REG - Keras Resources PLC - Directorate Changes

Keras ResourcesAnnouncement

01/09/2022 07:00

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RNS Number : 8447X  Keras Resources PLC  01 September 2022

1 September 2022

Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining

 

Keras Resources plc ('Keras' or the 'Company')

Directorate Changes

 

Keras Resources plc (AIM: KRS) is pleased to announce changes to the Board of
Directors as of 1 September 2022.  As announced in the Annual Results, Brian
Moritz has stepped down as Chairman but will continue in his role of Company
Secretary and Non-Executive Director and Russell Lamming, previously CEO of
Keras has been appointed as Non-Executive Chairman.  Dave Reeves has stepped
down as a Non-Executive Director and Claire Parry has been appointed as
Independent Non-Executive Director.

 

Claire Parry is a Chartered Accountant and a partner in the Canterbury office
of Azets, a top 10 UK accounting firm. She has specialised in the application
of IFRS and accounting and financial control generally for smaller quoted
companies, primarily in the natural resources sector. Claire's career in
accountancy spans more than twenty years. She achieved her ACCA qualification
in 1997 and ACA in 2008. After seventeen years at Lakin Clark, where she
became a Partner in 2011, Claire became a Partner at Wilkins Kennedy following
the Lakin Clark merger in May 2016. As of September 2020, Claire became a
Partner of Azets, following the rebrand of the Cogital Group, which in 2018
acquired Wilkins Kennedy.

 

Russell Lamming, Chairman of Keras, commented, "I would like to thank Dave and
Brian for the tireless commitment and support that they have provided to Keras
since our AIM admission in 2011.  Dave was instrumental in listing Calidus
Resources Ltd on the ASX - a spin out from Keras in 2016, a company that still
has a significant number of Keras shareholders and yields value. We wish him
well in his future endeavours and I look forward to working with Brian in his
new role."

 

"In tandem, we are delighted to welcome Claire to Keras. Her experience in
finance and accounting will be an asset for Keras as we continue to build our
position in the fast-growing US organic phosphate to fertiliser market."

 

Regulatory disclosures

In accordance with Schedule 2(g) of the AIM Rules, Claire Louise Parry (née
Fuller), aged 49 holds, or has held in the past five years, the following
directorships and partnerships:

 Current directorships/partnerships  Past directorships/partnerships
                                     Lakin Clark Limited

                                     Wilkins Kennedy LLP

Mrs Parry does not currently hold any shares in the Company.

There is no further information to be disclosed in respect of the above
appointment pursuant to Rule 17 and Schedule 2 paragraph (g) of the AIM Rules
for Companies.

 

 

 

**ENDS**

 

For further information please visit www.kerasplc.com
(http://www.kerasplc.com) , follow us on Twitter @kerasplc or contact the
following:

 

 Graham Stacey                            Keras Resources plc             annabel@kerasplc.com

 Annabel Redford

 Nominated Adviser & Joint Broker         SP Angel Corporate Finance LLP  +44 (0) 20 3470 0470

 Ewan Leggat / Charlie Bouverat

 Joint Broker                             Shard Capital Partners LLP      +44 (0) 207 186 9900

 Damon Heath / Erik Woolgar

 Financial and Corporate Communications   Celicourt                       +44 (0) 774 884 3871

 Felicity Winkles

 

Notes:

Keras Resources (AIM: KRS) wholly owns the Diamond Creek organic phosphate
mine in Utah, US. Diamond Creek is one of the highest-grade organic phosphate
deposits in the US and is a fully integrated mine to market operation with
in-house processing facilities. The operation produces a variety of organic
phosphate products that can be tailored to customer requirements for
fertiliser.

 

The Company is focused on continuing to build market share in the fast-growing
US organic fertiliser market and build Diamond Creek into the premier organic
phosphate producer in the US.

 

Additionally, Keras holds an 85% interest in the Nayéga manganese project in
Togo, which hosts an 8.4 million tonne manganese oxide Ore Reserve in northern
Togo, held through Togolese subsidiary Société Générale des Mines SA
(SGM).

 

 

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