Kropz PLC Receipt of Exchange Control Approval
11 October 2024 - 2:30AM
RNS Regulatory News
RNS Number : 7640H
Kropz PLC
10 October 2024
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:
|
Kropz Plc
|
Via
Tavistock
|
|
Louis Loubser (CEO)
|
+44 (0) 207 920
3150
|
|
|
|
|
Grant Thornton UK LLP
|
Nominated Adviser
|
|
Samantha Harrison
Harrison Clarke
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
|
+44 (0) 207 920
3150
kropz@tavistock.co.uk
|
|
|
|
|
R&A Strategic Communications
|
PR
(South Africa)
|
|
Charmane Russell
Marion Brower
|
+27 (0) 11 880 3924
charmane@rasc.co.za
marion@rasc.co.za
|
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END
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