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9 Sep 2020 14:36
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 |
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Mark Summers (CEO) | +27 (0)79744 8708 |
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Grant Thornton UK LLP | Nominated Adviser |
Samantha Harrison Niall McDonald | +44 (0) 20 7383 5100 |
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Hannam & Partners | Joint Broker |
Andrew Chubb Ernest Bell | +44 (0)20 7907 8500 |
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Mirabaud Securities Ltd | Joint Broker |
Rory Scott Edward Haig-Thomas | +44 (0)20 3167 7220 +44 (0)20 3167 7222 |
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Tavistock | Financial PR & IR (UK) |
Emily Moss Jos Simson Oliver Lamb | +44 (0) 207 920 3150 kropz@tavistock.co.uk |
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R&A Strategic Communications | PR (South Africa) |
James Duncan | +27 (0)11 880 3924 james@rasc.co.za |
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.
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