Keras Resources PLC Result of General Meeting (0403M)
January 18 2021 - 6:10AM
UK Regulatory
TIDMKRS
RNS Number : 0403M
Keras Resources PLC
18 January 2021
Keras Resources plc / Index: AIM / Epic: KRS / Sector:
Mining
18 January 2021
Keras Resources plc ('Keras' or the 'Company')
Result of General Meeting
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 December 2020 (the 'Notice'), were passed by
shareholders. The resolutions were to renew authorities to issue
Ordinary Shares in satisfaction of subscription rights of the
Company's existing warrants which expire on 31 August 2021 and 31
December 2021 and to authorise the issue of Ordinary Shares in
satisfaction of the subscription rights of those warrants. Further
details can be found in the Notice on the Company's website.
In accordance with the announcement made on 18 December 2020,
that Brian Moritz and Dave Reeves, directors of the Company, had
conditionally agreed to subscribe for 36,363,636 (GBP40,000) and
63,636,364 (GBP70,000) new Ordinary Shares respectively (the
'Director Subscription Shares'), at 0.11p per share, subject to the
passing of resolutions at the general meeting held today.
Accordingly application will be made for admission of the
Director Subscription Shares to trading on the AIM Market of the
London Stock Exchange. It is anticipated that the admission will
take place on or around 22 January 2021. Following admission of the
Director Subscription Shares, there will be 5,366,007,851 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 5,366,007,851 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.
**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 SP Angel Corporate Finance
Broker LLP
Ewan Leggat / Charlie Bouverat +44 (0) 20 3470 0470
Joint Broker Shard Capital Partners
Damon Heath / Erik Woolgar LLP +44 (0) 207 186 9900
Financial PR
Susie Geliher / Cosima
Akerman St Brides Partners Ltd +44 (0) 20 7236 1177
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END
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January 18, 2021 07:10 ET (12:10 GMT)
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