Kropz PLC - South Africa-focused phosphate producer and developer - Makes final drawdown of ZAR52.5 million on loan, the drawdown was announced in December. In November, it entered into a new conditional convertible equity facility of up to ZAR550 million. The facility was signed with a major shareholder, the ARC Fund, to meet immediate cash requirements at Kropz Elandsfontein (Pty) Ltd. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Kropz PLC - South Africa-focused phosphate producer and developer - Says it has now made final drawdowns on its bridge loan for ZAR20 million, around GBP841,039, and ZAR7.5 million. In September, Kropz said Kropz Elandsfontein (Pty) Ltd and The ARC Fund have agreed to a ZAR250 million. It said the loan facility to meet immediate and additional near-term funding requirements at Elandsfontein. The facility will be used to progresses commercial sales, and also to meet Elandsfontein's interest and capital payment obligations to BNP Paribas SA. In November, it entered into a new conditional convertible equity facility of up to ZAR550 million. Read More
Kropz PLC - South Africa-focused phosphate producer and developer - Changes its accounting reference date to March 31, from December 31. Accordingly, its current accounting period, which began on January 1, will now end on March 31, 2024. Read More
Kropz PLC - South Africa-focused phosphate producer and developer - Makes second drawdown on ZAR250 million - around GBP10.8 million - bridge loan facility with its major shareholder the ARC Fund. Says drawdown is for ZAR75 million. The first was for ZAR155 million. The facility was agreed to meet immediate cash requirements at Kropz Elandsfontein Pty Ltd. Read More
Kropz PLC - South Africa-focused phosphate producer and developer - Notes that French bank BNP Paribas SA extends its waiver for loan facility to December 31. Outstanding amount is USD15.0 million. "A replacement loan is expected to be in place by the last quarter of 2023, before expiry of the facility," Kropz says. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
Kropz PLC - South Africa-focused phosphate producer and developer - In the six months to June 30, pretax loss narrows to USD4.0 million from USD61.0 million a year prior. Reports USD14.1 million revenue for the first half of 2023, compared to none a year prior. Cost of sales are USD16.4 million in the first half of 2023, compared to none in the first half of 2022. "With the unexpected record rainfall experienced in the Western Cape the mining plan was amended to consider higher rainfall in winter periods to minimise the effects of wet mining conditions," company notes. Looking ahead, expects to stay in operational existence until at least December next year. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Kropz PLC - South Africa-focused phosphate producer and developer - Says Kropz Elandsfontein (Pty) Ltd and The ARC Fund have agreed to a ZAR250 million, around USD13.2 million, loan facility to meet immediate and additional near-term funding requirements at Elandsfontein. The facility will be used to progresses commercial sales, and also to meet Elandsfontein's interest and capital payment obligations to BNP Paribas SA. Read More
Kropz PLC - South Africa-focused phosphate producer and developer - Makes a fifth draw down request for ZAR60 million, around GBP2.5 million, from its bridge loan facilities with its major shareholder the ARC Fund. The ZAR285 million facility was agreed upon in March to meet immediate cash requirements at Kropz Elandsfontein Pty Ltd. The loan is now drawn in full. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Kropz PLC - South Africa-focused phosphate producer and developer - Makes a fourth draw down request for ZAR80 million, around GBP3.4 million, from its bridge loan facilities with its major shareholder the ARC Fund. The ZAR285 million facility was agreed upon in March to meet immediate cash requirements at Kropz Elandsfontein Pty Ltd. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Kropz PLC on Monday said it has drawn down ZAR40.0 million, a fourth request under its ZAR550.0 million convertible equity facility with its largest shareholder ARC Fund. Read More
Kropz PLC - African phosphate producer and developer - Makes third drawdown request under new ZAR550 million convertible equity facility from the company's largest shareholder ARC Fund, as announced in November. The third drawdown is for ZAR60 million, with ZAR47.5 million remaining available for drawdown under the facility's term. The next drawdown is expected to be made on or around February 23, in line with the terms of the ZAR550 million equity facility. Read More