Directorate Change

RNS Number : 3324Z

Kropz PLC

14 September 2022

 

14 September 2022

Kropz PLC
("Kropz" or "the Company")

Directorate Change

Kropz Plc announces that Machiel Reyneke is retiring as a non-executive director of the Company, with immediate effect. Mr Reyneke has represented the ARC Fund ("ARC") on Kropz's board of directors since 2018. The board also announces that Gerrit Duminy has been appointed to the board as a non-executive director, as ARC's representative, with immediate effect.

Commenting on the announcement, Robin Renwick, Chairman, said:

"The Board wish to express its sincere thanks to Machiel for his significant help and contribution over the past few years. We have known Gerrit for a number of years, as he worked closely with Machiel, and we welcome him to the board."

Further information on Gerrit Duminy

Gerrit Jacobus Duminy, aged 31, is currently a director of the companies set out below and has no prior directorships or partnerships to disclose.

Current directorships

Gemcap Investment Management (Pty) Ltd Linebooker (Pty) Ltd Linebooker Technologies (Pty) Ltd Kropz Elandsfontein (Pty) Ltd Elandsfontein Land Holdings (Pty) Ltd

He is currently employed by UBI General Partner (Pty) Ltd ("UBI") as an Associate Deal Executive. UBI is the general partner, and manager, of ARC. ARC is the Company's major shareholder, with a current holding of 83.2% of the existing ordinary shares of the Company.

There is no further information required to be disclosed in respect of the above appointments pursuant to Rule 17 or Schedule 2 (g) of the AIM Rules for Companies.

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

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

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.  

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