REG - Kropz PLC - Formal Execution of Loan Facility

KropzAnnouncement

28/05/2025 16:00

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RNS Number : 4725K  Kropz PLC  28 May 2025

 

28 May 2025

Kropz Plc

("Kropz" or the "Company")

 

Formal Execution of Loan Facility

 

Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer,
announced on 21 May 2025 that Kropz Elandsfontein (Pty) Ltd ("Elandsfontein")
and ARC Fund ("ARC") (together the "Parties") have agreed to a ZAR 130 million
(approximately US$ 6.7 million) loan facility (the "Loan")

 

The Loan was pending formal execution and as the Limited Indemnity, Security
Cession and Pledge by Kropz Plc has now been issued in favour of ARC for all
current and future loan facilities made to Elandsfontein, the Loan has now
been formally executed.

 

 

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

 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.

-ENDS-

 

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