Issue of securities and PDMR shareholdings
Updated : 08:32
20 March 2020 | AIM/ASX Code: SO4
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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 | 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
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a)
| Name | Tony Swiericzuk | |||
2
| Reason for the notification
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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
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a)
| Description of the financial instrument, type of instrument | Ordinary shares of no par value | |||
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Identification code | AU000000SO44 | ||||
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b)
| Nature of the transaction | Subscription for cash in a placement by the Company | |||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| A$0.39 | 50,000 |
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| A$0.38 | 45,257 |
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| A$0.37 | 17,796 |
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| A$0.36 | 100,000 |
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| A$0.34 | 100,000 |
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| A$0.31 | 50,000 |
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d)
| Aggregated information |
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- Aggregated volume | Aggregate volume: 363,053 Aggregate price: A$0.354 Aggregate total: A$128,733 | ||||
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- Price |
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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 | |||
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Identification code | AU000000SO44 | ||||
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b)
| Nature of the transaction | Off market transaction (conversion of performance rights) | |||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| Nil | 1,500,000 |
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d)
| Aggregated information |
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- Aggregated volume | Aggregate volume: 1,500,000 Aggregate price: Nil Aggregate total: Nil | ||||
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- Price |
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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 | |||
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| ||||
Identification code | AU000000SO44 | ||||
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b)
| Nature of the transaction | Off market transaction (conversion of performance rights) | |||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| Nil | 750,000 |
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d)
| Aggregated information |
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- Aggregated volume | Aggregate volume: 750,000 Aggregate price: Nil Aggregate total: Nil | ||||
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- Price |
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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 | |||
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Identification code | AU000000SO44 | ||||
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b)
| Nature of the transaction | Off market transaction (conversion of performance rights) | |||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| Nil | 300,000 |
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d)
| Aggregated information |
| |||
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- Aggregated volume | Aggregate volume: 300,000 Aggregate price: Nil Aggregate total: Nil | ||||
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- Price |
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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 | ||||
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b)
| Nature of the transaction | Off market transaction (conversion of performance rights) | |||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| Nil | 200,000 |
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d)
| Aggregated information |
| |||
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- Aggregated volume | Aggregate volume: 200,000 Aggregate price: Nil Aggregate total: Nil | ||||
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- Price |
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e)
| Date of the transaction | 20 March 2020 | |||
f)
| Place of the transaction | Off market transaction | |||
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