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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: Rogue Baron names chair; Mobile Streams wins contract

Mon, 14th Nov 2022 21:35

(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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Mobile Streams PLC - London-based mobile content provider - Signs a five -year contract to be the exclusive provider of all Non-fungible tokens for Ladies Professional Golf Association golfer Gaby Lopez. Says this expands its "HeroesNFTclub" brand into the golf sector. Does not disclose the financial details of the contract. "It's a privilege to have signed Gaby Lopez to HeroesNFTClub. Gaby is an amazing and hugely popular golfer, known not only in Mexico but all over the world. We can't wait to produce some great products together that her fans will love," Chief Executive Mark Epstein says.

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Kingswood Holdings Ltd - London-based wealth and investment management - Completes acquisition Glasgow-based financial advice firm Strategic Asset Managers Ltd. "The opportunity to build our relationships across Scotland is an exciting one as we strive to help more people achieve their goals. Kingswood's build and buy strategy continues, with a further four purchase transactions under exclusive due diligence, that we expect to close in the coming months, plus additional transactions that are currently under negotiation," CEO David Lawrence says.

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Kropz PLC - African phosphate developer - Agrees ZAR550 million convertible equity facility with major shareholder ARC Fund. Secures the funding to progress the ramp-up of its operations at the Elandsfontein phosphate project in South Africa. Adds that the funds will also provide working capital to the company for "general corporate purposes".

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GreenRoc Mining PLC - London-based miner-focused mineral projects in Greenland - Gets first batch of assay results from the drill core from the 2022 phase two drilling programme at its flagship Amitsoq graphite project in Greenland. Says the assay results from four of the 19 holes drilled returned more "world-class graphite grades". Appoints Niras AS to undertake a social impact assessment at Amitsoq. This is a key precursor to a mining licence application in Greenland, it says. Alba Mineral Resources PLC - explorer with assets in Greenland, Ireland and the UK - holds a 54% majority interest in GreenRoc and notes the "positive" developments at the project.

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Euromoney Institutional Investor PLC - London-based business information and events - Says Andrew Rashbass will step down as chief executive officer when the acquisition of Euromoney by Becketts Bidco Ltd is completed. "It has been a privilege to work at Euromoney during a period of great change alongside all my many talented and committed colleagues. It is an extraordinary team of people. I would like to thank the board and our shareholders for their support, and I wish the company, all its staff, and the new owners continued success," Rashbass comments. Becketts Bidco is a consortium of Luxembourg-based private equity firm Astorg Asset Management and London-based private equity firm Epiris LLP.

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Ingenta PLC - Oxford-based publishing software developer - Says its tender offer was "significantly" oversubscribed. Records a total of 5.4 million shares, representing 33% of its issued share capital. The offer was 1.8 million shares, representing 11% of its share capital. Accordingly, a total of 1.8 million shares will be purchased under the offer and cancelled. Plans to return GBP2.1 million to shareholders.

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Brandshield Systems PLC - London-based cybersecurity solutions provider - Plans to undertake a fundraise consisting of a placing and a subscription at a price of 6 pence per new ordinary share to raise GBP1.8 million. Says that it will be in a position to maintain growth in annual recurring revenue and to further capitalise on a significant market opportunity, following the fundraise. "This additional round of investment will enable us to maintain our growth to further increase our market share. Our products are now deployed across multiple sectors globally, protecting a diverse customer base from multinational household names to small, high-growth companies," Chief Executive Officer Yoav Keren comments.

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NetScientific PLC - London-based life sciences and sustainability technology investment firm - Reports that its portfolio company PDS Biotechnology Corp received results for the quarter that ended September 30. "PDS Biotech has made substantial progress during the third quarter, as it continues to execute its commercialisation strategy for their lead candidate, PDS101. We are delighted with the headway they are making in 2022, despite a challenging biotech public markets environment," CEO Ilian Iliev comments.

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New Century AIM VCT PLC - London-based venture capital trust investing in AIM-listed companies - Net asset value per share as at August 31 67p, down versus 98p as at February 28. Pays a dividend of 9p per share on September 22.

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Global Ports Holding PLC - London-based cruise port operator - Signs a 10-year concession, with a 10-year extension option, with the Prince Rupert Port Authority to manage cruise services at the Prince Rupert Cruise Port in British Columbia, Canada.

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Rogue Baron PLC - London-based distiller - Appoints Ainslie Wood as non-executive chair with immediate effect. Says that Wood is a "highly experienced" corporate finance executive with wide-ranging international and capital markets experience.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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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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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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