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Kropz PLC (KRPZ)

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Wednesday 09 September, 2020

Kropz PLC

Equity Facility Quarterly Draw Down Update

RNS Number : 5175Y
Kropz PLC
09 September 2020
 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

9 September 2020

Kropz Plc
("Kropz" or the "Company")

Equity Facility Quarterly Draw Down Update

Kropz plc (AIM: KRPZ) is providing an update on the expected timing of its second quarterly draw down request under the equity facility with Kropz's major shareholder, the ARC Fund. This is now expected to occur on or around 23 September 2020. The equity facility is for up to the aggregate maximum ZAR equivalent of US$ 40 million (which cannot exceed ZAR 680 million) as announced on 13 May 2020 ("Equity Facility").  

The Company would also like to confirm that from 1 October 2020, Hannam & Partners will be its sole broker.

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

 

Kropz Plc

 

Mark Summers (CEO)

+27 (0)79744 8708

 

 

Grant Thornton UK LLP

Nominated Adviser

Samantha Harrison

Niall McDonald

+44 (0) 20 7383 5100

 

 

Hannam & Partners

Joint Broker

Andrew Chubb

Ernest Bell

 +44 (0)20 7907 8500

 

Mirabaud Securities Ltd

Joint Broker

Rory Scott

Edward Haig-Thomas

+44 (0)20 3167 7220

+44 (0)20 3167 7222

 

 

Tavistock

Financial PR & IR (UK)

Emily Moss

Jos Simson

Oliver Lamb

+44 (0) 207 920 3150

[email protected]

 

R&A Strategic Communications

PR (South Africa)

James Duncan

+27 (0)11 880 3924

[email protected] 

 

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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