Last checked at 11 Jun 2019 13:05
11 June 2019
Keras Resources plc
("Keras" or the "Company")
Director dealings
Keras Resources Plc was notified yesterday that 47,881,944 ordinary shares of 0.1p each in the Company ("Ordinary Shares") have been transferred from the Clearwater Trust, whose beneficiaries are members of Russell Lamming's family, to Russell Lamming, Chief Executive officer of the Company at a deemed price of 0.335 pence per share.
Following the above transfer, Clearwater Trust no longer holds any Ordinary Shares. 54,881944 Ordinary Shares are held by Russell Lamming and 14,275,517 shares are held by Parallel Resources Limited, a company wholly owned by Mr Lamming and his spouse. Mr Lamming's total beneficial interest in the issued Ordinary Share capital remains unchanged at 69,157,461 Ordinary Shares, representing 3.02 per cent. of the total issued Ordinary Share capital.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
|
Russell Lamming | |||
2
| Reason for the notification
| ||||
a)
| Position/status
|
Chief Executive Officer | |||
b)
| Initial notification /Amendment
|
Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
|
Keras Resources Plc
| |||
b)
| LEI
|
213800OZFKFM2N4R4F47 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | ordinary shares of 0.1p each | |||
Identification code | ISIN: GB00B649J414 | ||||
b)
| Nature of the transaction
|
Acquisition of shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
1. | 0.335p | 47,881,944 | |||
d)
| Aggregated information | ||||
- Aggregated volume | 47,881,944 | ||||
- Price | 0.335p | ||||
e)
| Date of the transaction
| 07 June 2019 | |||
f)
| Place of the transaction
| XLON | |||
**ENDS**
For further information please visit www.kerasplc.com, follow us on Twitter @kerasplc or contact the following:
Russell Lamming
| Keras Resources plc | info@kerasplc.com
|
Nominated Adviser / Joint Broker Ewan Leggat / Charlie Bouverat
| SP Angel Corporate Finance LLP | +44 (0) 20 3470 0470
|
Financial PR Susie Geliher / Charlotte Page | St Brides Partners Ltd | +44 (0) 20 7236 1177 |
Notes
Keras Resources plc is focused on building a strategic portfolio of resource assets. The Company provides investors with exposure to a portfolio of development assets, including manganese, cobalt and nickel in Togo, West Africa. It also has a significant interest in Calidus Resources Limited ('Calidus'), a highly prospective gold exploration and development company in Australia, which is currently undertaking a Pre-Feasibility Study at its Warrawoona gold project. Keras benefits from a highly skilled management team, which has extensive operational experience in Africa and Australia and proven success in advancing assets up the value curve.