REG - Kropz PLC - Result of General Meeting

KropzAnnouncement

30/11/2022 12:45

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RNS Number : 1114I  Kropz PLC  30 November 2022

30 November 2022

Kropz Plc

("Kropz" or the "Company")

Result of General Meeting

Kropz plc (AIM: KRPZ), an emerging African phosphate producer, is pleased to
announce that all the resolutions put to the General Meeting ("GM") held
earlier today, Wednesday 30 November 2022, were duly passed on a poll. A
breakdown of proxy votes lodged prior to the GM and votes cast at the GM will
be available shortly on the Company's website.

 

As announced on 14 November 2022, the purpose of the GM was to provide the
Company's directors authority to issue and allot, on a non-pre-emptive basis,
shares in the Company to meet the full demand under the new ZAR550 million
convertible equity facility from the Company's largest shareholder, ARC Fund
("ZAR550 million Equity Facility").

 

The ZAR 550 Million Equity Facility is now unconditional.

 

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

 

 Kropz Plc
 Mark Summers (CEO)                +27 (0) 79 744 8708

 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)
 Nick Elwes                        +44 (0) 207 920 3150

 Jos Simson                        kropz@tavistock.co.uk

 Emily Moss

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

                                   charmane@rasc.co.za

About Kropz Plc

Kropz is an emerging African producer and developer of plant nutrient feed
minerals with phosphate 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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