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Kropz makes ZAR75 million drawdown on bridge loan facilities

October 23, 2023 at 08:32 am EDT

Kropz PLC - South Africa-focused phosphate producer and developer - Makes second drawdown on ZAR250 million - around GBP10.8 million - bridge loan facility with its major shareholder the ARC Fund. Says drawdown is for ZAR75 million. The first was for ZAR155 million. The facility was agreed to meet immediate cash requirements at Kropz Elandsfontein Pty Ltd.

Current stock price: 1.56 pence

12-month change: down 68%

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
DOW JONES SOUTH AFRICA(ZAR)	1,987 PTS	+1.28%	+3.46%	-
DOW JONES AFRICA TITANS 50 INDEX	466 PTS	+0.86%	+3.63%	-
S&P AFRICA 40 INDEX	158.9 PTS	+0.83%	+4.86%	-
KROPZ PLC	1.5 GBX	+11.11%	+20.00%	15.53M

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