Business
Legal Claim Update
Kropz Plc has announced an extension to the legal stay on a claim brought by Teh Hong Eng Investments Holding Limited and Meridian Investment Group PTE. Limited, which relates to an alleged breach of first refusal rights concerning Cominco shares. The stay, initially set to expire on December 31, 2025, has now been extended and will conclude on March 31, 2026, providing a further period of legal respite for Kropz and its subsidiary. Disclaimer*
About this update from Kropz Plc
[{"type":"text","content":"\n\n17 December 2025\nKropz Plc\n(\"Kropz\" or the \"Company\")\n \nLegal Claim Update\n \nKropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer, announces the extension of a legal stay on the claim which Kropz and its subsidiary company, Cominco Resources Limited (\"Cominco\"), are defendants (the \"Claim\").\n \nLegal Claim Update\n \nOn 26 February 2025, Kropz announced that Teh Hong Eng Investments Holding Limited (\"THE\") and Meridian Investment Group PTE. Limited (\"Meridian\") had served Particulars of Claim in litigation in the English High Court to which Kropz and its subsidiary company, Cominco, are defendants. The litigation relates to an alleged breach of THE's right of first refusal to acquire Cominco shares at the time of Kropz's offer to Cominco's shareholders in November 2018 which resulted in the acquisition by Kropz of the entire issued and to be issued share capital of Cominco, including the acceptance of the offer by THE and Meridian as shareholders of Cominco.\n \nOn 22 July 2025, Kropz announced that a legal stay with THE and Meridian in respect of the litigation had been agreed and would expire 31 December 2025. The stay has now been extended and will expire on 31 March 2026.\n \nFurther updates will be made if necessary in due course.\n \n \nFor further information visit www.kropz.com or contact:\n\n\n\n\nKropz Plc\n\n\nVia Tavistock\n\n\n\n\nLouis Loubser (CEO)\n\n\n+44 (0) 207 920 3150\n\n\n\n\n \n\n\n \n\n\n\n\nGrant Thornton UK LLP\n\n\nNominated Adviser\n\n\n\n\nSamantha Harrison\nHarrison Clarke\nCiara Donnelly\n \n\n\n+44 (0) 20 7383 5100\n\n\n\n\n \n\n\n\n\n\n\n\nHannam & Partners\n\n\nBroker\n\n\n\n\nAndrew Chubb\n\n\n+44 (0) 20 7907 8500\n\n\n\n\n \n\n\n \n\n\n\n\nTavistock\n\n\nFinancial PR & IR (UK)\n\n\n\n\nNick Elwes\nJos Simson\n \n\n\n+44 (0) 207 920 3150\[email protected]\n\n\n\n\n \n\n\n \n\n\n\n\nR&A Strategic Communications\n\n\nPR (South Africa)\n\n\n\n\nCharmane Russell\nMarion Brower\n\n\n+27 (0) 11 880 3924\[email protected] \[email protected]\n \n\n\n\n\n \nAbout Kropz Plc\nKropz 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 b...