Charles Russell Speechlys act for Grant Thornton as nominated adviser on the admission of Kropz plc to trading on AIM
Charles Russell Speechlys was pleased to act for Grant Thornton as nominated adviser and both Hannam & Partners and Mirabaud Securities as joint brokers on the admission of Kropz plc to trading on AIM with a placing of $35 million.
Kropz plc is a South African phosphate development and mining company, with an advanced stage phosphate project in South Africa, a large-scale phosphate project in the Republic of Congo and exploration assets in Ghana. Its market capitalisation on admission to AIM was c.£96m.
The placing proceeds will be used to bring the Elandsfontein Phosphate Project, the Company’s near-term producing asset in South Africa’s Western Cape Province, into production, to define the development programme for the Company’s Hinda Phosphate Project in the Republic of Congo and to explore the Company’s greenfield Ghanaian project.
Partner Paul Arathoon said: “We are delighted to have assisted our clients on Kropz’s successful IPO. We look forward to watching Kropz develop as a listed company.”
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