The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
27 August 2024
Kropz Plc
("Kropz" or the "Company")
Drawdown on Bridge Loan Facilities
and
BNP loan facility agreement update
Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer, announced on 11 July 2024 that it had entered into a new bridge loan facility of ZAR 140 million (the "Loan") with its major shareholder, the ARC Fund, to meet immediate cash requirements at Kropz Elandsfontein (Pty) Ltd.
The second draw down on the Loan for an amount of ZAR 60 million has been made. The loan is now fully drawn
For further information visit www.kropz.com or contact:
| Kropz Plc | Via Tavistock |
| Louis Loubser (CEO) | +44 (0) 207 920 3150 |
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| Grant Thornton UK LLP | Nominated Adviser |
| Samantha Harrison Harrison Clarke Ciara Donnelly
| +44 (0) 20 7383 5100 |
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| Hannam & Partners | Broker |
| Andrew Chubb Ernest Bell | +44 (0) 20 7907 8500 |
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| Tavistock | Financial PR & IR (UK) |
| Nick Elwes Jos Simson | +44 (0) 207 920 3150 kropz@tavistock.co.uk |
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| R&A Strategic Communications | PR (South Africa) |
| Charmane Russell Marion Brower | +27 (0) 11 880 3924 charmane@rasc.co.za marion@rasc.co.za
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About Kropz Plc
Kropz is an emerging African phosphate producer and developer with projects in South Africa and 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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