REG - Kropz PLC - Receipt of Exchange Control Approval

KropzAnnouncement

10/10/2024 16:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241010:nRSJ7640Ha&default-theme=true

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 (http://www.kropz.com)  or
contact:

                                     Via Tavistock

 Kropz Plc
 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

 

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
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCEBLFFZBLLFBV