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Kore Potash PLC received a TR-1 notification from Allan Gray Proprietary Limited regarding an acquisition of shares on behalf of its clients. This acquisition, which crossed a threshold on 27 March 2025, resulted in Allan Gray Proprietary Limited holding 223,250,000 voting rights, representing 4.618700% of Kore Potash PLC's total voting rights.
| Date | 2 Apr 2025 |
| Time | 07:15:00 |
| Category | Holding(s) in company |
| ID | 2388D |
2 April 2025
("Kore Potash" or "the Company")
Kore Potash plc, the potash development company with 97% ownership of the Kola and DX Potash Projects in the Sintoukola Basin, announces that it has received the following TR-1 notification in relation to an acquisition of shares by Allan Gray Proprietary Limited on behalf of its clients presented below.
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00BYP2QJ94
Issuer Name
KORE POTASH PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Allan Gray Proprietary Limited
City of registered office (if applicable)
Cape Town
Country of registered office (if applicable)
South Africa
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
27-Mar-2025
6. Date on which Issuer notified
01-Apr-2025
7. Total positions of person(s) subject to the notification obligation
|
% of voting rights attached to shares (total of 8.A) |
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2) |
Total of both in % (8.A + 8.B) |
Total number of voting rights held in issuer |
|
|
Resulting situation on the date on which threshold was crossed or reached |
4.618700 |
0.000000 |
4.618700 |
223250000 |
|
Position of previous notification (if applicable) |
|
|
|
|
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
|
Class/Type of shares ISIN code(if possible) |
Number of direct voting rights (DTR5.1) |
Number of indirect voting rights (DTR5.2.1) |
% of direct voting rights (DTR5.1) |
% of indirect voting rights (DTR5.2.1) |
|
GB00BYP2QJ94 |
223,250,000 |
|
4.618700 |
|
|
Sub Total 8.A |
223,250,000 |
4.618700% |
||
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
|
Type of financial instrument |
Expiration date |
Exercise/conversion period |
Number of voting rights that may be acquired if the instrument is exercised/converted |
% of voting rights |
|
|
|
|
|
|
|
Sub Total 8.B1 |
|
|
|
|
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
|
Type of financial instrument |
Expiration date |
Exercise/conversion period |
Physical or cash settlement |
Number of voting rights |
% of voting rights |
|
|
|
|
|
|
|
|
Sub Total 8.B2 |
|
|
|
||
9. Information in relation to the person subject to the notification obligation
1. Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.
|
Ultimate controlling person |
Name of controlled undertaking |
% of voting rights if it equals or is higher than the notifiable threshold |
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold |
Total of both if it equals or is higher than the notifiable threshold |
|
|
|
|
|
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10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
12. Date of Completion
01-Apr-2025
13. Place Of Completion
Cape Town, South Africa
For further information, please visit www.korepotash.com or contact:
|
Kore Potash Andre Baya, CEO |
|
|
Andrey Maruta, CFO |
Tel: +44 (0) 20 3963 1776 |
|
Tavistock Communications Emily Moss Nick Elwes
|
Tel: +44 (0) 20 7920 3150 |
|
SP Angel Corporate Finance - Nomad and Broker Ewan Leggat Charlie Bouverat Grant Barker |
Tel: +44 (0) 20 7470 0470 |
|
Shore Capital - Joint Broker Toby Gibbs James Thomas |
Tel: +44 (0) 20 7408 4050 |
|
Questco Corporate Advisory - JSE Sponsor Doné Hattingh |
Tel: +27 63 482 3802 |