TIDMKRS

RNS Number : 6705U

Keras Resources PLC

07 April 2021

Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining

7 April 2021

Keras Resources plc ('Keras' or the 'Company')

Change of accounting reference date and grant of EMI Options

Keras Resources plc, the AIM listed mineral resource company, is pleased to announce that its accounting reference date has been changed to 31 December, in order to harmonise its year end with that of its major trading subsidiary companies operating in Togo and in Utah, USA. As a result, the current accounting period will be extended to 15 months, and will end on 31 December 2021.

In addition to the interim report for the 6 months ended 31 March 2021, which will be published by 30 June 2021, the Company will publish a second interim report for the 6 months ending 30 September 2021, which will be published by 31 December 2021. The Company intends to publish audited accounts for the 15 months ending 31 December 2021 by the end of May 2022 or early June 2022 and these will be published by no later than 30 June 2022 in any event.

As part of the Company's progression to full commercial operations it has bolstered its management team to cover the Company's Environment, Social and Governance initiatives and Public Relations activities and the Board of Directors have today awarded EMI options over 10,000,000 new ordinary shares of the Company, further details of which are set out below.

 
                      EMI Share Option Vesting Dates 
                   01/04/2022   01/04/2023   01/04/2024 
                  -----------  -----------  ----------- 
    Number of 
      shares        3,333,333    3,333,333    3,333,334 
                  -----------  -----------  ----------- 
 Exercise price 
     * (GBP)         0.001183     0.001183     0.001183 
                  -----------  -----------  ----------- 
 

* 5 -day volume weighted price ('VWAP') close of business on 31 March 2021

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 
  Bouverat                       LLP 
  Joint Broker                   Shard Capital Partners       +44 (0) 20 3470 0470 
  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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April 07, 2021 05:00 ET (09:00 GMT)