REG - Keras Resources PLC - Change of accounting reference date & EMI Options

Keras ResourcesAnnouncement

07/04/2021 10:05

RNS Number : 6705U
  
Keras Resources PLC
  
07 April 2021
  
 

Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining
7 April 2021
Keras Resources plc ('Keras' or the 'Company')
Change of accounting reference date and grant of EMI Options
 
Keras Resources plc, the AIM listed mineral resource company, is pleased to announce that its accounting reference date has been changed to 31 December, in order to harmonise its year end with that of its major trading subsidiary companies operating in Togo and in Utah, USA. As a result, the current accounting period will be extended to 15 months, and will end on 31 December 2021.
 
In addition to the interim report for the 6 months ended 31 March 2021, which will be published by 30 June 2021, the Company will publish a second interim report for the 6 months ending 30 September 2021, which will be published by 31 December 2021. The Company intends to publish audited accounts for the 15 months ending 31 December 2021 by the end of May 2022 or early June 2022 and these will be published by no later than 30 June 2022 in any event.
 
As part of the Company's progression to full commercial operations it has bolstered its management team to cover the Company's Environment, Social and Governance initiatives and Public Relations activities and the Board of Directors have today awarded EMI options over 10,000,000 new ordinary shares of the Company, further details of which are set out below. 
 




 


EMI Share Option Vesting Dates 




 


01/04/2022


01/04/2023


01/04/2024




Number of shares 


3,333,333


3,333,333


3,333,334




Exercise price * (GBP)


0.001183


0.001183


0.001183




* 5 -day volume weighted price ('VWAP') close of business on 31 March 2021
 
For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of Russell Lamming, Chief Executive Officer.  This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
 
**ENDS**
 
For further information please visit www.kerasplc.com, follow us on Twitter @kerasplc or contact the following:
 
 
 
 




Russell Lamming


Keras Resources plc


info@kerasplc.com
 




Nominated Adviser & Joint Broker
Ewan Leggat / Charlie Bouverat
 
Joint Broker
Damon Heath / Erik Woolgar
 


SP Angel Corporate Finance LLP
 
 
Shard Capital Partners LLP
 


+44 (0) 20 3470 0470
 
 
+44 (0) 207 186 9900
 




Financial PR
Susie Geliher / Cosima Akerman


St Brides Partners Ltd


+44 (0) 20 7236 1177




 
 
 

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