Form 8 (Opening Position Disclosure)
Kore Potash Plc, as the offeree in a takeover situation, has disclosed its public opening position as of November 12, 2025, reporting nil interests and nil short positions in its ordinary shares. However, significant holdings are disclosed by persons acting in concert with the company, including David Hathorn with 395,746,326 ordinary shares representing 8.1% of the issued capital, Jonathan Trollip with 7,276,296 shares (0.5%), and David Netherway with 8,536,434 shares (0.17%). Additionally, directors hold various vested share options, with David Hathorn holding 11,000,000 options, David Netherway holding 2,000,000 options, and Jonathan Trollip holding 2,000,000 options.
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Rules 8.1 and 8.2 of the Takeover Code (the "Code")
KEY INFORMATION
| (a) Full name of discloser: | Kore Potash Plc |
| (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Kore Potash Plc |
| (d) Is the discloser the offeror or the offeree? | OFFEREE |
| (e) Date position held: The latest practicable date prior to the disclosure | 12 November 2025 |
POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
| Class of relevant security: | Ordinary shares of US$0.001 each | ||
| Interests | Short positions | ||
| Number | % | Number | % |
| (1) Relevant securities owned and/or controlled: | Nil | Nil | |
| (2) Cash-settled derivatives: | Nil | Nil | |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | Nil | Nil | |
| TOTAL: | Nil | Nil |
All interests and all short positions should be disclosed.
Rights to subscribe for new securities
| Class of relevant security in relation to which subscription right exists: | N/A |
| Details, including nature of the rights concerned and relevant percentages: | N/A |
- POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
- Interests held by the directors of Kore Potash Plc and their close relatives and related trusts (excluding share options set out at 3. below): Name Number of ordinary shares of US$0.001 each Percentage of total issued ordinary share capital David Hathorn 395,746,326 8.1 Jonathan Trollip 7,276,296 0.5 David Netherway 8,536,434 0.17 2. Interests held by connected advisers to the directors and board of Kore Potash Plc: Name Number of ordinary shares of US$0.001 each Percentage of total issued ordinary share capital Kela Securities (Pty) Ltd * 172,293 0.00 *Note: Kela Securities (Pty) Ltd is a corporate broker to Kore Potash Plc and the holding is the aggregate holdings of employees of Kela Securities (Pty) Ltd. 3. Interests held as options over existing ordinary shares of US$0.001 each of Kore Potash Plc by directors of Kore Potash Plc (all options have vested): Name Number of share options Exercise price GBP Date of grant Date of vesting Expiry date David Hathorn 9,000,000 0.0220 13/06/2022 11/06/2025 09/06/2027 David Hathorn 2,000,000 0.0193 11/06/2025 11/06/2025 11/06/2028 David Netherway 2,000,000 0.0193 11/06/2025 11/06/2025 11/06/2028 Jonathan Trollip 2,000,000 0.0193 11/06/2025 11/06/2025 11/06/2028
- OTHER INFORMATION
- Indemnity and other dealing arrangements
None
- Agreements, arrangements or understandings relating to options or derivatives
None
Attachments
Are any Supplemental Forms attached?
| Supplemental Form 8 (Open Positions) | NO |
| Supplemental Form 8 (SBL) | NO |
| Date of disclosure: | 14 November 2025 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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