RNS Number : 7640H
Kropz PLC
10 October 2024
 

10 October 2024

 

Kropz plc

 

("Kropz" or the "Company")

 

Receipt of Exchange Control Approval

 

Kropz plc (AIM: KRPZ), an emerging African phosphate producer, is pleased to announce that it has received approval from the South African Reserve Bank ("Exchange Control Approval") in relation to the Restructuring, Fundraising and the issue of the Convertible Loan Notes as announced on 3 September 2024.

 

Consequently, as shareholder approval was obtained at the General Meeting ("GM") on 20 September 2024, the Restructuring, Fundraising and the issue of the Convertible Loan Notes is now wholly unconditional.

 

An application has been made for the 643,873,018 new Ordinary Shares ("New Ordinary Shares") pursuant to the Fundraising to be admitted to trading on AIM ("Admission") and a further announcement will be made in due course to confirm the commencement date and time of dealings in respect of the New Ordinary Shares.

 

 

For further information visit www.kropz.com or contact:

 

Kropz Plc 

Via Tavistock 

Louis Loubser (CEO) 

+44 (0) 207 920 3150 



Grant Thornton UK LLP 

Nominated Adviser 

Samantha Harrison 

Harrison Clarke 

Ciara Donnelly 

+44 (0) 20 7383 5100 



Hannam & Partners 

Broker 

Andrew Chubb 

Ernest Bell 

+44 (0) 20 7907 8500 



Tavistock 

Financial PR & IR (UK) 

Nick Elwes 

Jos Simson 

 

+44 (0) 207 920 3150 

kropz@tavistock.co.uk 



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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