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Pin to quick picksKropz Plc Share News (KRPZ)

Share Price Information for Kropz Plc (KRPZ)

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TRADING UPDATES: Fiinu teams with TransUnion; GRC wins pact

Fri, 23rd Dec 2022 18:15

(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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Fiinu PLC - Surrey, England-based fintech company - Says information and insights company TransUnion is supporting Fiinu Bank's overdraft solution platform through TransUnion's open banking offering and credit reference data. "This information will provide an in-depth understanding of a consumer's financial situation and help Fiinu, which is a registered bank, to deliver robust open banking-driven eligibility checks of consumers applying for an overdraft," Fiinu adds.

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GRC International Group PLC - Ely, England-based provider of products and services for IT governance, risk management and compliance - Says IT governance wins G-Cloud 13 framework contract. Will provide more than 100 of its products and services through UK government's digital marketplace. "This eliminates the need for its customers to go through a full tender process," GRC adds. "Launched in 2012, G-Cloud 13 is an online catalogue and the newest iteration of the G-Cloud framework, which is used by the UK public sector to identify and acquire a diverse range of cloud-based computing services."

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Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Receives approval from South Africa's Department of Mineral Resources & Energy and Petroleum Agency of South Africa for acquisition of additional interest in Block 3B/4B. Now holds interest of just over 26%.

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Corre Energy BV - Groningen, Netherlands-based renewable energy storage solutions and green hydrogen producer - Signs binding commercial terms for a 15-year offtake agreement with renewable power supplier Eneco. Deal concerns entire storage capacity of the Zuidwending compressed air energy storage in Netherlands. "Under the terms of the arrangement, Corre Energy will construct, operate and maintain the facility and Eneco will optimise the entire output of the storage site on behalf of Corre Energy. Eneco will provide market access services, enabling Corre Energy to benefit from revenue linked to the high flexibility value of the asset, while also guaranteeing a base level of income," Corre adds.

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Cizzle Biotechnology Holdings PLC - London-based diagnostics developer - Agrees put option to sell 5% interest in AZD 1656 asset, which treats inflammatory pulmonary and cardiovascular disease. Also sells royalty sharing agreement with St George Street Capital. Both sold to Conduit Pharmaceuticals Ltd for GBP3.3 million, to be satisfied in shares. In addition, Cizzle raises GBP115,586 through subscription of 7.4 million new shares at 1.6 pence each.

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Kropz PLC - African phosphate developer - Says in process of engaging with possible successor to Mark Summers as chief executive officer. "The formal appointment and announcement are expected to be finalised in early January 2023. In the meantime, Mark Summers has agreed to remain as CEO until the appointment is formalised," Kropz adds. Summers, and outgoing operating chief Michelle Lawrence, are staying with Kropz under short-term consulting agreements. Kropz adds: "Progress is being made with regards to the first bulk concentrate sale from Kropz Elandsfontein. The sale of approximately 30,000 tonnes of concentrate is expected to ship in early 2023. The product, which has been generated throughout the commissioning and ramp up period, will be sold at a discount to current market prices."

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Star Phoenix Group Ltd - oil and gas company focused on Trinidad and Indonesia - Will be unable to appoints its new auditor or publish its results for the year ended June 30 by the end of 2022, as resolutions at its general meeting on Monday are rejected by shareholders. Shareholders vote for the removal of the auditor and against the appointment of a new auditor. As a result, the oilfield services company's share will be suspended from trading on AIM from the morning of January 3.

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abrdn China Investment Co Ltd - Invests predominantly in Chinese equities - Gets regulatory approval for qualified foreign investor licence. Allows it "access to a broader investible universe within Chinese equities".

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Triple Point Social Housing REIT PLC - London-based real estate investment trust - Notes Regulator of Social Housing takes enforcement action against My Space Housing Solutions, or My Space. My Space ratings downgraded to V4 for viability and G4 for governance, from V3 and G3, respectively. Triple Point Social Housing has 34 properties leased to My Space, representing 7.5% of contracted rent roll. Triple Point adds: "The group's investment manager, Triple Point Investment Management LLP, continues to engage actively with My Space regarding improvements to its operations, with the aim of increasing rental payments and agreeing a payment schedule in respect of rent arrears. The manager also notes that My Space has sought to address a number of the concerns noted in today's regulatory judgement. However, as part of the ongoing engagement with My Space, the group will consider whether it is appropriate to put in place alternative arrangements for some or all of its properties."

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PureTech Health PLC - Boston, US-based biotherapeutics company - Says trial results find LYT-300 achieves blood levels of allopregnanolone "at or above those associated with therapeutic benefit". Chief Medical Officer Julie Krop adds: "Today's results make us very excited about the potential of LYT-300 to unlock the full therapeutic benefit of allopregnanolone, which to date has been limited to a small subset of patients."

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2022 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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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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15 Dec 2023 21:26

EARNINGS AND TRADING: Smoove says acquisition by Digcom approved

(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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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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