30th May 2022 14:05
30 May 2022
Kropz Plc("Kropz" or the "Company")
Result of General Meeting
Kropz plc (AIM: KRPZ), an emerging African phosphate producer, is pleased to announce that all the resolutions put to the General Meeting ("GM") held earlier today, Monday 30 May 2022, were duly passed on a poll. A breakdown of proxy votes lodged prior to the GM and votes cast at the GM will be available shortly on the Company's website.
As announced on 11 May 2022, the purpose of the GM was to provide the Company's directors authority to issue and allot, on a non-pre-emptive basis, shares in the Company to meet the full demand under the new ZAR177 million equity facility from the Company's largest shareholder, ARC Fund ("ZAR177 million Equity Facility").
The ZAR 177 Million Equity Facility is also conditional on approval from the South African Reserve Bank ("SARB"). Further updates on this will be provided in due course.
For further information visit www.kropz.com or contact:
Kropz Plc |
|
Mark Summers (CEO) | +27 (0)79 744 8708 |
Grant Thornton UK LLP | Nominated Adviser |
Samantha Harrison Harrison Clarke George Grainger 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 Oliver Lamb | +44 (0) 207 920 3150 |
| |
R&A Strategic Communications | PR (South Africa) |
James Duncan | +27 (0)11 880 3924 |
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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Kropz Plc