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10 October 2024
Kropz plc
("Kropz" or the "Company")
Receipt of Exchange Control Approval
Kropz plc (AIM: KRPZ), an emerging African phosphate producer, is pleased to announce that it has received approval from the South African Reserve Bank ("Exchange Control Approval") in relation to the Restructuring, Fundraising and the issue of the Convertible Loan Notes as announced on 3 September 2024.
Consequently, as shareholder approval was obtained at the General Meeting ("GM") on 20 September 2024, the Restructuring, Fundraising and the issue of the Convertible Loan Notes is now wholly unconditional.
An application has been made for the 643,873,018 new Ordinary Shares ("New Ordinary Shares") pursuant to the Fundraising to be admitted to trading on AIM ("Admission") and a further announcement will be made in due course to confirm the commencement date and time of dealings in respect of the New Ordinary Shares.
For further information visit www.kropz.com or contact:
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Kropz Plc |
Via Tavistock |
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Louis Loubser (CEO) |
+44 (0) 207 920 3150 |
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Grant Thornton UK LLP |
Nominated Adviser |
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Samantha Harrison Harrison Clarke 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
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+44 (0) 207 920 3150 |
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R&A Strategic Communications |
PR (South Africa) |
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Charmane Russell Marion Brower |
+27 (0) 11 880 3924
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Kropz plc announced on 10 October 2024 that it received Exchange Control Approval from the South African Reserve Bank for its Restructuring, Fundraising, and the issue of Convertible Loan Notes. This approval, combined with shareholder approval obtained at a General Meeting on 20 September 2024, rendered these actions wholly unconditional. An application was subsequently made for the admission to trading on AIM of 643,873,018 new Ordinary Shares pursuant to the Fundraising.
| Date | 10 Oct 2024 |
| Time | 16:30:04 |
| Category | Miscellaneous |
| ID | 7640H |