REG - Kropz PLC - Trading update, Update on Annual Accounts

KropzAnnouncement

30/06/2023 07:00

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RNS Number : 4675E  Kropz PLC  30 June 2023

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

 

30 June 2023

Kropz Plc

("Kropz" or the "Company")

Trading update, Update on Annual Accounts and Suspension of Shares

 

Kropz plc (AIM: KRPZ), an emerging African phosphate producer, is pleased to
announce further sales of 33,000 tonnes of phosphate concentrate from Kropz
Elandsfontein (Pty) Ltd during June 2023.  This brings sales to date to
130,000 tonnes.

The annual audit is still ongoing and is well progressed, however, the Company
will not be in a position to publish its annual report and accounts ("Annual
Accounts") for the year ended 31 December 2022 ("FY22") by 30 June 2023, the
deadline specified by AIM Rule 19.

Consequently, the Company's shares will be suspended from trading on AIM with
effect from 3 July 2023, pending publication of the FY22 Annual Accounts.

The Company expects to publish the FY22 Annual Accounts in July 2023. Further
updates will be made as appropriate.

The AGM remains to be held today, as announced on 7 June 2023, and a
subsequent shareholder meeting will be called to approve the Annual Accounts.

 

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

 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

 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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