20 October 2021 |
AIM/ASX Code: SO4
|
SALT LAKE POTASH LIMITED APPOINTMENT OF VOLUNTARY ADMINISTRATORS |
On 20 October 2021 the directors of Salt Lake Potash Limited ("SO4" or the "Company") resolved that it, together with other companies as set out below (the "Companies") were insolvent or likely to become insolvent at some future time and that administrators should be appointed to the Companies.
The directors of the Companies further resolved that Martin Jones, Thomas Birch, Hayden White of KPMG Restructuring be appointed as Voluntary Administrators of the Companies pursuant to Section 436A of the Corporations Act 2001 (Cth).
The appointments of the Administrators followed ongoing discussions between the Companies, the Companies secured creditors and other key stakeholders.
A further update in respect of the Companies operations and the restructure / recapitalisation process will be released to the market in due course.
The contact details of the Voluntary Administrators are:
KPMG
Level 8, 235 St Georges Terrace
Perth WA 6000
Tel: +61 8 9263 7171
E-mail: au-fmperreception@kpmg.com.au
For all media enquiries please call Sarah Belin +61 2 9295 3935
|
|
The Companies |
ACN |
Salt Lake Potash Limited |
117 085 748 |
Australia Salt Lake Potash Pty Ltd |
164 369 420 |
Irve Holdings Pty Ltd |
633 114 619 |
Two Lake Holdings Pty Ltd |
633 114 637 |
SO4 Fertiliser Holdings Pty Ltd |
633 114 628 |
Piper Preston Pty Ltd |
142 962 409 |
Irve Developments Pty Ltd |
634 354 215 |
Two Lake Developments Pty Ltd |
634 354 233 |
SO4 Fertiliser Developments Pty Ltd |
634 354 224 |
The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "
For further information please contact:
KPMG |
Tel: +61 8 9263 7171 au-fmperreception@kpmg.com.au |
Grant Thornton Colin Aaronson / Lukas Girzadas |
Tel: +44 (0) 20 7383 5100 |
|
|
|
|
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.