Keras Res Regulatory News (KRS)

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.

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