REG - Keras Resources PLC - Restoration of Trading on AIM

Keras ResourcesAnnouncement

06/07/2023 16:30

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RNS Number : 2499F  Keras Resources PLC  06 July 2023

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

 

06 July 2023

 

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

 

Restoration of trading

and Issue of Fee Shares

 

Keras Resources plc (AIM: KRS)  is pleased to announce that with the
publication of the Annual Report and Accounts for Year Ended 31 December 2022,
which are now available on the Company's website at
https://kerasplc.com/results-and-reports/
(https://kerasplc.com/results-and-reports/) , trading in the Company's
ordinary shares on AIM will be restored with effect from 4.20 pm today.

As announced earlier today the Annual Report and Accounts for Year Ended 31
December 2022 will also be posted to shareholders on 7 July 2023 along with
the notice of its Annual General Meeting ("AGM") to be held at Coveham House,
Downside Bridge Road, Cobham KT11 3EP, on the 31st July 2023, a Proxy Form and
a letter detailing shareholders' option to receive electronic communication
from the Company going forward.

The Notice of AGM, Proxy Form and a letter detailing shareholders' option to
receive electronic communication from the Company going forward are also
available on the Company's website at
https://kerasplc.com/results-and-reports/
(https://kerasplc.com/results-and-reports/)

Issue of Fee Shares

The Company also announces that it has issued 361,446 new ordinary shares of 1
pence each ("Ordinary Shares") in the Company at a price of 4.15 pence per new
Ordinary Share to SP Angel Corporate Finance LLP in lieu of the cash payment
of £15,000 due for the provision of professional advisory services.

 

Admission and Total Voting Rights

Application will be made for the 361,446 new Ordinary Shares to be admitted to
trading on AIM which is expected to occur on or around 12 July 2023. Following
Admission, the Company's issued share capital will comprise 80,097,177
Ordinary Shares with voting rights. This figure of 80,097,177  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.

 

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.

 

**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             info@kerasplc.com (mailto:info@kerasplc.com)

 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

 

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 mining and processing facilities. The operation
produces a variety of organic phosphate products that can be tailored to
customer organic fertiliser requirements.

 

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.

 

 

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