Notice of Director Resignation

RNS Number : 0294T

Kropz PLC

20 July 2022

 

20 July 2022

Kropz Plc
("Kropz" or the "Company")

Notice of Director Resignation

Mark Summers to step down at the end of 2022

Kropz plc (AIM: KRPZ), an emerging African phosphate producer, announces that Mark Summers, Chief Executive Officer ("CEO")  has decided to stand down as CEO and Executive Director of the Company at the end of 2022. The Board has commenced a process with a view to appointing a new CEO. Mark will continue to work with the Kropz team and his replacement, once appointed, to ensure an orderly hand over and that the day-to-day activities of the business continues.

Further announcements will be made as the CEO process progresses.

Lord Robin William Renwick of Clifton, Non-Executive Chairman of Kropz, commented:

" Both I and the Board have been extremely grateful to Mark for his excellent service to the Company over the past several years. "

Mark Summers, commented:

"We have achieved a great deal since I joined in 2015. With Elandsfontein now moving into the operational phase, and the way forward at Hinda well-defined, I have decided that the time is right to hand over the reins at Kropz and seek new opportunities.  I would like to thank our shareholders for all their support as well as all the team at Kropz for their incredible hard work and commitment. I wish them every success in the future."

For further information visit   www.kropz.com  or contact:

Kropz Plc	Via Tavistock
Mark Summers (CEO)	[phone]
Grant Thornton UK LLP	Nominated Adviser
Samantha Harrison Harrison Clarke George Grainger Ciara Donnelly	[phone]
Hannam & Partners	Broker
Andrew Chubb Ernest Bell	[phone]
Tavistock	Financial PR & IR (UK)
Emily Moss Nick Elwes Adam Baynes	[phone] [e-mail]
R&A Strategic Communications	PR (South Africa)
James Duncan	[phone] [e-mail]

About Kropz Plc

Kropz is an emerging African phosphate producer and developer, with an advanced stage phosphate mining project in South Africa and a phosphate project 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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