Keras Resources PLC Information Regarding Calidus Resources Ltd Shares (9355Q)
October 24 2019 - 1:00AM
UK Regulatory
TIDMKRS
RNS Number : 9355Q
Keras Resources PLC
24 October 2019
Keras Resources plc / Index: AIM / Epic: KRS / Sector:
Mining
24 October 2019
Keras Resources plc ('Keras' or the 'Company')
Further Information Regarding Calidus Resources Ltd ('Calidus')
Shares
With the imminent distribution of Calidus Shares to Keras
shareholders, the Company provides the following guidance to the
Australian stock market protocols and some options for holding
shares.
Key points:
-- The Calidus share registrar is The Automic Group ('Automic'),
which can be contacted on hello@automicgroup.com.au or +61 (0) 2
9698 5414.
-- Post the demerger, Keras shareholders on the Record Date*
will be issued with a Security-Holder Reference number ('SRN') by
Automic, which must be quoted when trading in Calidus shares. The
SRN will be included on a Holding Statement that will be posted to
the shareholder's registered address.
-- Shareholders who hold their ordinary shares of 0.1 pence each
in Keras ('Keras Shares') through a Nominee account with their
stockbroker, i.e. a broking account where their Keras Shares are
not directly registered in their own name, will not be issued with
an SRN. Instead, the Nominee company will receive a single SRN for
all the Calidus shares that Nominee company holds. The Nominee may
be able to hold these shares for the account of individual
shareholders and trade on the ASX; however each Keras shareholder
will need to determine this for his or her individual
circumstances.
-- If individual shareholders who hold Keras Shares through a
Nominee company want to transfer their Calidus shares to their own
name, they will have to execute a simple off-market transfer form
with their Nominee company whereby the Calidus shares will be
transferred to the individual, who will be issued with a new SRN.
Off-market forms can be found at
https://automic.com.au/media/forms/Standard%20Transfer%20Form.pdf.
Any queries regarding this form should be directed to Automic.
-- Euroz Securities ('Euroz'), headquartered in Perth,
Australia, has offered to assist new Calidus shareholders to set up
an account to hold individually registered shares. There is no
setup or holding cost associated with such an account. The process
is very simple and can be completed online. For more information,
please contact Paul Berson at Euroz on email pberson@euroz.com or
+61 89346 0328.
* The Record Date is expected to be on or about 19 November 2019
and the Company will notify the firm date by Regulatory Information
System prior to the Demerger becoming effective.
**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
Financial PR
Isabel de Salis / Cosima +44 (0) 20 7236
Akerman St Brides Partners Ltd 1177
Notes
Keras Resources plc is a multi-commodity resource company
benefiting from a highly skilled management team, which has
extensive operational experience in Africa and Australia with a
proven track record in advancing assets up the value curve.
Post the significant release of value to shareholders through
the proposed distribution of the Company's interest in Calidus
Resources limited, Keras investors will have a direct exposure to
the cashflow generative Nayega manganese project in Togo, West
Africa with a proven feasibility study and installed processing
capacity to produce 6,500 tonnes of beneficiated manganese. The
Company is now waiting for the award of the Exploitation Permit
which is imminent.
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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