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Salt Lake Potash Ltd (SO4)

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Wednesday 11 August, 2021

Salt Lake Potash Ltd

Issue of Placement Shares to Directors

RNS Number : 2403I
Salt Lake Potash Limited
11 August 2021
 

11 August 2021

AIM/ASX Code: SO4

 

 

SALT LAKE POTASH LIMITED

ISSUE OF PLACEMENT SHARES TO DIRECTORS

Salt Lake Potash Limited ("SO4" or the "Company") is pleased to announce that it has now completed the issue to Directors of 2,805,000 ordinary shares of the Company of no par value ("Ordinary Shares") at A$0.35 per share, being Tranche 2 of the Placement originally announced on 24 May 2021, following shareholder approval at a General Meeting held on 13 July 2021.

Directors' interests

Shares were issued as follows:

 

Number of Ordinary Shares issued

Total Number of Ordinary Shares following issue

Percentage of enlarged issued share capital

Ian Middlemas

2,500,000

22,500,000

2.76%

Tony Swiericzuk

250,000

5,454,470

0.67%

Peter Thomas

55,000

300,000

0.04%

Mr Swiericzuk also holds an indirect interest in 5 million unlisted options and 5,879,377 performance rights. Mr Thomas holds an interest in 500,000 unlisted options.

The Notifications below, made in accordance with the requirements of the UK Market Abuse Regulation provide additional information.

Settlement and dealings

Application has been made to the AIM Market of the London Stock Exchange ("AIM") for the admission of the 2,805,000 Ordinary Shares, which rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on AIM ("Admission"), with Admission expected to take place on or around 13 August 2021.

Total Voting Rights

For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules (DTRs), following Admission SO4 will have 816,475,721 Ordinary Shares in issue with voting rights attached. The Company holds no shares in treasury. This figure of 816,475,721 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the ASX Listing Rules or the DTRs.

 

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

 

Tony Swierizcuk / Richard Knights

Salt Lake Potash Limited

Tel: +61 8 6559 5800

Colin Aaronson / Lukas Girzadas

Grant Thornton UK LLP (Nominated Adviser)

Tel: +44 (0) 20 7383 5100

Derrick Lee / Peter Lynch

Cenkos Securities plc (Broker)

Tel: +44 (0) 131 220 6939




 

 

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

 

 Arredo Pty Ltd 

2

 

Reason for the notification

 

a)

 

Position/status

 

Arredo Pty Ltd is a company associated with Ian Middlemas, Chairman

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

 

213800ZYZHFUDQ784B24

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 a placement by the Company

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




A$0.35

2,500,000







d)

 

Aggregated information




- Aggregated volume

N/A - single transaction

- Price






e)

Date of the transaction

10 August 2021

f)

Place of the transaction

Off market transaction

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Mr Tony James Swiericzuk and Ms Beverley Jean Eaton Swiericzuk <Bevton Family A/C>

2

 

Reason for the notification

 

a)

 

Position/status

 

Tony Swierczuk is Chief Executive 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

 

213800ZYZHFUDQ784B24

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 a placement by the Company

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




A$0.35

250,000







d)

 

Aggregated information




- Aggregated volume

N/A - single transaction

- Price






e)

Date of the transaction

10 August 2021

f)

Place of the transaction

Off market transaction

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Peter Thomas

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

 

213800ZYZHFUDQ784B24

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 a placement by the Company

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




A$0.35

55,000







d)

 

Aggregated information




- Aggregated volume

N/A - single transaction

- Price






e)

Date of the transaction

10 August 2021

f)

Place of the transaction

Off market transaction

 

 

 

 

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