Kore Potash plc has announced its CDI (Chess Depositary Interests) monthly movement for the month of July 2023. The company listed on multiple stock exchanges including ASX, AIM, and JSE, and it reported a net increase in CDIs.
According to the statement provided by Kore Potash, the CDI balance at the end of June 2023 was 668,837,133. Over the course of July 2023, there was a net movement of 2,013,331 CDIs. As a result, the CDI balance on 31 July 2023 reached 670,850,464.
The net movement in CDIs represents the increase or decrease in the number of CDIs quoted on the ASX due to transfers between CDIs quoted on ASX and ordinary shares quoted on AIM and JSE. The ASX requires companies with dual listings and CDIs issued over quoted securities to report these changes on a minimum monthly basis.
The CDI movement reflects the growing interest in Kore Potash and its potash exploration and development projects. Potash, a critical fertilizer ingredient, is in high demand globally, driven by the increasing need to enhance agricultural productivity and ensure food security. Kore Potash’s focus on sustainable resource development has also garnered attention from socially responsible investors seeking environmentally conscious opportunities.
Investors and stakeholders have access to the full Appendix 4A on the ASX website, which contains additional details regarding the CDIs and other securities on issue.
Kore Potash’s strategy and strong performance have attracted interest from various brokers and corporate advisors. The company’s joint brokers, SP Angel and Shore Capital, play significant roles in the company’s growth journey and maintaining investor confidence.
In addition, Questco Corporate Advisory acts as the JSE sponsor, overseeing compliance with regulations on the Johannesburg Stock Exchange. Their involvement emphasizes Kore Potash’s commitment to conducting business responsibly and ethically.
For further information about Kore Potash and its operations, interested parties are encouraged to visit the company’s official website at www.korepotash.com.