Keras Resources PLC Exercise of Warrants & Issue of Equity (0360T)
November 12 2019 - 2:00AM
UK Regulatory
TIDMKRS
RNS Number : 0360T
Keras Resources PLC
12 November 2019
Keras Resources plc / Index: AIM / Epic: KRS / Sector:
Mining
12 November 2019
Keras Resources plc ('Keras' or the 'Company')
Exercise of Warrants & Issue of Equity
Keras Resources plc, the AIM listed mineral resource company,
announces that it has received a notice of exercise of a warrant
over 7,000,000 new ordinary shares of 0.1 pence each in the share
capital of the Company (the 'Warrant Shares') at a price of 0.36
pence per share, which were granted on 24 May 2018. Accordingly,
the Company has today issued the Warrant Shares to the warrant
holder for an aggregate cash consideration of GBP25,200.
Application has been made for the Warrant Shares to be admitted
to trading on the AIM market of the London Stock Exchange
('Admission'). The Warrant Shares will rank pari passu in all
respects with the existing issued ordinary shares of 0.1 pence each
in the capital of the Company. Admission is expected to occur on or
around 15 November 2019.
Total Voting Rights
Following the issue of the Warrant Shares, the total issued
share capital of the Company will consist of 2,498,358,439 ordinary
shares of 0.1 pence each carrying the right to one vote. There are
no shares currently held in treasury. The total number of voting
rights in the Company will therefore be 2,498,358,439 and this
figure may be used by shareholders as the denominator for the
calculations by which they determine if they are required to notify
their interest in, or a change to their interest in, the Company
under the Financial Conduct Authority's Disclosure Rules and
Transparency Rules.
**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
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contact rns@lseg.com or visit www.rns.com.
END
IOEGMMMMRMVGLZM
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