Kropz PLC Issue of Shares and Total Voting Rights (7591O)

TIDMKRPZ

RNS Number : 7591O

Kropz PLC

01 February 2019

1 February 2019

Kropz Plc

("Kropz" or the "Company")

Issue of Shares and Total Voting Rights

Kropz Plc (AIM: KRPZ), an emerging African producer of plant nutrient feed minerals, announces that it has issued 1,357,080 new ordinary shares of GBP0.001 each ("Ordinary Shares") in the capital of the Company at a price of 40 pence per share and 1,116,544 warrants at an exercise price of 40 pence per warrant to certain advisers in lieu of cash fees arising from their involvement with the Company's admission to AIM on 30 November 2018 and the acquisition of Cominco Resources Limited.

Application has been made for these additional 1,357,080 new Ordinary Shares to be admitted to trading on AIM with admission expected at 8am (London time) on 6 February 2019.

Following the issue of the further new Ordinary Shares, the total number of Ordinary Shares will be 263,238,333. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information visit www.kropz.com or contact:

 
 Kropz Plc 
 Ian Harebottle (CEO)     [phone] 
  Michelle Lawrence        0927 
 
 Nominated Adviser 
 Grant Thornton UK LLP 
 Richard Tonthat 
  Samantha Harrison      [phone] 
  Ben Roberts             5100 
 
 Joint Broker 
 Hannam & Partners 
 Andrew Chubb             [phone] 
  Ernest Bell              8500 
 
 Joint Broker 
 Mirabaud Securities 
  Ltd 
 Rory Scott              [phone] 
  Edward Haig-Thomas      7221 
 
 Financial Public Relations & Investor 
  Relations (UK) 
 Tavistock 
 Emily Fenton            [phone] 
  Gareth Tredway          3150 
  Jos Simson              [e-mail] 
 
 Public Relations (South Africa) 
 Russell & Associates 
 Charmane Russell        [phone] 
  James Duncan            [e-mail] 
 

About Kropz Plc

Kropz is an emerging plant nutrient producer with an advanced stage phosphate mining project in South Africa, a phosphate project in the Republic of Congo and an exploration asset in Ghana. 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.

Kropz's Elandsfontein Phosphate Project is a near-term producing asset in South Africa's Western Cape Province, close to export infrastructure and primed to take advantage of a recovery in phosphate prices.

The Company's medium-term development asset is the Hinda Phosphate Project in the RoC.

The Company has also secured a prospecting right in Ghana, to undertake further exploration work on the Aflao Project, the potential extension of the well-known, high grade and historically exploited Hahotoe-Kpogame-Kpeme deposit in Togo.

ENDS

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February 01, 2019 02:00 ET (07:00 GMT)