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Suspension of Trading, Draft non-binding Financing Term-Sheet received
Kore Potash plc
(Incorporated in England and Wales)
Registration number 10933682
ASX share code: KP2
AIM share code: KP2
JSE share code: KP2
ISIN: GB00BYP2QJ94
CDI ISIN: AU000000KP25
("Kore Potash" or the "Company")
1 May 2025
Suspension of Trading
Draft non-binding financing Term-Sheet received
Kore Potash plc, the potash development company with 97% ownership of the Kola and DX Potash
Projects in the Sintoukola Basin, located in the Republic of Congo, announces that further to the
Company's request to the Australian Securities Exchange ("ASX") on 29 April 2025 to halt trading in
the Company's securities quoted on the ASX to facilitate the review, negotiations and agreement of
the draft financing proposal and associated draft non-binding Term Sheets ("Term Sheets") for the
Kola Project, as received from the Summit Consortium ("Consortium") on 28 April 2025, the Company
is unable to comply with the timeline imposed by the ASX in announcing details under the Term Sheets.
The ASX is of the view that the Company received the Terms Sheets, details of which it should be able
to announce. The Company is however not able to comply with this requirement at present given the
nature and contents of the Term Sheet, and ongoing review and negotiation thereof.
As the Company is unable to comply with this requirement before market open on 1 May 2025, ASX
imposed a suspension on trading ("Suspension") in the Company's quoted securities under ASX Listing
Rule 17.3, with the Suspension remaining in place until the details, or otherwise, of the Term Sheets
are announced. The Company notes that the Term Sheets allow a period up to 31 May 2025, unless
otherwise agreed, to review, negotiate and agree formal terms.
The JSE Limited ("JSE") in accordance with their rules has indicated that the halt in trading ("Trading
Halt") in the Company's shares quoted on the JSE will not continue and has subsequently ended.
Shareholders on the JSE are advised that the full impact of the finalised, agreed and executed Term
Sheets when concluded may have a material effect on the price of the Company's shares. Accordingly,
shareholders on the JSE are advised to exercise caution when dealing in the Company's shares until
full disclosure regarding the finalised, agreed and executed Term Sheets is made.
The Company's securities will accordingly not be traded on the ASX whilst the Suspension remains in
place.
Trading in the Company's ordinary securities will continue to trade as normal on AIM, a market
operated by the London Stock Exchange, and on the JSE during this period.
The full version of the ASX announcement can be seen here: https://cdn-
api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02942182-
6A1262868&v=7bc42bd11d853ed5e8c28f2ffcd6a069ee5cd6b4
This announcement has been approved for release by the Board.
For further information, please visit www.korepotash.com or contact:
Kore Potash
Andre Baya, CEO
Andrey Maruta, CFO Tel: +44 (0) 20 3963 1776
Tavistock Communications
Nick Elwes
Emily Moss Tel: +44 (0) 20 7920 3150
SP Angel Corporate Finance - Nomad and Broker
Ewan Leggat
Charlie Bouverat Tel: +44 (0) 20 7470 0470
Grant Barker
Shore Capital - Joint Broker
Toby Gibbs Tel: +44 (0) 20 7408 4050
James Thomas
Questco Corporate Advisory - JSE Sponsor
Doné Hattingh Tel: +27 (63) 482 3802
Date: 02-05-2025 07:05:00
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