 ET (06:00 GMT)
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