Kropz PLC Management Update (4909A)

TIDMKRPZ

RNS Number : 4909A

Kropz PLC

30 September 2020

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

30 September 2020

Kropz Plc

("Kropz" or the "Company")

Management Update

Kropz plc (AIM: KRPZ) an emerging African phosphate explorer and developer, provides an update on its management team.

Mr Jan Steenkamp has resigned as Managing Director of Kropz Elandsfontein (Pty) Ltd ("Kropz Elandsfontein"), effective today. He will, however, remain on the board of Kropz Elandsfontein as a non-executive director. Mr Steenkamp will also remain in a technical advisory capacity for the on-going development of the Company's projects, namely the Elandsfontein phosphate project located in South Africa and the Hinda phosphate project located in the Republic of Congo. Mr Steenkamp's executive responsibilities will be assumed by the Company's Chief Operations Officer, Michelle Lawrence.

In addition, Kropz is pleased to announce the appointment of Mr Louis Swart as the Company's Financial Manager with effect from 1 October 2020. Mr Swart previously served as the Chief Financial Officer of Richland Resources Limited, and financial manager for TanzaniteOne and Simmer & Jack Mines Limited. Mr Swart holds a Bachelor of Commerce degree from the University of Pretoria and an Honours degree in Commerce (Accounting) from the University of South Africa. He is a Chartered Accountant and a member of the South African Institute of Chartered Accountants and Institute of Chartered Accountants Australia.

Mark Summers, Chief Executive Officer of Kropz commented: "The Board and I would like to sincerely thank Jan for his significant contributions to Kropz Elandsfontein over the past two years. We are delighted that he will remain on the board as a non-executive director and look forward to his counsel in an advisory capacity as we continue to advance the Elandsfontein and Hinda projects. We would also like to welcome Louis to our team."

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

 
 Kropz Plc 
 Mark Summers (CEO)              [phone] 
 
 Grant Thornton UK LLP           Nominated Adviser 
 Samantha Harrison 
  Niall McDonald                 [phone] 
 
 Hannam & Partners               Joint Broker 
 Andrew Chubb 
  Ernest Bell                     [phone] 
 
 Tavistock                       Financial PR & IR (UK) 
 Emily Moss                      [phone] 
  Jos Simson                      [e-mail] 
  Oliver Lamb 
 
 R&A Strategic Communications    PR (South Africa) 
 James Duncan                    [phone] 
                                  [e-mail] 
 

About Kropz Plc

Kropz is an emerging African phosphate explorer and developer, with an advanced stage phosphate project in South Africa and a phosphate project 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.

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September 30, 2020 02:00 ET (06:00 GMT)