REG - Keras Resources PLC - Issue of Equity

Keras ResourcesAnnouncement

15/07/2022 07:30

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RNS Number : 6228S  Keras Resources PLC  15 July 2022

15 July 2022

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

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

 

Issue of Equity

 

Keras Resources (AIM:KRS), announces that further to its announcement of 30
June 2022 regarding the proposed consolidation of the Company's ordinary
shares of 0.01p each ("Ordinary Shares") in issue so that every 100 existing
Ordinary Shares will be consolidated into 1 ordinary share of 1p (the
"Consolidation"), the Company has issued 32 new Ordinary Shares to the
Company's registrar so that prior to the Consolidation, the Company's issued
share capital will be exactly divisible by 100. Application has been made for
the 32 new Ordinary Shares to be admitted to trading on AIM which is expected
to take place on or around 20 July 2022 ("Admission").

Following Admission of the 32 new Ordinary Shares, the Company's enlarged
issued share capital will comprise 7,973,573,100 Ordinary Shares. This figure
of 7,973,573,100 Ordinary Shares may be used by shareholders in the Company as
the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change in their interest in, the
share capital of the Company under the Disclosure Rules and Transparency Rules
of the United Kingdom Financial Conduct Authority.

 

**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

 

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