TIDMSO4

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   Total Number of    Percentage of enlarged 
                       Shares issued      Ordinary Shares    issued share capital 
                                          following issue 
 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                 Salt Lake Potash Limited                  Tel: +61 8 6559 5800 
              Knights 
              Colin Aaronson / Lukas                    Grant Thornton UK LLP        Tel: +44 (0) 20 7383 5100 
              Girzadas                                  (Nominated Adviser) 
              Derrick Lee / Peter Lynch                 Cenkos Securities plc        Tel: +44 (0) 131 220 6939 
                                                        (Broker) 
 
 

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                    Initial notification 
                     /Amendment 
      ---------------------------------------------------  -------------------------------------------------- 
 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                      Ordinary shares of no par value 
                     financial instrument, 
                     type of instrument 
 
       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 
 
                                                       N/A - single transaction 
    *    Aggregated volume 
 
    *    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                    Initial notification 
                     /Amendment 
      ---------------------------------------------------  -------------------------------------------------- 
 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                      Ordinary shares of no par value 
                     financial instrument, 
                     type of instrument 
 
       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 
 
                                                       N/A - single transaction 
    *    Aggregated volume 
 
    *    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                    Initial notification 
                     /Amendment 
      ---------------------------------------------------  -------------------------------------------------- 
 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                      Ordinary shares of no par value 
                     financial instrument, 
                     type of instrument 
 
       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 
 
                                                       N/A - single transaction 
    *    Aggregated volume 
 
    *    Price 
 
 
 e)    Date of the transaction                              10 August 2021 
      ---------------------------------------------------  -------------------------------------------------- 
 f)    Place of the transaction                             Off market transaction 
      ---------------------------------------------------  -------------------------------------------------- 
 

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August 11, 2021 02:00 ET (06:00 GMT)

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