Press releases 2022
New Convertible Facility Agreement and General Meeting Notice
Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer, announces it has entered into a new conditional convertible equity facility of up to ZAR 177 million (approximately US$11 million) (“ZAR 177 Million Equity Facility”), with the ARC Fund (“ARC”), the Company's major shareholder, to fund the Company’s Elandsfontein phosphate project to first revenues from bulk concentrate sales.
| | 188.69 KBBridge Loan Facility Drawdown
Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer, is pleased to confirm that, further to its announcement on 27 April 2022, the Company and the ARC Fund have completed the legal documentation in respect of the ZAR25 million bridge loan facility (the "Loan") and the Loan has been drawn down in full by the Company.
| | 114.58 KBElandsfontein Phosphate Project Update and Bridge Loan Facility
Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer, reports that due to slower than expected progress in the ramp up of operations at Kropz Elandsfontein (Pty) Ltd ("Elandsfontein"), production of sufficient phosphate rock concentrate for the first bulk sale will be achieved later in Q2 than originally expected. | | 138.04 KBOperational Activities
Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer, reports that further to the announcement made on 18 March 2022, site visits with potential small local buyers of phosphate rock concentrate ("Concentrate") from its Elandsfontein operation in South Africa are underway. | | 112.88 KBTotal Voting Rights
In compliance with the FCA's Disclosure Guidance and Transparency Rules (the "Rules"), the Company announces that, as at the date of this announcement, it has in issue 923,718,223 ordinary shares with voting rights. | | 114.95 KBFirst production from Elandsfontein
Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer, is pleased to announce first production of phosphate rock concentrate (“Concentrate”), from its Elandsfontein operation in South Africa. | | 163.07 KBConvertible Equity Facility Draw Downs
Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer, is pleased to confirmKropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer, is pleased to confirmthat it has made its third draw down request under the conditional convertible equity facility of up toZAR 200 million (“ZAR Equity Facility”), with its major shareholder, the ARC Fund (“ARC”), asannounced on 29 September 2021. | | 140.43 KBEquity Facility Draw Down
Kropz Plc (AIM: KRPZ), an emerging African phosphate explorer and developer, is pleased to confirm that it has made a further quarterly draw down request under one of the equity facilities with its major shareholder, the ARC Fund (“ARC”). The Company had/has three equity facilities with ARC: | | 128.16 KBTotal Voting Rights
In compliance with the FCA's Disclosure Guidance and Transparency Rules (the "Rules"), the Company announces that, as at the date of this announcement, it has in issue 916,271,975 ordinary shares with voting rights. | | 115.49 KBLong Term Incentive Plan Awards
Kropz Plc (AIM: KRPZ), an emerging African phosphate developer, is pleased to announce that the Company has issued ordinary shares in the Company to key members of the executive management team, including certain Persons Discharging Managerial Responsibilities ("PDMRs"), including Chief Executive Officer Mark Summers and Chief Operating Officer Michelle Lawrence. The issue of ordinary shares are due to awards vesting and issued under its Long Term Incentive Plan ("LTIP Awards"), issued on 31 July 2020 as announced on 4 August 2020. | | 157.84 KB