Kropz PLC Receipt of Exchange Control Approval

RNS Number : 7640H

Kropz PLC

10 October 2024

 

10 October 2024

 

Kropz plc

 

("Kropz" or the "Company")

 

Receipt of Exchange Control Approval

 

Kropz plc (AIM: KRPZ), an emerging African phosphate producer, is pleased to announce that it has received approval from the South African Reserve Bank ("Exchange Control Approval") in relation to the Restructuring, Fundraising and the issue of the Convertible Loan Notes as announced on 3 September 2024.

 

Consequently, as shareholder approval was obtained at the General Meeting ("GM") on 20 September 2024, the Restructuring, Fundraising and the issue of the Convertible Loan Notes is now wholly unconditional.

 

An application has been made for the 643,873,018 new Ordinary Shares ("New Ordinary Shares") pursuant to the Fundraising to be admitted to trading on AIM ("Admission") and a further announcement will be made in due course to confirm the commencement date and time of dealings in respect of the New Ordinary Shares.

 

 

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

Kropz Plc	Via Tavistock
Louis Loubser (CEO)	[phone]
Grant Thornton UK LLP	Nominated Adviser
Samantha Harrison  Harrison Clarke  Ciara Donnelly	[phone]
Hannam & Partners	Broker
Andrew Chubb  Ernest Bell	[phone]
Tavistock	Financial PR & IR (UK)
Nick Elwes  Jos Simson	[phone]  [e-mail]
R&A Strategic Communications	PR (South Africa)
Charmane Russell  Marion Brower	[phone]  [e-mail]   [e-mail]

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

MSCEBLFFZBLLFBV