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Kropz PLC (KRPZ)


Friday 29 May, 2020

Kropz PLC

Results of GM and Equity Facility Draw Down

RNS Number : 3916O
Kropz PLC
29 May 2020

29 May 2020

Kropz Plc

("Kropz" or the "Company")


Results of General Meeting and Equity Facility Draw Down

Kropz Plc (AIM: KRPZ), an emerging African phosphate explorer and developer, is pleased to announce that all the resolutions put to its General Meeting ("GM"), held earlier today Friday, 29 May 2020, were duly passed on a poll. A breakdown of proxy votes lodged prior to the GM will be available shortly on the Company's website.


Equity Facility Draw Down


As announced on 13 May 2020, Kropz entered into a conditional convertible equity facility of up to US$ 40 million (not exceeding a maximum of ZAR 680 million) with the ARC Fund, the Company's major Shareholder ("Equity Facility") which was conditional on, inter alia, passing of the resolutions at today's GM. Once the other conditions to the Equity Facility are satisfied, the Company will make its first quarterly draw down request under the Equity Facility of US$ 8 million. A further announcement will be made in due course in regards to the draw down and the issue of shares as settlement of this tranche which is expected on 10 June 2020.


For further information visit or contact:

Kropz Plc


Mark Summers (Interim CEO)

+27 (0)79 744 8708



Grant Thornton UK LLP

Nominated Adviser

Richard Tonthat

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




Financial PR & IR (UK)

Emily Moss

Jos Simson

Oliver Lamb

+44 (0)20 7920 3150

[email protected]


R&A Strategic Communications

PR (South Africa)

James Duncan

+27 (0)11 880 3924

[email protected] 

About Kropz

Kropz is an emerging African phosphate explorer and developer, with an advanced stage phosphate 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.


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