Business
Update on offer for Cominco, Issue of Shares & TVR
Update on offer for Cominco, Issue of Shares & TVR.
About this update from Kropz Plc
[{"type":"text","content":"\n \nRNS Number : 4129Q Kropz PLC 19 February 2019 \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.\n19 February 2019\nKropz Plc\n(\"Kropz\" or the \"Company\")\n \nUpdate on offer for Cominco Resources Limited (\"Cominco\"), Issue of Shares and Total Voting Rights\n \nKropz Plc (AIM: KRPZ), an emerging African producer of plant nutrient feed minerals, is pleased to announce that, further to its announcement on 3 December 2018, it has applied the provisions of section 176 of the BVI Business Companies Act 2004 to compulsorily redeem any outstanding ordinary shares of Cominco (\"Cominco Shares\") held by the remaining Cominco Shareholders (\"Compulsory Redemption\").\n \nPursuant to the Compulsory Redemption, Kropz has acquired the remaining 482,927 Cominco Shares for which a further 803,315 Ordinary Shares of Kropz will be issued, conditional on admission to trading on AIM. Application will be made for these additional 803,315 Ordinary Shares to be admitted to trading on AIM with admission expected at 8am (London time) on 22 February 2019.\n \nFollowing the issue of the further consideration shares, the total number of Ordinary Shares will be 264,041,648. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.\n \nFor further information visit www.kropz.com or contact:\n\n\n\n\nKropz Plc\n\n\n \n\n\n\n\nIan Harebottle (CEO)\n \n\n\n+44 (0) 1892 516 232\n \n\n\n\n\n \n\n\n \n\n\n\n\nNominated Adviser\n\n\n\n\nGrant Thornton UK LLP\n\n\n\n\nRichard Tonthat\nSamantha Harrison\nBen Roberts\n\n\n+44 (0) 20 7383 5100\n\n\n\n\n \n\n\n \n\n\n\n\nJoint Broker\n\n\n \n\n\n\n\nHannam & Partners\n\n\n \n\n\n\n\nAndrew Chubb\nErnest Bell\n\n\n&n...