Drawdown on Bridge Loan Facilities

Summary by AI BETAClose X

Kropz Plc has announced a second drawdown of ZAR 80 million on its ZAR 200 million (approximately US$ 12.3 million) loan facility with Kropz Elandsfontein (Pty) Ltd and Ubunto-Botho Investments (Pty) Ltd, leaving ZAR 20 million still available. This action indicates continued financial activity and potential progress on the company's phosphate production and development projects in Africa.

Disclaimer*

Kropz PLC
20 August 2026
 

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

20 August 2026

Kropz Plc

("Kropz" or the "Company")

 

Drawdown on Bridge Loan Facilities

 

Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer, announced on 15 July 2026 that Kropz Elandsfontein (Pty) Ltd ("Elandsfontein") and Ubunto-Botho Investments (Pty) Ltd ("UBI") (together the "Parties") have agreed to a ZAR 200 million (approximately US$ 12.3 million) (the "Loan").

 

The second draw down on the Loan for an amount of ZAR 80 million has been made. ZAR 20 million remains available to draw down on the Loan.

 

 

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

Kropz Plc

Via Tavistock

Louis Loubser (CEO)

+44 (0) 207 920 3150

 

 

Grant Thornton UK Advisory & Tax LLP

Nominated Adviser

Samantha Harrison

Harrison Clarke

Ciara Donnelly

 

+44 (0) 20 7383 5100

 


Hannam & Partners

Broker

Andrew Chubb

+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

 

 

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.

-ENDS-

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 

Companies

Kropz (KRPZ)
UK 100

Latest directors dealings