logo-loader
viewSalt Lake Potash Ltd

Salt Lake Potash Ltd - Issue of securities and PDMR shareholdings

RNS Number : 9767G
Salt Lake Potash Limited
20 March 2020
 

20 March 2020

AIM/ASX Code: SO4

 

 

SALT LAKE POTASH LIMITED

ISSUE OF SECURITIES

CHANGE OF DIRECTOR'S INTEREST NOTICE

Salt Lake Potash Limited ("the Company") advises that Mr Tony Swiericzuk, Managing Director, has acquired 363,053 fully paid ordinary shares in the Company purchased on market.

The Company also advises that it has issued 4,172,500 new fully paid ordinary shares to employees, consultants and directors on conversion of performance rights following satisfaction of the Trench/Pond Construction Milestone (refer Announcement 25 February 2020). Mr Tony Swiericzuk was issued 1,500,000 Ordinary Shares on conversion of these performance rights.

Following acquisition of these shares, Mr Swiericzuk has an interest in 3,510,263 fully paid ordinary shares representing 1.19% of the issued share capital. Mr Swiericzuk also holds an indirect interest in 5 million incentive options and 5,788,324 performance rights.

A total of 1,250,000 Ordinary Shares on conversion of these performance rights were also issued to three other persons discharging managerial responsibilities, as detailed below.

Settlement and dealings

Application will be made to the AIM Market of the London Stock Exchange ("AIM") for 4,172,500 Ordinary Shares, which rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading. Dealings on AIM are expected to commence at 8:00am on or around 26 March 2020 ("Admission").

Total Voting Rights

For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules ("DTRs"), following Admission, Salt Lake will have 294,462,306 Ordinary Shares in issue with voting rights attached. Salt Lake holds no shares in treasury. This figure of 294,462,306 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.

The Company has lodged an Appendix 3Y - Change of Director's Interest Notice in accordance with the ASX Listing Rules and the Notifications below, made in accordance with the requirements of the EU Market Abuse Regulation provide additional information.

 

 

               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 / Richard Tonthat / 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

 

 

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

Tony Swiericzuk

2

 

Reason for the notification

 

a)

 

Position/status

 

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

 

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 a placement by the Company

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

A$0.39

50,000

 

 

 

A$0.38

45,257

 

 

 

A$0.37

17,796

 

 

 

A$0.36

100,000

 

 

 

A$0.34

100,000

 

 

 

A$0.31

50,000

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

Aggregate volume: 363,053

Aggregate price: A$0.354

Aggregate total: A$128,733

 

 

- Price

 

 

 

 

 

 

e)

 

Date of the transaction

17-19 March 2020

f)

 

Place of the transaction

 

On market transaction (Australian Securities Exchange)

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Tony Swiericzuk

2

 

Reason for the notification

 

a)

 

Position/status

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

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

Off market transaction (conversion of performance rights)

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

Nil

1,500,000

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

Aggregate volume: 1,500,000

Aggregate price: Nil

Aggregate total: Nil

 

 

- Price

 

 

 

 

 

 

e)

 

Date of the transaction

20 March 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

Off market transaction (conversion of performance rights)

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

Nil

750,000

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

Aggregate volume: 750,000

Aggregate price: Nil

Aggregate total: Nil

 

 

- Price

 

 

 

 

 

 

e)

 

Date of the transaction

20 March 2020

f)

 

Place of the transaction

 

Off market transaction

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Stephen Cathcart

2

 

Reason for the notification

 

a)

 

Position/status

 

Project Director - Technical

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

Off market transaction (conversion of performance rights)

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

Nil

300,000

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

Aggregate volume: 300,000

Aggregate price: Nil

Aggregate total: Nil

 

 

- Price

 

 

 

 

 

 

e)

 

Date of the transaction

20 March 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

Off market transaction (conversion of performance rights)

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

Nil

200,000

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

Aggregate volume: 200,000

Aggregate price: Nil

Aggregate total: Nil

 

 

- Price

 

 

 

 

 

 

e)

 

Date of the transaction

20 March 2020

f)

 

Place of the transaction

Off market transaction

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
IOEKKKBBFBKKFNB

Quick facts: Salt Lake Potash Ltd

Price: 32.5

Market: AIM
Market Cap: £113.92 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Salt Lake Potash heavily involved in finalising the engineering and design...

Salt Lake Potash Ltd's (ASX:SO4) (LON:SO4) Tony Swiericzuk updates Proactive London's Andrew Scott on the ongoing development of the Lake Way Sulphate of Potash Project in the Goldfields region of WA. He says early process plant construction work has begun and the project remains on schedule...

3 weeks, 5 days ago