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Pin to quick picksKropz Plc Share News (KRPZ)

Share Price Information for Kropz Plc (KRPZ)

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Share Price: 1.35
Bid: 1.20
Ask: 1.50
Change: 0.00 (0.00%)
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EARNINGS AND TRADING: Smoove says acquisition by Digcom approved

Fri, 15th Dec 2023 21:26

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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Kropz PLC - South Africa-focused phosphate producer and developer - Says subsidiary Kropz Elandsfontein Ltd and ARC Fund have agreed to a ZAR115 million loan facility due to the delay in arranging re-financing of its BNP loan facility. Notes that it is in the process of refinancing its BNP loan, but say its replacement loan is expected to occur in the first quarter of 2024, later than December 31 as previously expected. Says it has made its first drawdown of its ARC Fund loan on Friday, taking ZAR62.5 million.

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Tullow Oil PLC - oil and gas explorer and producer - Says USD140.9 million of notes were tendered in its 2025 loan note offer. Chief Financial Officer Richard Miller says: "2023 has been a transformative year for our balance sheet. Following the start-up of the Jubilee South East project earlier this year, we are now in a period of material free cash flow, with approximately USD800 million expected to be generated between 2023 to 2025."

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TI Fluid Systems PLC - Oxford, England-based company that designs and manufactures thermal management and fluid handling systems - Says it has completed the first EUR5 million tranche of its EUR40 million share buyback. Says it will begin its second tranche of its buyback, with a maximum consideration of GBP20 million, will begin on Friday.

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Entain PLC - London-based sports betting and gambling operator, via Coral, Ladbrokes, PartyPoker and various other brands - Says it has appointed Stella David as its new interim chief executive. Appoints Pierre Bouchut as senior independent director. Chair Barry Gibson says: "On behalf of the Board, I am delighted that Pierre has agreed to take on the role of Senior Independent Director to replace Stella. His extensive board experience and knowledge of the company makes him ideally placed for the role of senior independent director."

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Wentworth Resources PLC - Tanzania-focused natural gas production company - Says 57% of shareholders vote against its director remuneration resolution.

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Smoove PLC - Oxon, England-based software solutions provider for the housing market - Says the UK court has issued an order sanctioning its acquisition by Digcom UK Holdings Ltd. Notes that the conditions of the acquisition have been satisfied, with delivery of the court order expected to take place on December 19.

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Yooma Wellness Inc - Toronto, Canada-based CBD and cannabis-related wellness products maker - Says its shares have been withdrawn from business effective Friday. Says shares were halted from trading as it did not meet its July 15 deadline of publishing its audited accounts. Says it has decided to seek voluntary liquidation.

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Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says it has received a director loan of GBP81,329 from Paulus Fillippus Venter, its non-executive director. Says the proceeds of the loan will be used for working capital purposes. Says the loan has no fixed repayment term, and an interest rate of 7%.

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Dial Square Investments PLC - Manchester-based investment vehicle - Says it has agreed to acquire EnergyPathways Ltd via a reverse takeover. Says the acquisition was conditional on its admission to London's AIM market, and thus says it will request the cancellation of its shares. Notes that it raises GBP2.0 million via a placing of 50.0 million shares at 4p per share as part of the reverse takeover. Notes that it has applied for the admission of its issued shares, which is expected on December 20. On admission it expects a market capitalisation of GBP6.3 million. EnergyPathways is an integrated energy transition company.

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By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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3 Apr 2024 18:42

EARNINGS AND TRADING: Saint-Gobain buys Bailey Group; Kropz inks loan

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28 Mar 2024 12:00

IN BRIEF: Kropz reports GBP30.2 million revenue; annual loss narrows

Kropz PLC - South Africa-focused phosphate producer and developer - Says pretax loss narrows to USD13.5 million in 2023 from USD97.8 million the year before. In 2022, the firm had paid impairment losses of USD92.7 million, compared to none in 2023. Meanwhile, reports revenue of USD30.2 million in 2023, after having generated no revenue the year before.

