Result of General Meeting

RNS Number : 2650P

Kropz PLC

15 October 2021

 

15 October 2021

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, Friday 15 October 2021, 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 29 September 2021, 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 ZAR200 million equity facility from the Company's largest shareholder, ARC Fund ("ZAR200 million Equity Facility"). The first drawdown under the ZAR200 million Equity Facility is expected on 25 October 2021.

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

Kropz Plc
Mark Summers (CEO)	[phone]
Grant Thornton UK LLP	Nominated Adviser
Samantha Harrison Harrison Clarke George Grainger	[phone]
Hannam & Partners	Broker
Andrew Chubb Ernest Bell	[phone]
Tavistock	Financial PR & IR (UK)
Nick Elwes Jos Simson Oliver Lamb	[phone] [e-mail]
R&A Strategic Communications	PR (South Africa)
James Duncan	[phone] [e-mail]

About Kropz Plc

Kropz is an emerging African phosphate explorer and developer, with an advanced stage phosphate mining project in South Africa and a phosphate project 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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