REG - Kropz PLC - Notice of Director Resignation

KropzAnnouncement

20/07/2022 07:00

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RNS Number : 0294T  Kropz PLC  20 July 2022

20 July 2022

Kropz Plc

("Kropz" or the "Company")

Notice of Director Resignation

Mark Summers to step down at the end of 2022

Kropz plc (AIM: KRPZ), an emerging African phosphate producer, announces that
Mark Summers, Chief Executive Officer ("CEO")  has decided to stand down as
CEO and Executive Director of the Company at the end of 2022. The Board has
commenced a process with a view to appointing a new CEO. Mark will continue to
work with the Kropz team and his replacement, once appointed, to ensure an
orderly hand over and that the day-to-day activities of the business
continues.

 

Further announcements will be made as the CEO process progresses.

 

Lord Robin William Renwick of Clifton, Non-Executive Chairman of Kropz,
commented:

"Both I and the Board have been extremely grateful to Mark for his excellent
service to the Company over the past several years."

 

Mark Summers, commented:

"We have achieved a great deal since I joined in 2015. With Elandsfontein now
moving into the operational phase, and the way forward at Hinda well-defined,
I have decided that the time is right to hand over the reins at Kropz and seek
new opportunities.  I would like to thank our shareholders for all their
support as well as all the team at Kropz for their incredible hard work and
commitment. I wish them every success in the future."

 

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

 Kropz Plc                         Via Tavistock
 Mark Summers (CEO)                +44 (0) 207 920 3150

 Grant Thornton UK LLP             Nominated Adviser
 Samantha Harrison                 +44 (0) 20 7383 5100

 Harrison Clarke

 George Grainger

 Ciara Donnelly

 Hannam & Partners                 Broker
 Andrew Chubb                       +44 (0)20 7907 8500

 Ernest Bell

 Tavistock                         Financial PR & IR (UK)
 Emily Moss                        +44 (0) 207 920 3150

 Nick Elwes                        kropz@tavistock.co.uk

 Adam Baynes

 R&A Strategic Communications      PR (South Africa)
 James Duncan                      +27 (0)11 880 3924

                                   james@rasc.co.za

 

About Kropz Plc

Kropz is an emerging African phosphate producer and developer, with an
advanced stage phosphate mining 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.

 

- ENDS -

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