Issue of Shares and Total Voting Rights

RNS Number : 7591O

Kropz PLC

01 February 2019

 

1 February 2019

Kropz Plc

("Kropz" or the "Company")

Issue of Shares and Total Voting Rights

Kropz Plc (AIM: KRPZ), an emerging African producer of plant nutrient feed minerals, announces that it has issued 1,357,080 new ordinary shares of £0.001 each ("Ordinary Shares") in the capital of the Company at a price of 40 pence per share and 1,116,544 warrants at an exercise price of 40 pence per warrant to certain advisers in lieu of cash fees arising from their involvement with the Company's admission to AIM on 30 November 2018 and the acquisition of Cominco Resources Limited.

Application has been made for these additional 1,357,080 new Ordinary Shares to be admitted to trading on AIM with admission expected at 8am (London time) on 6 February 2019.

Following the issue of the further new Ordinary Shares, the total number of Ordinary Shares will be 263,238,333. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information visit www.kropz.com or contact:

Kropz Plc
Ian Harebottle (CEO) Michelle Lawrence	[phone]
Nominated Adviser
Grant Thornton UK LLP
Richard Tonthat Samantha Harrison Ben Roberts	[phone]
Joint Broker
Hannam & Partners
Andrew Chubb Ernest Bell	[phone]
Joint Broker
Mirabaud Securities Ltd
Rory Scott Edward Haig-Thomas	[phone]
Financial Public Relations & Investor Relations (UK)
Tavistock
Emily Fenton Gareth Tredway Jos Simson	[phone] [e-mail]
Public Relations (South Africa)
Russell & Associates
Charmane Russell James Duncan	[phone] [e-mail]

About Kropz Plc

Kropz is an emerging plant nutrient producer with an advanced stage phosphate mining project in South Africa, a phosphate project in the Republic of Congo and an exploration asset in Ghana. 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.

Kropz's Elandsfontein Phosphate Project is a near-term producing asset in South Africa's Western Cape Province, close to export infrastructure and primed to take advantage of a recovery in phosphate prices.

The Company's medium-term development asset is the Hinda Phosphate Project in the RoC.

The Company has also secured a prospecting right in Ghana, to undertake further exploration work on the Aflao Project, the potential extension of the well-known, high grade and historically exploited Hahotoe-Kpogame-Kpeme deposit in Togo.

ENDS

 

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