Results of AGM

RNS Announcement

RNS Number : 7500S

Kore Potash PLC

27 June 2018

Kore Potash Plc

("Kore Potash" or the "Company")

Kore Potash - Results of AGM

Kore Potash plc, (ASX: KP2, AIM: KP2, JSE: KP2) the potash development company whose flagship asset is the 97%-owned Sintoukola Potash Project ("Kola" or the "Project"), is pleased to announce that the resolutions put to its Annual General Meeting ("AGM") held earlier today, Wednesday 27 June 2018, were duly passed.

The Company also advises that a change to the wording of resolution 24 was put to the AGM. Due to a typographical error, the resolution made reference to an aggregated nominal amount of US286,411,481 instead of US257,770 (being approximately 30% of the Company's share capital). No objections were received to the amended wording and with the consent of the meeting resolution 24 was passed in its amended form.

The resolutions were all passed on a show of hands.

The following statistics, as detailed in the attached Annexure A, are provided in respect of each motion on the Agenda of Kore Potash Limited's AGM.

ENDS

For further information, please visit www.korepotash.com or contact:

Kore Potash David Hathorn		Tel: +27 11 469 9140
Tavistock Communications Jos Simson Edward Lee		Tel: +44 (0) 20 7920 3150
Canaccord Genuity - Nomad and Broker Martin Davison James Asensio		Tel: +44 (0) 20 7523 4600

ANNEXURE A:

In respect to each resolution the total number of votes exercisable by all validly appointed proxies was as follows:

RESOLUTION	TOTAL VOTES VALIDLY CAST	FOR	DISCRETION - CHAIRMAN	DISCRETION - OTHER	AGAINST	VOTES WITHHELD
Resolution 1 - Receive the 2017 Annual Report	478,719,349	478,084,912	330,479	20,034	155,652	128,272
Resolution 2 - Approval of Remuneration Report	478,719,349	477,187,760	325,479	20,034	238,013	948,063
Resolution 3 - Re-appointment and Remuneration of Auditors	478,719,349	474,875,547	325,479	20,034	3,333,156	165,133
Resolution 4 - Re-appointment of David Hathorn as a Director	478,719,349	456,475,546	333,479	20,034	157,052	21,733,238
Resolution 5 - Re-appointment of Brad Sampson as a Director	478,719,349	478,105,612	325,479	20,034	152,052	116,172
Resolution 6 - Re-appointment of Leonard Math as a Director	478,719,349	478,055,951	325,479	20,034	151,052	166,833
Resolution 7 - Re-appointment of Jonathan Trollip as a Director	478,719,349	477,264,237	325,479	20,034	151,052	958,547
Resolution 8 - Re-appointment Timothy Keating as a Director	478,719,349	478,050,665	325,479	20,034	156,338	166,833
Resolution 9 - Re-appointment of David Netherway as a Director	478,719,349	478,099,912	325,479	20,034	156,052	117,872
Resolution 10 - Re-appointment of Jose Antonio Merino as a Director	478,719,349	478,051,651	325,479	20,034	157,052	165,133
Resolution 11 - Ratification of prior issue of Shares to Canaccord Genuity Limited	478,719,349	478,018,474	325,479	20,034	208,613	146,749

ANNEXURE A (CONTINUED):

RESOLUTION	TOTAL VOTES VALIDLY CAST	FOR	DISCRETION - CHAIRMAN	DISCRETION - OTHER	AGAINST	VOTES WITHHELD
Resolution 12 - Ratification of prior issue of Shares to Renaissance Securities (Cyprus) Limited and Rencap Securities (Pty) Limited	478,719,349	478,018,474	325,479	20,034	208,613	146,749
Resolution 13 - Issue of Warrants	164,195,349	163,497,376	325,479	20,034	232,188	120,272
Resolution 14 - Approval for issue of Shares and Warrants to Theseus (Guernsey) Limited on conversion of Convertible Loan	478,719,349	456,429,659	325,479	20,034	229,723	21,714,454
Resolution 15 - Approval to cancel and re-grant Performance Rights to David Hathorn	162,887,385	140,572,989	325,479	20,034	243,819	21,725,064
Resolution 16 - Approval to cancel and re-grant Performance Rights to Jonathan Trollip	162,887,385	161,349,380	325,479	20,034	243,819	948,673
Resolution 17 - Approval to cancel and re-grant Performance Rights to Leonard Math	162,887,385	162,141,094	332,979	20,034	236,319	156,959
Resolution 18 - Approval for the grant of 750,000 Performance Rights to David Netherway	162,887,385	162,141,094	325,479	20,034	269,219	131,559
Resolution 19 - Approval for the grant of 750,000 Performance Rights to Timothy Keating	162,887,385	162,141,094	325,479	20,034	269,219	131,559
Resolution 20 - Approval for the grant of 4,000,000 Options to David Hathorn	162,882,385	140,556,350	337,308	20,034	264,219	21,704,474
Resolution 21 - Approval for the grant of 17,200,000 Options to Brad Sampson	162,887,385	162,133,357	325,479	20,034	272,146	136,369
Resolution 22 - Issue of 500,000 Performance Rights to Sean Bennett	162,887,385	162,141,094	325,479	20,034	269,219	131,559

ANNEXURE A (CONTINUED):

RESOLUTION	TOTAL VOTES VALIDLY CAST	FOR	DISCRETION - CHAIRMAN	DISCRETION - OTHER	AGAINST	VOTES WITHHELD
Resolution 23 - Issue of 1,050,000 Performance Rights to Sean Bennett	162,887,385	162,107,117	325,479	20,034	298,386	136,369
Resolution 24 - Authority to allot Shares	478,719,349	474,817,260	325,479	20,034	3,398,317	158,259
Resolution 25 - Disapplication of Pre-emption Rights (Special Resolution)	478,719,349	474,783,450	345,479	20,034	3,411,127	159,259

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END

RAGEANKXALPPEEF

RNS metadata

Title: Results of AGM
Time: 12:01:03
Date: 27 Jun 2018
Category: AGMs and other meetings
ID: 7500S