Keras Resources PLC Confirmation of Director Shareholding (2785Z)
August 30 2018 - 4:37AM
UK Regulatory
TIDMKRS
RNS Number : 2785Z
Keras Resources PLC
30 August 2018
30 August 2018
Keras Resources plc
("Keras" or the "Company")
Confirmation of Director Shareholding
Keras Resources Plc has been notified that Mr David Reeves,
Non-Executive Director of the Company, having conducted a
reconciliation of his shareholding in the Company, currently holds
a total of 381,675,491 ordinary shares of 0.1p each in the Company
("Ordinary Shares") rather than the 384,897,714 as stated in the
RNS released 04 June 2018. Mr Reeves confirms that this change was
due to a clerical error and confirms that he has not sold any
shares in the Company.
Additionally, further to the RNS released on 04 June regarding
director dealings, Mr Reeves has informed the Company that the
number of Ordinary Shares purchased by him was 28,972,663 and not
the figure of 29,972,663 originally stated in the RNS of 04 June
2018. An amended Notification and public disclosure of transactions
by persons discharging managerial responsibilities and persons
closely associated with them can be found below.
Further detail is provided below:
Beneficial interest % of Total Voting
in Ordinary Shares(1,2) Rights in the Company
David Reeves 381,675,491 16.7%
1 - 370,078,268 ordinary shares are held by the Elwani Trust whose
beneficiaries are the spouse and children of David Reeves. David
Reeves is a trustee of the Elwani Trust.
2 - 11,597,223 ordinary shares are held in the Bodmin Super Fund
whose trustees and beneficiaries are David and Eleanor Reeves.
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and
to the FCA in Microsoft Word format if possible)(i)
1a. Identity of the issuer or the Keras Resources Plc
underlying issuer of existing shares
to which voting rights are attached(ii)
:
-------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
Non-UK issuer
-----
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
An acquisition or disposal of voting rights
-----
An acquisition or disposal of financial instruments
-----
An event changing the breakdown of voting rights X
-----
Other (please specify)(iii) : Reconciliation of Stockbroker Accounts X
-----
3. Details of person subject to the notification obligation(iv)
Name David Reeves
City and country of registered office London, United Kingdom
(if applicable)
4. Full name of shareholder(s) (if different from 3.)(v)
Name
-------------------------------------------
City and country of registered office
(if applicable)
-------------------------------------------
5. Date on which the threshold was 31 July 2018
crossed or reached(vi) :
-------------------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 29 August 2018
-------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting rights
to shares (total instruments 8.B) of issuer(vii)
of 8. A) (total of 8.B
1 + 8.B 2)
------------------ --------------------- -------------- --------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 16.7% 16.7% 2,289,133,439
------------------ --------------------- -------------- --------------------
Position of
previous notification
(if
applicable) 17.02% N/A 17.02%
------------------ --------------------- -------------- --------------------
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached(viii)
A: Voting rights attached to shares
Class/type of Number of voting rights(ix) % of voting rights
shares
ISIN code (if
possible)
-------------------------------------------------------
Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.2.1)
------------------------ ----------------------------- ------------------------- ---------------------
GB00B649J414 381,675,491 16.7 %
------------------------ ----------------------------- ------------------------- ---------------------
SUBTOTAL 8.
A 381,675,491 16.7 %
------------------------------------------------------- ------------------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
(DTR5.3.1.1 (a))
Type of Expiration Exercise/ Number of voting % of voting rights
financial date(x) Conversion Period(xi) rights that may
instrument be acquired if
the instrument
is
exercised/converted.
----------- ----------------------------------- -------------------------------- ---------------------
SUBTOTAL 8. B 1
----------------------------------- -------------------------------- ---------------------
B 2: Financial Instruments with similar economic effect according to Art.
13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of Expiration Exercise/ Physical or Number of % of voting rights
financial date(x) Conversion cash voting rights
instrument Period (xi) settlement(xii)
---------------- ---------------------- ----------------------- --------------------
SUBTOTAL 8.B.2
----------------------- --------------------
9. Information in relation to the person subject to the notification obligation
(please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled
by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer(xiii)
Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with
the ultimate controlling natural person or legal entity(xiv) (please
add additional rows as necessary)
Name(xv) % of voting rights % of voting rights Total of both if
if it equals or through financial it equals or is higher
is higher than the instruments if it than the notifiable
notifiable threshold equals or is higher threshold
than the notifiable
threshold
----------------------- --------------------- --------------------------
10. In case of proxy voting, please identify:
Name of the proxy holder
-------------------------------------------------
The number and % of voting rights
held
-------------------------------------------------
The date until which the voting rights
will be held
-------------------------------------------------
11. Additional information(xvi)
370,078,268 ordinary shares are held by the Elwani Trust whose beneficiaries
are the spouse and children of David Reeves. David Reeves is a trustee
of the Elwani Trust.
11,597,223 ordinary shares are held in the Bodmin Super Fund whose trustees
and beneficiaries are David and Eleanor Reeves.
Place of completion London
Date of completion 29 August 2018
---------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name
David Reeves
----------------------------- -------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status
Non-Executive Director
----------------------------- -------------------------------------------
b) Initial notification
/Amendment Amendment
----------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name
Keras Resources Plc
----------------------------- -------------------------------------------
b) LEI
213800OZFKFM2N4R4F47
----------------------------- -------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
--------------------------------------------------------------------------
a) Description ordinary shares of 0.1p each
of the financial
instrument,
type of instrument
Identification ISIN: GB00B649J414
code
b) Nature of
the transaction Acquisition of shares
----------------------------- -------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 0.37p 28,972,663
-----------
d) Aggregated
information
- Aggregated N/A Single transaction
volume
- Price
e) Date of the
transaction 04 June 2018
----------------------------- -------------------------------------------
f) Place of the XLON
transaction
----------------------------- -------------------------------------------
*ENDS**
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
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
Bouverat Finance LLP +44 (0) 20 3470 0470
Financial PR
Susie Geliher / Charlotte St Brides Partners
Page Ltd +44 (0) 20 7236 1177
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
MSCGCGDIBXXBGIG
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