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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Kropz Plc | LSE:KRPZ | London | Ordinary Share | GB00BZ1HLP69 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.35 | 1.20 | 1.50 | 1.45 | 1.26 | 1.45 | 250 | 08:00:03 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Chem,fertlizer Minrl Mng,nec | 0 | -66.64M | -0.0719 | -0.19 | 12.51M |
From Oct 2023 to Oct 2024
TIDMKRPZ
RNS Number : 2164W
Kropz PLC
08 December 2023
8 December 2023
Kropz Plc
("Kropz" or the "Company")
Drawdown on Convertible Equity Facility and Bridge Loan
Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer, announced on 14 November 2022 that it had entered into a new conditional convertible equity facility of up to ZAR 550 million ("ZAR 550 Million Equity Facility") (approximately US$ 31.6 million), with ARC Fund ("ARC"), the Company's major shareholder.
As announced on 14 September 2023, Kropz had entered into new bridge loan facilities of ZAR 250 million (the "Bridge Loan") with ARC to meet immediate cash requirements at Kropz Elandsfontein (Pty) Ltd.
Final drawdowns on the Bridge Loan for ZAR 20 million and ZAR 7.5 million on the ZAR 550 Million Equity Facility have now been made.
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For further information visit www.kropz.com or contact:
Kropz Plc Via Tavistock
+44 (0) 207 920
Louis Loubser (CEO) 3150
Grant Thornton UK LLP Nominated Adviser
Samantha Harrison
Harrison Clarke +44 (0) 20 7383
Ciara Donnelly 5100
Hannam & Partners Broker
Andrew Chubb +44 (0) 20 7907
Ernest Bell 8500
Tavistock Financial PR &
IR (UK)
Nick Elwes +44 (0) 207 920
Jos Simson 3150
Emily Moss kropz@tavistock.co.uk
R&A Strategic Communications PR (South Africa)
Charmane Russell +27 (0) 11 880
Marion Brower 3924
charmane@rasc.co.za
marion@rasc.co.za
About Kropz Plc
Kropz is an emerging African phosphate producer with projects in South Africa and in the Republic of Congo. The vision of the Group is to become a leading independent phosphate rock producer and to develop into an integrated, mine-to-market plant nutrient company focusing on sub-Saharan Africa.
-ENDS-
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END
MSCNKFBKBBDDQBK
(END) Dow Jones Newswires
December 08, 2023 07:06 ET (12:06 GMT)
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