REG - Kropz PLC - Legal Claim Update

KropzAnnouncement

22/07/2025 15:15

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RNS Number : 1078S  Kropz PLC  22 July 2025

22 July 2025

Kropz Plc

("Kropz" or the "Company")

 

Legal Claim Update

 

Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer,
announces the extension of a legal stay on the claim which Kropz and its
subsidiary company, Cominco Resources Limited ("Cominco"), are defendants (the
"Claim").

 

Legal Claim Update

 

On 26 February 2025, Kropz announced that Teh Hong Eng Investments Holding
Limited ("THE") and Meridian Investment Group PTE. Limited ("Meridian") had
served Particulars of Claim in litigation in the English High Court to which
Kropz and its subsidiary company, Cominco, are defendants. The litigation
relates to an alleged breach of THE's right of first refusal to acquire
Cominco shares at the time of Kropz's offer to Cominco's shareholders in
November 2018 which resulted in the acquisition by Kropz of the entire issued
and to be issued share capital of Cominco, including the acceptance of the
offer by THE and Meridian as shareholders of Cominco.

 

On 21 May 2025, Kropz announced that a legal stay with THE and Meridian in
respect of the litigation had been agreed and would expire in July 2025. The
stay has now been extended and will expire on 31 December 2025.

 

Further updates will be made if necessary in due course.

 

 

For further information visit www.kropz.com (http://www.kropz.com)  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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