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RNS Number : 0294A Kropz PLC 17 January 2024
17 January 2024
Kropz Plc
("Kropz" or the "Company")
Drawdown on Bridge Loan Facilities
Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer,
announced on 15 December 2023 that it had entered into a new bridge loan
facility of ZAR 115 million (the "Loan") with its major shareholder, the ARC
Fund, to meet immediate cash requirements at Kropz Elandsfontein (Pty) Ltd.
The final draw down on the Loan for an amount of ZAR 52.5 million has now
been made.
For further information visit www.kropz.com (about:blank) or contact:
Kropz Plc Via Tavistock
Louis Loubser (CEO) +44 (0) 207 920 3150
Grant Thornton UK LLP Nominated Adviser
Samantha Harrison +44 (0) 20 7383 5100
Harrison Clarke
Ciara Donnelly
Hannam & Partners Broker
Andrew Chubb +44 (0) 20 7907 8500
Ernest Bell
Tavistock Financial PR & IR (UK)
Nick Elwes +44 (0) 207 920 3150
Jos Simson kropz@tavistock.co.uk
R&A Strategic Communications PR (South Africa)
Charmane Russell +27 (0) 11 880 3924
Marion Brower charmane@rasc.co.za
marion@rasc.co.za
About Kropz Plc
Kropz is an emerging African phosphate producer and developer 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.
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