Keras Resources PLC Result of General Meeting & Issue of Equity (9943W)
August 24 2020 - 8:30AM
UK Regulatory
TIDMKRS
RNS Number : 9943W
Keras Resources PLC
24 August 2020
Keras Resources plc / Index: AIM / Epic: KRS / Sector:
Mining
24 August 2020
Keras Resources plc ('Keras' or the 'Company')
Result of General Meeting & Issue of Equity
Keras Resources plc, the AIM listed mineral resource company, is
pleased to announce that at the General Meeting of the Company held
today, all resolutions as set out in the Notice of General Meeting
dated 30 July 2020 (the "Notice"), were passed by shareholders. The
resolutions proposed were in connection with obtaining additional
share issuing authorities to complete the acquisition of a 51%
interest in Falcon Isle Holdings LLC as announced on 30 July 2020.
Falcon Isle is the 100% owner of the Diamond Creek phosphate mine
located in in Utah (USA) which is a fully permitted, high grade
direct shipping ore, low capex organic phosphate operating
mine.
As announced on 30 July 2020, 1,191,230,001 new Ordinary Shares
commenced trading on the AIM market of the London Stock Exchange
("AIM") on 13 August 2020 ("First Admission"), and following the
passing of all resolutions at today's General Meeting, application
has been made for admission of a further 889,975,668 new Ordinary
Shares to trading on the AIM market of the London Stock Exchange
("AIM") at 08:00 on 25 August 2020 ("Second Admission"). The new
Ordinary Shares will rank pari passu with the existing Ordinary
Shares, which are currently traded on AIM.
Following Second Admission, there will be 4,866,007,851 Ordinary
Shares in issue with each share 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 4,866,007,851 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.
As disclosed in the announcement of 30 July 2020, following
Second Admission, the beneficial interests of the Directors in the
issued Ordinary Shares is as follows:
Director Interest in % Interest in Ordinary Warrants held following
Ordinary Shares Shares on Second Second Admission
following Second Admission
Admission
Dave Reeves 780,706,252 16.04 143,741,001
------------------ ---------------------- -----------------------
Russell Lamming 370,916,552 7.62 112,491,001
------------------ ---------------------- -----------------------
Brian Moritz 106,627,178 2.19 Nil
------------------ ---------------------- -----------------------
Total 1,258,249,982 25.85 256,232,002
------------------ ---------------------- -----------------------
**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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END
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August 24, 2020 08:30 ET (12:30 GMT)
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