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Salt Lake Potash Ltd - Issue of Shares - Director/PDMR Shareholding

RNS Number : 6318X
Salt Lake Potash Limited
01 September 2020
 

1 September 2020

 

AIM/ASX Code: SO4

 

 

SALT LAKE POTASH LIMITED

 

Not for release to US wire services or distribution in the United States

SHARES ISSUED UNDER RETAIL OFFER

DIRECTORS' SUBSCRIPTION

Salt Lake Potash Limited (SO4 or the Company) advises that following its announcement on 28 August 2020, it has today issued 54,991,200 fully paid ordinary shares (Shares) at an issue price of A$0.50 per Share under the retail entitlement offer announced by the Company on 5 August 2020

The new shares are expected to be admitted to trading on AIM at 8:00am on 2 September 2020.

Directors' subscription

As announced on 28 August 2020, the following directors subscribed for shares under the retail entitlement offer:

Name

Existing Ordinary Shares

Ordinary Shares subscribed for

Resultant holding

Percentage of voting rights

Matthew Bungey

1,394,075

100,000

1,494,075

0.27%

Mark Pearce

4,050,000

400,000

4,450,000

0.79%

Bryn Jones

50,000

15,625

65,625

0.01%

 

The Notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide additional information on the above subscriptions by directors and on subscriptions by other members of the Company's senior management.

 

For further information please visit https://www.so4.com.au/  or contact:

 

Tony Swiericzuk / Richard Knights

Salt Lake Potash Limited

Tel: +61 8 6559 5800

Colin Aaronson / Seamus Fricker

Grant Thornton UK LLP (Nominated Adviser)

Tel: +44 (0) 20 7383 5100

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 Company Secretary, Mr Clint McGhie.

Not for release to US wire services or distribution in the United States.

This announcement has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws.

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.

 

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

Matthew Bungey

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification /Amendment

Initial notification

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 financial instrument, type of instrument

Ordinary shares of  no par value

Identification code

AU000000SO44

b)

Nature of the transaction

Subscription for cash in pro-rata non-renounceable entitlement offer by the Company.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




A$0.50

100,000







d)

 

Aggregated information


- Aggregated volume

Aggregate volume: 100,000

Aggregate price: 50 Australian cents

Aggregate total: A$50,000

- Price


e)

Date of the transaction

1 September 2020

f)

Place of the transaction

Off market transaction

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Pearce

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification /Amendment

Initial notification

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 financial instrument, type of instrument

Ordinary shares of  no par value

Identification code

AU000000SO44

b)

Nature of the transaction

Subscription for cash in pro-rata non-renounceable entitlement offer by the Company.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




A$0.50

400,000


d)

 

Aggregated information


- Aggregated volume

Aggregate volume: 400,000

Aggregate price: 50 Australian cents

Aggregate total: A$200,000

- Price


e)

Date of the transaction

1 September 2020

f)

Place of the transaction

Off market transaction

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Bryn Jones

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification /Amendment

Initial notification

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 financial instrument, type of instrument

Ordinary shares of  no par value

Identification code

AU000000SO44

b)

Nature of the transaction

Subscription for cash in pro-rata non-renounceable entitlement offer by the Company.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




A$0.50

15,625


d)

 

Aggregated information


- Aggregated volume

Aggregate volume: 15,625

Aggregate price: 50 Australian cents

Aggregate total: A$7,812.50

- Price


e)

Date of the transaction

1 September 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 /Amendment

Initial notification

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 financial instrument, type of instrument

Ordinary shares of  no par value

Identification code

AU000000SO44

b)

Nature of the transaction

Subscription for cash in pro-rata non-renounceable entitlement offer by the Company.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




A$0.50

301,259


d)

 

Aggregated information


- Aggregated volume

Aggregate volume: 301,259

Aggregate price: 50 Australian cents

Aggregate total: A$150,629.50

- Price


e)

Date of the transaction

1 September 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 /Amendment

Initial notification

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 financial instrument, type of instrument

Ordinary shares of  no par value

Identification code

AU000000SO44

b)

Nature of the transaction

Subscription for cash in pro-rata non-renounceable entitlement offer by the Company.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




A$0.50

20,000


d)

 

Aggregated information


- Aggregated volume

Aggregate volume: 20,000

Aggregate price: 50 Australian cents

Aggregate total: A$10,000

- Price


e)

Date of the transaction

1 September 2020

f)

Place of the transaction

Off market transaction

 

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Price: 29.14

Market: AIM
Market Cap: £170.56 m
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