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TRADING UPDATES: Sorted renews M&S deal; Tribe completes drill build

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29 Feb 2024 13:00

IN BRIEF: Kropz financial manager resigns, names successor

Kropz PLC - South Africa-focused phosphate producer and developer - Financial Manager Louis Swart resigns as of Thursday, with Kropz naming Werner Greyling as successor. Greyling is a member of the South African Institute of Chartered Accountants.

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24 Jan 2024 12:31

IN BRIEF: Kropz sells phosphate concentrate to Kropz Elandsfontein

Kropz PLC - South Africa-focused phosphate producer and developer - Notes sale of 67,873 tonnes of phosphate concentrate from Kropz Elandsfontein (Pty) Ltd during the fourth quarter of 2023. This brings sales to 262,703 tonnes for the 12 months ended December 31. Kropz says it "remains committed to growing its sales pipeline" and has scheduled sales to take place in the first quarter of 2024.

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17 Jan 2024 14:21

IN BRIEF: Kropz makes final drawdown of ZAR52.5 million on loan

Kropz PLC - South Africa-focused phosphate producer and developer - Makes final drawdown of ZAR52.5 million on loan, the drawdown was announced in December. In November, it entered into a new conditional convertible equity facility of up to ZAR550 million. The facility was signed with a major shareholder, the ARC Fund, to meet immediate cash requirements at Kropz Elandsfontein (Pty) Ltd.

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8 Dec 2023 12:29

IN BRIEF: Kropz makes final drawdown on ZAR550 million facility

Kropz PLC - South Africa-focused phosphate producer and developer - Says it has now made final drawdowns on its bridge loan for ZAR20 million, around GBP841,039, and ZAR7.5 million. In September, Kropz said Kropz Elandsfontein (Pty) Ltd and The ARC Fund have agreed to a ZAR250 million. It said the loan facility to meet immediate and additional near-term funding requirements at Elandsfontein. The facility will be used to progresses commercial sales, and also to meet Elandsfontein's interest and capital payment obligations to BNP Paribas SA. In November, it entered into a new conditional convertible equity facility of up to ZAR550 million.

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8 Nov 2023 15:07

IN BRIEF: Kropz changes accounting reference dates to March-end

Kropz PLC - South Africa-focused phosphate producer and developer - Changes its accounting reference date to March 31, from December 31. Accordingly, its current accounting period, which began on January 1, will now end on March 31, 2024.

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23 Oct 2023 13:30

IN BRIEF: Kropz makes ZAR75 million drawdown on bridge loan facilities

Kropz PLC - South Africa-focused phosphate producer and developer - Makes second drawdown on ZAR250 million - around GBP10.8 million - bridge loan facility with its major shareholder the ARC Fund. Says drawdown is for ZAR75 million. The first was for ZAR155 million. The facility was agreed to meet immediate cash requirements at Kropz Elandsfontein Pty Ltd.

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3 Oct 2023 11:49

IN BRIEF: Kropz shares jump as receives extension for outstanding loan

Kropz PLC - South Africa-focused phosphate producer and developer - Notes that French bank BNP Paribas SA extends its waiver for loan facility to December 31. Outstanding amount is USD15.0 million. "A replacement loan is expected to be in place by the last quarter of 2023, before expiry of the facility," Kropz says.

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29 Sep 2023 11:50

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28 Sep 2023 14:06

IN BRIEF: Kropz interim loss narrows as notes record rainfall

Kropz PLC - South Africa-focused phosphate producer and developer - In the six months to June 30, pretax loss narrows to USD4.0 million from USD61.0 million a year prior. Reports USD14.1 million revenue for the first half of 2023, compared to none a year prior. Cost of sales are USD16.4 million in the first half of 2023, compared to none in the first half of 2022. "With the unexpected record rainfall experienced in the Western Cape the mining plan was amended to consider higher rainfall in winter periods to minimise the effects of wet mining conditions," company notes. Looking ahead, expects to stay in operational existence until at least December next year.

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18 Sep 2023 17:07

TRADING UPDATES: Kropz makes ZAR155 million draw down on loan

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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