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Result of AGM and Completion of Placing

RNS Number : 9531N
African Potash Ltd
21 May 2015
 

African Potash Limited / Index: AIM / Epic: AFPO / Sector: Mining

21 May 2015

African Potash Limited ("African Potash" or "the Company")

Result of AGM and Completion of Placing

 

African Potash, the AIM listed exploration company focused on sub-Saharan potash assets, is pleased to announce that all resolutions were duly passed at the Company's Annual General Meeting held earlier today. As a result, the Company's placing of new ordinary shares of no par value in the Company ("Ordinary Shares") at a price of 0.3p per Ordinary Shares, as referred to in the announcements made on 17 April 2015 and 19 May 2015, will complete on 22 May 2015 when the Company will issue, a further 208,333,333 new Ordinary Shares (the "Placing Shares").

 

Application has been made for the Placing Shares, which will rank pari passu in all respects with the existing Ordinary Shares, to be admitted to trading on AIM at 8.00 a.m. on 22 May 2015.  

 

The Company has no Ordinary Shares held in treasury. The total number of voting rights in the Company following the issue of the Placing Shares will therefore be 743,842,643.  This figure 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 in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

 

**ENDS**

 

For further information visit www.africanpotash.comor contact the following:

 

Chris Cleverly

African Potash Limited

+44 (0) 20 7236 1177

David Foreman

Cantor Fitzgerald Europe

+44 (0) 20 7894 7000      

Stewart Dickson

Cantor Fitzgerald Europe

+44 (0) 20 7894 7000      

Nick Bealer

Cornhill Capital Limited

+44 (0) 20 7710 9610

Susie Geliher

St Brides Partners Ltd

+44 (0) 20 7236 1177      

Charlotte Heap

St Brides Partners Ltd

+44 (0) 20 7236 1177 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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