Kropz PLC Drawdown on Bridge Loan Facilities (9812Q)
23 Octobre 2023 - 12:13PM
UK Regulatory
TIDMKRPZ
RNS Number : 9812Q
Kropz PLC
23 October 2023
23 October 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
was made on 18 September 2023. The second draw down on the Loan for
an amount of ZAR 75 million was made on 20 October 2023.
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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October 23, 2023 06:13 ET (10:13 GMT)
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