Kore Potash schedules AGM for June 11, proposes share issuance

Published 12/05/2025, 07:10
Kore Potash schedules AGM for June 11, proposes share issuance

LONDON - Kore Potash PLC (AIM:KP2, ASX: KP2, JSE:KP2), a potash development company, has announced that its 2025 Annual General Meeting (AGM) is set for Wednesday, June 11, 2025. The meeting will be held at 107 Cheapside, Second Floor, London, at 09:30 UK time, with the option for shareholders to participate remotely via an electronic audio webcast.

The AGM agenda includes a proposal for shareholder approval of a US$0.5 million subscription by David Hathorn through the Belle Terre Trust and Stapleford Trust. If approved, this would result in the issuance of 22,644,928 new ordinary shares at US$0.001 each. The subscription was previously announced on March 21, 2025, and April 2, 2025.

To facilitate shareholder participation, Kore Potash has encouraged voting by proxy, with a deadline for electronic or hard copy submissions set for 09:30 UK time on June 9, 2025. Shareholders attending in person will be able to vote at the AGM, while those joining via webcast will not have this capability. Consequently, the board has decided to conduct voting on the resolutions through a poll, ensuring that each shareholder’s vote is counted proportionally to their shareholding.

The company has also invited shareholders to submit questions by email ahead of the meeting, with a deadline of 09:30 UK time on June 10, 2025. Kore Potash intends to address these questions and provide answers on its website.

The AGM materials, which include the circular to shareholders, proxy forms, and the 2024 Annual Report, have been distributed to registered shareholders and are available on the company’s website. For participation in the AGM, shareholders must be registered by 17:30 UK time on June 9, 2025, or, if the meeting is adjourned, by the same time two working days prior to the rescheduled meeting.

In accordance with JSE requirements, South African shareholders must trade shares by June 4, 2025, to be recorded as a shareholder by the voting record date.

This information is based on a press release statement issued by Kore Potash PLC.

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