African Potash Ltd.: Change of Name

Dow Jones received a payment from EQS/DGAP to publish this press release.

African Potash Ltd. (AFPO) 
African Potash Ltd.: Change of Name 
 
12-Feb-2018 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
     The information communicated within this announcement is deemed to 
     constitute inside information as stipulated under the Market Abuse 
 Regulations (EU) No. 596/2014. Upon the publication of this announcement, 
   this inside information is now considered to be in the public domain. 
 
            12 February 2018 
 
      Block Commodities Limited 
 
      AFRICAN POTASH LIMITED 
 
      (the "Company") 
 
      Change of Name 
 
  Block Commodities Limited ("Block Commodities"), formerly known as African 
  Potash Limited, is pleased to announce that it has completed its change of 
name and adopted the new tradable instrument display mnemonic (TIDM) 'BLOC', 
 with effect from 8:00am today. The Company's new name reflects the strategy 
     of the Company to focus on the development of commodities ecosystems in 
   Africa based on blockchain technology. The initial commodity ecosystem is 
       expected to be based on the Company's existing fertilizer business in 
            Zambia. 
 
    Shareholders are advised that existing share certificates in the name of 
            African Potash Limited will remain valid, and that any new share 
      certificates issued by the Company will be issued in the name of Block 
            Commodities Limited. The ISIN and SEDOL numbers will not change. 
 
            MAXIMISING VALUE THROUGH BLOCKCHAIN ECOSYSTEMS 
 
          The core assets of Block Commodities are its fertilizer assets and 
        fertilizer trading business in Zambia. The Company will now focus on 
      maximising the value of its trading business through the deployment of 
         blockchain. In addition, the technological innovation of blockchain 
      technologies can be used to maximise the value of African agricultural 
     commodities and other commodities which the Company is exploring. These 
        resources will be linked through the vertical integration of primary 
    industries down to consumers via blockchain platforms. In reclaiming the 
        value lost in African agricultural and extractive industries through 
    inefficient supply and distribution systems, Block Commodities will help 
     African farmers raise productivity as well as secure better returns for 
  produce. This is an important step to, establishing African communities as 
            future significant global agricultural producers. 
 
            Using blockchain's ability to dynamically incorporate all market 
         participants into an efficient ecosystem, Block Commodities aims to 
facilitate the commercial operation of such ecosystems in the context of the 
 agricultural production cycle. Initial geographic focus will be in Republic 
       of Congo (ROC), Malawi, Uganda, Zambia and South Africa, with further 
            development of Block Commodities' relationship with COMESA. 
 
 Details of Block Commodities' ongoing development will be made available on 
           the Company's website www.blockcommodities.com [1] in due course. 
 
  The Directors of the Company accept responsibility for the content of this 
            announcement. 
 
      **ENDS** 
 
   For further information visit www.blockcommodities.com [1] or contact the 
            following: 
 
           Block Commodities Limited 
                      Chris Cleverly        [phone] 
     NEX Exchange Corporate Adviser: 
  Alexander David Securities Limited 
     David Scott - Corporate Finance        [phone] 
  James Dewhurst - Corporate Broking        [phone] 
      Public and Investor Relations: 
      Cassiopeia Services - Stefania [e-mail] 
                           Barbaglio 
 
ISIN:          GG00B4QYTJ50 
Category Code: CAN 
TIDM:          AFPO 
Sequence No.:  5197 
 
End of Announcement EQS News Service 
 
653225 12-Feb-2018 
 
 
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=5fd957859089143ab1da9a8d39238f92&application_id=653225&site_id=vwd_london&application_name=news 
 

(END) Dow Jones Newswires

February 12, 2018 02:02 ET (07:02 GMT)