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On 14 September 2022, Kropz PLC announced that Machiel Reyneke retired as a non-executive director with immediate effect. Concurrently, Gerrit Duminy was appointed as a non-executive director, also with immediate effect, to represent the ARC Fund, which holds an 83.2% stake in Kropz's ordinary shares.
| Date | 14 Sept 2022 |
| Time | 07:00:12 |
| Category | Board changes |
| ID | 3324Z |
14 September 2022
Kropz PLC
("Kropz" or "the Company")
Directorate Change
Kropz Plc announces that Machiel Reyneke is retiring as a non-executive director of the Company, with immediate effect. Mr Reyneke has represented the ARC Fund ("ARC") on Kropz's board of directors since 2018. The board also announces that Gerrit Duminy has been appointed to the board as a non-executive director, as ARC's representative, with immediate effect.
Commenting on the announcement, Robin Renwick, Chairman, said:
"The Board wish to express its sincere thanks to Machiel for his significant help and contribution over the past few years. We have known Gerrit for a number of years, as he worked closely with Machiel, and we welcome him to the board."
Further information on Gerrit Duminy
Gerrit Jacobus Duminy, aged 31, is currently a director of the companies set out below and has no prior directorships or partnerships to disclose.
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Current directorships |
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Gemcap Investment Management (Pty) Ltd Linebooker (Pty) Ltd Linebooker Technologies (Pty) Ltd Kropz Elandsfontein (Pty) Ltd Elandsfontein Land Holdings (Pty) Ltd
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He is currently employed by UBI General Partner (Pty) Ltd ("UBI") as an Associate Deal Executive. UBI is the general partner, and manager, of ARC. ARC is the Company's major shareholder, with a current holding of 83.2% of the existing ordinary shares of the Company.
There is no further information required to be disclosed in respect of the above appointments pursuant to Rule 17 or Schedule 2 (g) of the AIM Rules for Companies.
For further information visit www.kropz.com or contact:
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Kropz Plc |
Via Tavistock |
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Mark Summers (CEO) |
+44 (0) 207 920 3150 |
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Grant Thornton UK LLP |
Nominated Adviser |
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Samantha Harrison Harrison Clarke George Grainger Ciara Donnelly |
+44 (0) 20 7383 5100 |
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Hannam & Partners |
Broker |
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Andrew Chubb Ernest Bell |
+44 (0) 20 7907 8500 |
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Tavistock |
Financial PR & IR (UK) |
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Nick Elwes Jos Simson Emily Moss |
+44 (0) 207 920 3150 kropz@tavistock.co.uk |
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R&A Strategic Communications |
PR (South Africa) |
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Charmane Russell |
+27 (0) 11 880 3924 charmane@rasc.co.za |
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.
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