Business
AGM Statement - Update on Formal Sale Process
Kore Potash Plc has provided an update on its formal sale process, announcing that one of the two initial interested parties has withdrawn due to internal reasons. However, a new party has since approached the company and is now evaluating a potential acquisition of Kore Potash's entire share capital, meaning two parties are currently engaged in the process. The company has received dispensation from the Takeover Panel regarding public identification of interested parties and the standard 28-day deadline for offers. Disclaimer*
About this update from Kore Potash Plc
30 June 2026 Kore Potash Plc ("Kore Potash" or the "Company") AGM Statement - Update on Formal Sale Process Kore Potash (AIM: KP2, ASX: KP2, JSE: KP2, A2X: KP2), the potash development company with 97.46% ownership of the Kola Potash Project ("Kola" or the "Kola Project") and Dougou Extension ("DX") Potash Project in the Sintoukola Basin, located in the Republic of Congo ("RoC"), is holding its annual general meeting ("AGM") at 09:30 UK time / 10:30 South African time / 16:30 Western Australian on 30 June 2026 at 107 Cheapside, Second Floor, London EC2V 6DN. At the meeting, David Hatrhorn will make the following statement regarding the FSP: On 4 November 2025, the Company announced that it had commenced the formal sale process ("FSP") and that it had received approaches from two parties, each of which were evaluating the possible acquisition of the entire issued, and to be issued, share capital of the Company. On 27 February 2026, the Company was notified by one of the parties in the FSP that it had decided to suspend its interest in acquiring the Company and was unable to proceed in the FSP for internal reasons. On 8 June 2026, the Company was approached by a new party wishing to participate in the FSP and that party has begun evaluating the possible acquisition of the entire issued, and to be issued, share capital of the Company. Accordingly, two parties are currently engaged in the FSP. Shareholders are advised that this announcement does not represent a firm intention by any party to make an offer under Rule 2.7 of the Code and there can be no certainty that any offers will be made as a result of the FSP. The Takeover Panel has granted a dispensation from the requirements of Rules 2.4(b) and 2.6(a) of the Code such that any interested party participating in the Formal Sale Process will not be required to be publicly identified as a result of this announcement and will not be subject to the 28 day deadline referred to in Rule 2.6(a) of the Code for so long as it is participating in the Formal Sale Process. Each of the interested parties referred to above has confirmed that it will participate in the Formal Sale Process. Further announcements will be made as appropriate. Authorisation and Additional Information This announcement was authorised by the Board of Kore Potash plc. Mar...