ECA Approval and Admission Date of Shares

In brief · summary, not quotable

Kropz plc has received Exchange Control Approval from the South African Reserve Bank, making its fundraising wholly unconditional. The company has applied for 79,776,625 new Ordinary Shares to be admitted to trading on AIM, with dealings expected to commence around 8:00 a.m. on 6 May 2026. Following this admission, Kropz's issued share capital will increase to 1,647,367,866 Ordinary Shares, which will serve as the denominator for shareholders calculating their notification requirements under FCA rules.

Full announcement

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Kropz plc (AIM: KRPZ), an emerging African phosphate producer, is pleased to announce that it has received approval from the South African Reserve Bank ("Exchange Control Approval") in relation to Fundraising and Amendment to Loan Terms as announced on 25 February 2026.

Consequently, the Fundraising is now wholly unconditional.

An application has been made for the 79,776,625 new Ordinary Shares ("New Ordinary Shares") pursuant to the Fundraising to be admitted to trading on AIM ("Admission"). Dealings in respect of the New Ordinary Shares are expected to commence on or around 8.00 a.m. on 6 May 2026.

Following Admission, the Company's issued share capital will be 1,647,367,866 Ordinary Shares. This figure of 1,647,367,866 may then be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.