RNS Number : 0294T

Kropz PLC

20 July 2022

20 July 2022

Kropz Plc

("Kropz" or the "Company")

Notice of Director Resignation

Mark Summers to step down at the end of 2022

Kropz plc (AIM: KRPZ), an emerging African phosphate producer, announces that Mark Summers, Chief Executive Officer ("CEO") has decided to stand down as CEO and Executive Director of the Company at the end of 2022. The Board has commenced a process with a view to appointing a new CEO. Mark will continue to work with the Kropz team and his replacement, once appointed, to ensure an orderly hand over and that the day-to-day activities of the business continues.

Further announcements will be made as the CEO process progresses.

Lord Robin William Renwick of Clifton, Non-Executive Chairman of Kropz, commented:

" Both I and the Board have been extremely grateful to Mark for his excellent service to the Company over the past several years. "

Mark Summers, commented:

"We have achieved a great deal since I joined in 2015. With Elandsfontein now moving into the operational phase, and the way forward at Hinda well-defined, I have decided that the time is right to hand over the reins at Kropz and seek new opportunities. I would like to thank our shareholders for all their support as well as all the team at Kropz for their incredible hard work and commitment. I wish them every success in the future."

   For further information visit   www.kropz.com  or contact: 
 Kropz Plc                       Via Tavistock 
                                 +44 (0) 207 920 
 Mark Summers (CEO)               3150 
 Grant Thornton UK LLP           Nominated Adviser 
 Samantha Harrison 
  Harrison Clarke 
  George Grainger                +44 (0) 20 7383 
  Ciara Donnelly                  5100 
 Hannam & Partners               Broker 
 Andrew Chubb                     +44 (0)20 7907 
  Ernest Bell                      8500 
 Tavistock                       Financial PR & 
                                  IR (UK) 
 Emily Moss                      +44 (0) 207 920 
  Nick Elwes                      3150 
  Adam Baynes                     kropz@tavistock.co.uk 
 R&A Strategic Communications    PR (South Africa) 
 James Duncan                    +27 (0)11 880 3924 

About Kropz Plc

Kropz is an emerging African phosphate producer 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.

- ENDS -

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(END) Dow Jones Newswires

July 20, 2022 02:00 ET (06:00 GMT)

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