Keras Resources PLC Update on Broker (0672I)
August 06 2019 - 4:35AM
UK Regulatory
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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