Update on Formal Sale Process (“FSP”)
Kore Potash Plc has provided an update on its Formal Sale Process, announcing that one of the two parties initially evaluating an acquisition has withdrawn due to internal reasons. However, the other party remains engaged and is continuing its due diligence. Further announcements will be made as appropriate regarding the ongoing process for the company's potential acquisition.
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Update on Formal Sale Process
Kore Potash (AIM: KP2, ASX: KP2, JSE: KP2, A2X: KP2), the potash development company with 97% 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"), provides the following update on the FSP. On 4 November 2025, the Company announced that it had commenced a FSP. Kore Potash also announced 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.
The Company has been notified by one of the parties that it has now decided to suspend its interest in acquiring the Company and is unable to proceed in the FSP for internal reasons. However, the other party referred to above remains engaged in the FSP and is continuing its due diligence exercise.
Further announcements will be made as appropriate.
Authorisation and Additional Information
This announcement was authorised by the Board of Kore Potash plc.
Disclosure requirements of the City Code on Takeovers (the "Code")
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.