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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