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Salt Lake Potash Ltd (SO4)

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Wednesday 20 October, 2021

Salt Lake Potash Ltd

Appointment of Receivers and Managers

RNS Number : 6429P
Salt Lake Potash Limited
20 October 2021
 

20 October 2021

AIM/ASX Code: SO4

 

 

SALT LAKE POTASH LIMITED

APPOINTMENT OF RECEIVERS AND MANAGERS

 

Salt Lake Potash Limited (Administrators Appointed) (Receivers and Managers Appointed) ACN 117 085 748 and its subsidiaries outlined in Schedule 1 ('the Group')

Notice is hereby given that Richard Tucker and Craig Shepard of KordaMentha were appointed as Receivers and Managers of each company in the Group on 20 October 2021 pursuant to security  interests duly registered on the Personal Property Securities Register.

Their appointment as Receivers and Managers of the Group followed the appointment of Martin Jones, Tom Birch and Hayden White of KPMG as Voluntary Administrators of each company in the Group earlier on 20 October 2021.

The effect of the appointment is that the Receivers and Managers are now in control of the Group's assets, undertakings and operations. The Receivers and Managers are conducting an urgent assessment of the Company's financial position as operations continue as usual.

 

The Receivers and Managers will commence a process to market the Company and its assets for sale and recapitalisation opportunities in the coming weeks. Interested parties should contact the Receivers   and Managers to lodge an expression of interest.

The contact details of the Receivers and Managers are:

 

KordaMentha

Level 10, 40 St Georges Terrace

Perth WA 6000

Tel: +61 8 9220 9333

Email:  [email protected]

 

Media should contact Mike Smith from Inside PR 0411 055 306.

Shareholder queries should be directed to KPMG. Contract details are: KPMG

235 St Georges Terrace Perth WA 6000

Tel: +61 8 9263 7171

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

Schedule 1

 

Company(allAdministratorsappointed)(allReceiversandManagersappointed)

ACN

SO4FertiliserHoldingsPtyLtd

633 114 628

SO4FertiliserDevelopmentsPtyLtd

634354224

TwoLakeHoldingsPtyLtd

633 114 637

TwoLakeDevelopmentsPtyLtd

634 354 233

PiperPrestonPty.Ltd.

142 962 409

AustraliaSaltLakePotashPty.Ltd.

164 369 420

IrveHoldingsPtyLtd

633114619

IrveDevelopmentsPtyLtd

634354215

 

 

 

For further information, please contact:

 

KPMG

Tel:  +61 8 9263 7171

[email protected]

Grant Thornton UK LLP (Nominated Adviser)

Colin Aaronson / Lukas Girzadas

Tel: +44 (0) 20 7383 5100

 

 

 

 

 

 

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