TIDMKRS

RNS Number : 0672I

Keras Resources PLC

06 August 2019

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

06 August 2019

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

Update on Broker

Keras Resources notes from the news story published on the Financial Conduct Authority ("FCA") website on 5 August 2019 that the directors of SVS Securities Plc ("SVS") have placed SVS into Special Administration. The FCA's announcement disclosed that the FCA has imposed requirements requiring SVS to cease all regulated activities and restricting it from disposing of its own or its clients' assets. SVS were a joint broker to Keras however as a result of these developments SVS will no longer be able to provide broking services to Keras.

SP Angel Corporate Finance LLP will continue to act as sole broker to Keras.

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of Russell Lamming, Chief Executive Officer. This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

**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 / Broker 
  Ewan Leggat / Charlie        SP Angel Corporate Finance    +44 (0) 20 3470 
  Bouverat                      LLP                           0470 
 Financial PR 
  Isabel de Salis / Cosima                                   +44 (0) 20 7236 
  Akerman                      St Brides Partners Ltd         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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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August 06, 2019 04:35 ET (08:35 GMT)

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