REG - Keras Resources PLC - Issue of new shares

Keras ResourcesAnnouncement

17/05/2022 07:15

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RNS Number : 7434L  Keras Resources PLC  17 May 2022

 
                               17 May 2022

 

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

 

 Issue of new shares

 

Keras Resources plc (AIM: KRS) is pleased to announce that the Broker Options
over 625,000,000 new ordinary shares of 0.01p each in the Company, as set out
in the Company's announcement on 26 April 2022, have been duly exercised,
following the passing of resolutions at the General Meeting of the Company
held on 16 May 2022.

 

The Company has also issued 52,500,000 new Ordinary Shares at a deemed price
of 0.12 pence per share in lieu of fees due by the Company, as set out in the
announcement of 26 April 2022.

 

Each of the 677,500,000 new Ordinary Shares will have an attached warrant to
subscribe for 1 new Ordinary Share at any time up to 31 May 2024, at an
exercise price of 0.18p per new Ordinary Share

 

 

Application has been made for 677,500,000 new Ordinary Shares, which will
rank pari passu with the existing Ordinary Shares of the Company, to be
admitted to trading on AIM ("Admission"). It is expected that Admission will
become effective and dealings will commence at 8:00 a.m. on or around 18 May
2022.

 

Following the issue of the new Ordinary Shares, the total issued share capital
of the Company will consist of 7,973,573,068 Ordinary Shares.    The
Company does not hold any Ordinary Shares in Treasury. Therefore,
the   total current voting rights   in the Company following Admission
will be 7,973,573,068 Ordinary Shares and this figure 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 FCA's
Disclosure Guidance and Transparency Rules.

 

 

 

The information contained within this Announcement is deemed by the Company to
constitute inside information as stipulated under Article 7 of the Market
Abuse Regulation (EU) No. 596/2014 (as amended) as it forms part of the
domestic law of the United Kingdom by virtue of the European Union
(Withdrawal) Act 2018 (as amended). Upon the publication of this Announcement
via the Regulatory Information Service, this inside information is now
considered to be in the public domain.

 

 

 

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

 

 Russell Lamming                       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

 

 

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