RNS Number : 7458I
Kropz PLC
28 March 2024
 

28 March 2024

Kropz Plc

("Kropz" or the "Company")

 

Drawdown on Bridge Loan Facilities

 

Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer, announced on 27 March that it had entered into a new bridge loan facility of ZAR 170 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 60 million has 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

Jos Simson

+44 (0) 207 920 3150

kropz@tavistock.co.uk

 

 

R&A Strategic Communications

PR (South Africa)

Charmane Russell

Marion Brower

+27 (0) 11 880 3924

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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