Kropz PLC Issue of Shares and Total Voting Rights (7591O)
February 01 2019 - 2:00AM
UK Regulatory
TIDMKRPZ
RNS Number : 7591O
Kropz PLC
01 February 2019
1 February 2019
Kropz Plc
("Kropz" or the "Company")
Issue of Shares and Total Voting Rights
Kropz Plc (AIM: KRPZ), an emerging African producer of plant
nutrient feed minerals, announces that it has issued 1,357,080 new
ordinary shares of GBP0.001 each ("Ordinary Shares") in the capital
of the Company at a price of 40 pence per share and 1,116,544
warrants at an exercise price of 40 pence per warrant to certain
advisers in lieu of cash fees arising from their involvement with
the Company's admission to AIM on 30 November 2018 and the
acquisition of Cominco Resources Limited.
Application has been made for these additional 1,357,080 new
Ordinary Shares to be admitted to trading on AIM with admission
expected at 8am (London time) on 6 February 2019.
Following the issue of the further new Ordinary Shares, the
total number of Ordinary Shares will be 263,238,333. This figure
may be used by shareholders as the denominator for the calculations
by which they determine if they are required to notify their
interest in, or a change of their interest in, the Company under
the FCA's Disclosure Guidance and Transparency Rules.
For further information visit www.kropz.com or contact:
Kropz Plc
Ian Harebottle (CEO) +27 (0) 21 930
Michelle Lawrence 0927
Nominated Adviser
Grant Thornton UK LLP
Richard Tonthat
Samantha Harrison +44 (0) 20 7383
Ben Roberts 5100
Joint Broker
Hannam & Partners
Andrew Chubb +44 (0)20 7907
Ernest Bell 8500
Joint Broker
Mirabaud Securities
Ltd
Rory Scott +44 (0)20 3167
Edward Haig-Thomas 7221
Financial Public Relations & Investor
Relations (UK)
Tavistock
Emily Fenton +44 (0) 207 920
Gareth Tredway 3150
Jos Simson kropz@tavistock.co.uk
Public Relations (South Africa)
Russell & Associates
Charmane Russell +27 (0)11 880 3924
James Duncan charmane@rair.co.za
About Kropz Plc
Kropz is an emerging plant nutrient producer with an advanced
stage phosphate mining project in South Africa, a phosphate project
in the Republic of Congo and an exploration asset in Ghana. 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.
Kropz's Elandsfontein Phosphate Project is a near-term producing
asset in South Africa's Western Cape Province, close to export
infrastructure and primed to take advantage of a recovery in
phosphate prices.
The Company's medium-term development asset is the Hinda
Phosphate Project in the RoC.
The Company has also secured a prospecting right in Ghana, to
undertake further exploration work on the Aflao Project, the
potential extension of the well-known, high grade and historically
exploited Hahotoe-Kpogame-Kpeme deposit in Togo.
ENDS
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END
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