Kore Potash Plc (LSE:KP2) has reported a change in the number of CHESS Depositary Interests representing its ordinary shares on the ASX, with CDIs falling to 582,964,712 at 31 January 2026 from 589,194,233 a month earlier. This represents a net reduction of 6,229,521 CDIs over the period.
The movement reflects transfers between ASX-quoted CDIs and ordinary shares traded on AIM and the Johannesburg Stock Exchange, rather than any issuance or cancellation of shares. Correspondingly, the number of directly held ordinary shares increased to 4,592,973,603. The update points to an internal rebalancing of how Kore Potash’s equity is held across its dual listings, with no impact on total share capital but potential implications for where trading liquidity is concentrated.
From an outlook perspective, the company continues to face financial challenges, including a drop in revenue to zero in 2024, ongoing losses, and recently negative operating and free cash flow. These pressures are partly offset by a deleveraged balance sheet following 2024. Technical indicators remain broadly neutral, while valuation remains difficult to justify given negative earnings and the absence of a dividend.
More about Kore Potash Plc
Kore Potash Plc is a potash-focused mining company with ordinary shares listed via CHESS Depositary Interests on the Australian Securities Exchange and directly on London’s AIM and the Johannesburg Stock Exchange. The structure reflects a multi-market investor base supporting the development of the company’s fertiliser-related mineral assets.
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