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Kropz makes final drawdown of ZAR52.5 million on loan

January 17, 2024 at 09:22 am EST

Kropz PLC - South Africa-focused phosphate producer and developer - Makes final drawdown of ZAR52.5 million on loan, the drawdown was announced in December. In November, it entered into a new conditional convertible equity facility of up to ZAR550 million. The facility was signed with a major shareholder, the ARC Fund, to meet immediate cash requirements at Kropz Elandsfontein (Pty) Ltd.

Current stock price: 1.16 pence

12-month change: down 67%

By Sophie Rose, Alliance News senior 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	+1.31%	+3.46%	-
DOW JONES AFRICA TITANS 50 INDEX	465.5 PTS	+0.75%	+3.50%	-
S&P AFRICA 40 INDEX	158.7 PTS	+0.71%	+4.72%	-
KROPZ PLC	1.5 GBX	+11.11%	+20.00%	15.53M

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