Salt Lake Potash Limited Appointment of Non-Executive Director

Data : 14/05/2020 @ 08:00
Fonte : UK Regulatory (RNS & others)
Titolo : Salt Lake Potash Limited (SO4)
Quotazione : 33.5  0.0 (0.00%) @ 08:41
Quotazione Salt Lake Potash Grafico

Salt Lake Potash Limited Appointment of Non-Executive Director

Grafico Azioni Salt Lake Potash (LSE:SO4)
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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 
                      --------------- 
 

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

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May 14, 2020 02:00 ET (06:00 GMT)

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