REG - Kropz PLC - Results of General Meeting

KropzAnnouncement

20/09/2024 13:00

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RNS Number : 0929F  Kropz PLC  20 September 2024

20 September 2024

 

Kropz plc

 

("Kropz" or the "Company")

 

Results of General Meeting

 

Kropz plc (AIM: KRPZ), an emerging African phosphate producer, is pleased to
announce that all the resolutions put to its General Meeting ("GM") held
earlier today, 20 September 2024, were duly passed on a poll. A breakdown of
proxy votes lodged prior to the GM will be available shortly on the Company's
website.

 

As announced on 3 September 2024, the purpose of the GM was to provide the
Company's directors authority to issue and allot shares and the disapplication
in respect of pre-emption rights in respect of new ordinary shares which are
to be issued pursuant to the Fundraising and the issue of Convertible Loan
Notes as part of the Restructuring.

 

The Restructuring, Fundraising and the issue of the Convertible Loan Notes are
also conditional on receiving approval from the South African Reserve Bank
("Exchange Control Approval"). The Company has not yet received Exchange
Control Approval. The Company will make a further announcement upon receipt of
the Exchange Control Approval in due course and will confirm the issue and
Admission of the Fundraising shares at that time.

 

 

For further information visit www.kropz.com (about:blank)  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

 

 

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