Kropz PLC Drawdown on Bridge Loan Facilities (8054M)
18 Septembre 2023 - 3:03PM
UK Regulatory
TIDMKRPZ
RNS Number : 8054M
Kropz PLC
18 September 2023
18 September 2023
Kropz Plc
("Kropz" or the "Company")
Drawdown on Bridge Loan Facilities
Kropz Plc (AIM: KRPZ), an emerging African phosphate producer
and developer, announced on 14 September 2023 that it had entered
into new bridge loan facilities of ZAR 250 million (the "Loan")
with its major shareholder, the ARC Fund, to meet immediate cash
requirements at Kropz Elandsfontein (Pty) Ltd.
The first draw down on the Loan for an amount of ZAR 155 million
has now been made.
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 +44 (0) 207 920 3150
Jos Simson kropz@tavistock.co.uk
Adam Baynes
R&A Strategic Communications PR (South Africa)
Charmane Russell +27 (0) 11 880 3924
Marion Brower charmane@rasc.co.za
marion@rasc.co.za
About Kropz Plc
Kropz is an emerging African phosphate producer and developer
with 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 18, 2023 09:03 ET (13:03 GMT)
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