TIDMKRPZ

RNS Number : 3324Z

Kropz PLC

14 September 2022

14 September 2022

Kropz PLC

("Kropz" or "the Company")

Directorate Change

Kropz Plc announces that Machiel Reyneke is retiring as a non-executive director of the Company, with immediate effect. Mr Reyneke has represented the ARC Fund ("ARC") on Kropz's board of directors since 2018. The board also announces that Gerrit Duminy has been appointed to the board as a non-executive director, as ARC's representative, with immediate effect.

Commenting on the announcement, Robin Renwick, Chairman, said:

"The Board wish to express its sincere thanks to Machiel for his significant help and contribution over the past few years. We have known Gerrit for a number of years, as he worked closely with Machiel, and we welcome him to the board."

Further information on Gerrit Duminy

Gerrit Jacobus Duminy, aged 31, is currently a director of the companies set out below and has no prior directorships or partnerships to disclose.

 
 Current directorships 
 Gemcap Investment Management (Pty) 
  Ltd 
  Linebooker (Pty) Ltd 
  Linebooker Technologies (Pty) Ltd 
  Kropz Elandsfontein (Pty) Ltd 
  Elandsfontein Land Holdings (Pty) 
  Ltd 
 

He is currently employed by UBI General Partner (Pty) Ltd ("UBI") as an Associate Deal Executive. UBI is the general partner, and manager, of ARC. ARC is the Company's major shareholder, with a current holding of 83.2% of the existing ordinary shares of the Company.

There is no further information required to be disclosed in respect of the above appointments pursuant to Rule 17 or Schedule 2 (g) of the AIM Rules for Companies.

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) 
Nick Elwes                     +44 (0) 207 920 
 Jos Simson                     3150 
 Emily Moss                     kropz@tavistock.co.uk 
 
R&A Strategic Communications   PR (South Africa) 
Charmane Russell               +27 (0) 11 880 
                                3924 
                                charmane@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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September 14, 2022 02:02 ET (06:02 GMT)

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