REG - Keras Resources PLC - Result of AGM, Result of GM & Share Consolidation

Keras ResourcesAnnouncement

25/07/2022 11:30

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RNS Number : 6227T  Keras Resources PLC  25 July 2022

 

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

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

Result of Annual General Meeting, Result of General Meeting and Share
Consolidation

Keras Resources plc, is pleased to announce that, at the Annual General
Meeting ("GM") held today (25 July 2022), all resolutions were duly passed.

At the General Meeting ("GM") also held today, the resolution to approve the
share consolidation set out in the Notice of GM, was duly passed. The proxies
received in respect of resolution were as follows:

 Resolution  For            Against      Discretion to Chairman  Withheld    Total
 1           2,596,690,098  180,787,299  Nil                     17,061,409  2,794,538,806

Share Consolidation

Following the approval of the Resolution, every 100 ordinary shares of 0.01 p.
each (the "Existing Shares") that are in issue as at 6.00 p.m. today will be
consolidated into one new ordinary share of 1 p. each (the "New Ordinary
Shares"). Other than the change in nominal value, the New Ordinary Shares
arising on implementation of the share consolidation will have the same rights
as the Existing Shares, including voting and other rights.

The New Ordinary Shares arising from the share consolidation will be admitted
to trading on AIM from 8.00 a.m. on 26 July 2022 ("Admission") with ISIN
number GB00BMY2T534 and SEDOL code BMY2T53.

Total Voting Rights

Following Admission, the Company's issued share capital will
comprise 79,735,731 New Ordinary Shares with voting rights. This figure
of 79,735,731 New 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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