Result of General Meeting

RNS Number : 2779N
Kropz PLC
30 May 2022
 

 

30 May 2022

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, Monday 30 May 2022, 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 11 May 2022, 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 ZAR177 million equity facility from the Company's largest shareholder, ARC Fund ("ZAR177 million Equity Facility").  

 

The ZAR 177 Million Equity Facility is also conditional on approval from the South African Reserve Bank ("SARB"). Further updates on this will be provided in due course.

 

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

Kropz Plc

 

Mark Summers (CEO)

+27 (0)79 744 8708



Grant Thornton UK LLP

Nominated Adviser

Samantha Harrison

Harrison Clarke

George Grainger

Ciara Donnelly

 

+44 (0) 20 7383 5100

Hannam & Partners

Broker

Andrew Chubb

Ernest Bell

 +44 (0)20 7907 8500

 

Tavistock

Financial PR & IR (UK)

Nick Elwes

Jos Simson

Oliver Lamb

+44 (0) 207 920 3150

kropz@tavistock.co.uk

 

R&A Strategic Communications

PR (South Africa)

James Duncan

+27 (0)11 880 3924

james@rasc.co.za 

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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