Business
Admission to Trading and First Day of Dealings
Admission to Trading and First Day of Dealings.
About this update from Kropz Plc
[{"type":"text","content":"\n \nRNS Number : 9844I Kropz PLC 30 November 2018 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.\nThis announcement does not constitute or form part of an offer to sell or issue or a solicitation of an offer to subscribe for or buy any securities nor should it be relied upon in connection with any contract or commitment whatsoever. Investors should not purchase or subscribe for any transferable securities referred to in this announcement except on the basis of the information in the admission document dated 27 November 2018 (the \"Admission Document\") published by Kropz Plc (\"Kropz\" or the \"Company\" and, together with its subsidiaries \"Group\") in connection with the proposed admission of its issued and to be issued ordinary shares of £0.001 each (\"Ordinary Shares\") to trading on AIM, a market operated by London Stock Exchange plc (\"Admission\").\n30 November 2018\nKropz Plc\n(\"Kropz\" or the \"Company\")\n \nAdmission to Trading on AIM and First Day of Dealings\n \nKropz Plc (AIM: KRPZ), an emerging African plant nutrient producer, is pleased to announce that Admission and dealings in its Ordinary Shares on the AIM market of the London Stock Exchange commences at 08:00am today, 30 November 2018, under the ticker symbol 'KRPZ'. \n \nAs part of the Admission, the Company has raised gross proceeds of approximately £27.3 million (US$35 million) before expenses (the \"Fundraising\") with new UK, South African and international shareholders, and existing shareholders.\nThe vision of the Group is to become a leading independent phosphate rock producer and to develop, over time, into an integrated, mine-to-market plant nutrient company focused on sub-Saharan Africa.\nAcquisition of Cominco Resources Limited\nOn 1 November 2018, the Company made an all share offer to acquire Cominco Resources Limited (\"Cominco\"), which through its wholly owned subsidiary, Cominco S.A., currently owns...