FINPROM Findings
2“Retail investors have conditionally subscribed in the WRAP Retail Offer for a total of 299,640 ordinary 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).”
Retail took only 299,640 shares (£3,446) out of the 7.9m target — 3.8% uptake. ARC Fund backstopped the unallocated retail shares, taking a combined 99.6% of the total raise. The WRAP sleeve functioned as a fig-leaf for what was effectively an underwritten single-party subscription.
“the Company has announced a subscription of 71,856,832 new Ordinary Shares ... the ARC Fund (" ARC ")”
Subscription by single related-party investor (ARC Fund) totalling 71.9m shares at 1.15p. The WRAP 'retail sleeve' at £91k is trivially small next to the £826k ARC subscription, signalling that the retail element is cosmetic.
RNS Announcements
2Results of WRAP Offer and Update on Subscription
THIS ANNOUNCEMENT. THIS 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. 25 February 2026 Kropz Plc (" Kropz " or the " Company ") Result of WRAP Retail Offer Results of WRAP Retail Offer and Update on Subscription Kropz plc (AIM: KRPZ) today announces the result of…
WRAP Retail Offer for up to £91,077
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, THE REPUBLIC OF 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. THE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERI…
Board of Directors
12| Name | Role | Appointed | Status |
|---|---|---|---|
| Mr. Louis Ronald Loubser | Chief Executive Officer | 2023-01-16 | active |
| Linda Janice Beal | Interim Chair and Non-Executive Director | 2018-11-26 | active |
| Gerrit Jacobus Duminy | Non-Executive Director | 2022-09-14 | active |
| Michael Daigle | Non-Executive Director | 2018-11-26 | active |
| Fusion Corporate Secretarial Services (pty) Ltd | corporate-secretary | 2023-05-22 | active |
| Lord Robin William Renwick | director | 2018-11-26 | active |
| Mark Summers | director | 2018-01-10 | active |
| Machiel Johannes Reyneke | director | 2018-11-26 | active |
| Nicola Taylor | director | 2018-01-10 | active |
| Louis Swart | secretary | 2023-01-16 | active |
| Ian Timothy Harebottle | director | 2018-06-04 | active |
| Michael Nunn | director | 2018-11-26 | active |