Business
Results of WRAP Offer and Update on Subscription
Kropz Plc announced the results of its WRAP Retail Offer and a conditional subscription with the ARC Fund, raising total gross proceeds of approximately £917,431 from the issuance of 79,776,625 new ordinary shares. Retail investors subscribed for 299,640 shares, with ARC subscribing for the remaining 7,620,153 shares under underwriting arrangements. The issuance of these new shares is conditional upon South African Reserve Bank approval and admission to trading on AIM, expected on March 26, 2026. Following admission, the Company's issued share capital will be 1,647,367,866 ordinary shares. Disclaimer*
About this update from Kropz Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF THE LAWS OF ENGLAND AND WALES PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\"). UPON PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE WITHIN THE PUBLIC DOMAIN.\n \n25 February 2026\n \nKropz Plc\n(\"Kropz\" or the \"Company\")\n \nResult of WRAP Retail Offer\n \nResults of WRAP Retail Offer and Update on Subscription\n \nKropz plc (AIM: KRPZ) today announces the result of its offer to its existing retail investors via the Winterflood Retail Access Platform (the \"WRAP Retail Offer\") and the results of its conditional subscription with the ARC Fund (\"ARC\") (the \"Subscription\").\n \nRetail investors have conditionally subscribed in the WRAP Retail Offer for a total of 299,640 ordinary shares of 0.1 pence each in the capital of the Company (\"Ordinary Shares\") (the \"WRAP Retail Offer Shares\"). Consequently, ARC will subscribe for the remaining 7,620,153 ordinary shares under the Subscription in accordance with the underwriting arrangements (taking ARC's total subscription to 79,476,985 ordinary shares).\n \nThe Fundraising in aggregate comprised 79,776,625 New Ordinary Shares raising total gross proceeds of approximately £917,431 for the Company.\n \nExchange Control Approval and Admission\nThe issue of the total of 79,776,625 new ordinary shares (the \"New Ordinary Shares\") is conditional upon approval from the South African Reserve Bank (\"Exchange Control Approval\") and upon admission of the New Ordinary Shares to trading on AIM (\"Admission\") becoming effective. Application will be made to London Stock Exchange plc for Admission, which, subject to receipt of Exchange Control Approval, is expected to take place at 8.00 a.m. on 26 March 2026, bei...