Keras Resources PLC Adjournment of AGM & Corporate Update (5302G)
March 17 2020 - 1:31PM
UK Regulatory
TIDMKRS
RNS Number : 5302G
Keras Resources PLC
17 March 2020
Keras Resources plc / Index: AIM / Epic: KRS / Sector:
Mining
17 March 2020
Keras Resources plc ('Keras' or the 'Company')
Adjournment of AGM & Corporate Update
Keras Resources plc, the AIM listed mineral resource company,
has been informed that, following government advice on 16 March
2020, Memery Crystal's offices have been closed for meetings. The
Annual General Meeting convened for 2.00pm on 18 March 2020 at
those offices will therefore be adjourned. As soon as possible a
notice convening the adjourned Annual General Meeting will be sent
to shareholders. Proxy votes received for the AGM are in favour of
all the resolutions being proposed, with more than 99% in favour in
each resolution. These proxy votes will be valid for the adjourned
meeting unless countermanded.
Keras places the safety and wellbeing of its employees and
contractors as the highest priority. Accordingly, in response to
the outbreak of the Covid-19 pandemic, a business continuity
programme has been put in place to protect employees while ensuring
the safe operation of the Company. This has resulted in all
non-essential travel being cancelled, while all activities at
Nayega and the regional office in Lomé have been reduced to
essential staff only. The Company has also asked any employee
feeling unwell to stay at home.
The Company continues to work with all stakeholders in Togo to
complete the final documentation related to the Nayéga exploitation
permit. Covid-19, in tandem with the presidential election held on
22 February 2020 where incumbent President Faure Gnassingbé was
re-elected, have delayed this process and as such, commercial
activities at Nayega will not commence in the first quarter of
2020.
The Company is maintaining a cautious approach and has reduced
its operating expenses to a minimum in these uncertain times; it
will update shareholders when it has additional information to
share.
This announcement contains inside information for the purposes
of Article 7 of Regulation
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 & Joint
Broker
Ewan Leggat / Charlie SP Angel Corporate Finance +44 (0) 20 3470
Bouverat LLP 0470
Joint Broker Shard Capital Partners + 44 (0) 207 186
Damon Heath / Erik Woolgar LLP 9900
Financial PR
Susie Geliher / 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
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