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Kropz Plc announced on 28 May 2025 that a ZAR 130 million (approximately US$ 6.7 million) loan facility, previously agreed between Kropz Elandsfontein (Pty) Ltd and ARC Fund, has now been formally executed. This execution followed the issuance of a Limited Indemnity, Security Cession and Pledge by Kropz Plc in favour of ARC.
| Date | 28 May 2025 |
| Time | 15:59:55 |
| Category | Miscellaneous |
| ID | 4725K |
28 May 2025
Kropz Plc
("Kropz" or the "Company")
Formal Execution of Loan Facility
Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer, announced on 21 May 2025 that Kropz Elandsfontein (Pty) Ltd ("Elandsfontein") and ARC Fund ("ARC") (together the "Parties") have agreed to a ZAR 130 million (approximately US$ 6.7 million) loan facility (the "Loan")
The Loan was pending formal execution and as the Limited Indemnity, Security Cession and Pledge by Kropz Plc has now been issued in favour of ARC for all current and future loan facilities made to Elandsfontein, the Loan has now been formally executed.
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
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+44 (0) 20 7383 5100 |
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Hannam & Partners |
Broker |
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Andrew Chubb |
+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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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.
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