Kropz PLC Result of General Meeting (2779N)
30 Mai 2022 - 3:05PM
UK Regulatory
TIDMKRPZ
RNS Number : 2779N
Kropz PLC
30 May 2022
30 May 2022
Kropz Plc
("Kropz" or the "Company")
Result of General Meeting
Kropz plc (AIM: KRPZ), an emerging African phosphate producer,
is pleased to announce that all the resolutions put to the General
Meeting ("GM") held earlier today, Monday 30 May 2022, were duly
passed on a poll. A breakdown of proxy votes lodged prior to the GM
and votes cast at the GM will be available shortly on the Company's
website.
As announced on 11 May 2022, the purpose of the GM was to
provide the Company's directors authority to issue and allot, on a
non-pre-emptive basis, shares in the Company to meet the full
demand under the new ZAR177 million equity facility from the
Company's largest shareholder, ARC Fund ("ZAR177 million Equity
Facility").
The ZAR 177 Million Equity Facility is also conditional on
approval from the South African Reserve Bank ("SARB"). Further
updates on this will be provided in due course.
For further information visit www.kropz.com or contact:
Kropz Plc
Mark Summers (CEO) +27 (0)79 744 8708
Grant Thornton UK LLP Nominated Adviser
Samantha Harrison
Harrison Clarke
George Grainger
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 +44 (0) 207 920 3150
Jos Simson kropz@tavistock.co.uk
Oliver Lamb
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 producer and developer of plant
nutrient feed minerals with phosphate 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.
-ENDS-
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END
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(END) Dow Jones Newswires
May 30, 2022 09:05 ET (13:05 GMT)
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