Small CDI Issue Signals Kore Potash’s Regulatory Compliance Push

Finalising the Capital Structure

Kore Potash, the potash development company focused on projects in the Republic of Congo, has announced the issuance of 500 CHESS Depositary Interests (CDIs) at a price of AUD 0.0543 each. This issuance is the culmination of an offer under a cleansing prospectus first announced in November 2024 and extended several times through mid-2025.

While the number of CDIs issued is modest relative to Kore Potash’s total shares outstanding, this step is significant in removing trading restrictions on securities issued without formal disclosure under Australian law. It effectively clears the way for freer trading of these shares across multiple exchanges.

Multi-Exchange Admission

The newly issued shares will be admitted to trading simultaneously on the London Stock Exchange’s AIM market, the Johannesburg Stock Exchange (JSE), and the Australian Securities Exchange (ASX) starting 1 August 2025. This tri-exchange listing reflects Kore Potash’s international investor base and strategic positioning within the potash mining sector.

Following this admission, the company’s total issued share capital will stand at 4,856,249,499 ordinary shares, establishing the total voting rights for shareholders. This figure is crucial for investors monitoring their holdings and compliance with disclosure requirements under UK financial regulations.

Strategic and Market Implications

Although the issuance size is small and unlikely to materially affect Kore Potash’s capital structure or funding position, it signals the company’s commitment to maintaining regulatory compliance and market transparency. The cleansing prospectus process ensures that shares issued without prior disclosure can be traded freely, potentially improving liquidity and investor confidence.

Investors will be watching closely to see if Kore Potash pursues further capital raising initiatives or operational updates related to its flagship Kola Potash Project and Dougou Extension in the Republic of Congo. These projects remain central to the company’s growth ambitions in the global potash market.