Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining
4 June 2018
Keras Resources plc
("Keras" or the "Company")
Director dealings
Keras Resources Plc has been notified that Mr Brian Moritz (Non-Executive Chairman), Mr Russell Lamming (Chief Executive officer) and Mr David Reeves (Non-executive Director) have purchased a total of 44,972,663 ordinary shares of 0.1p each ("Ordinary Shares"). Further detail is provided below:
|
Purchase price (p) |
Number of Ordinary Shares Purchased |
Beneficial interest in Ordinary Shares following purchase |
% of Total Voting Rights in the Company following purchase* |
Brian Moritz |
0.37 |
7,000,000 |
49,627,178 |
2.19% |
Russell Lamming1 |
0.37 |
8,000,000 |
68,219,9611 |
3.02% |
David Reeves2 |
0.37 |
29,972,663 |
384,897,7142 |
17.02% |
1 - These ordinary shares are held by Clearwater Trust whose beneficiaries are members of Russell Lamming's family.
2 - These 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.
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Brian Moritz |
2 |
Reason for the notification |
a) |
Position/status |
Non-Executive Chairman |
b) |
Initial notification /Amendment |
Initial Notification |
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 of the financial instrument, type of instrument |
ordinary shares of 0.1p each |
|
|
Identification code |
ISIN: GB00B649J414 |
|
|
b) |
Nature of the transaction |
Acquisition of shares |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
0.37p |
7,000,000 |
|
|
|
|
d) |
Aggregated information |
|
|
|
- Aggregated volume |
N/A Single transaction |
|
|
- Price |
|
|
|
e) |
Date of the transaction |
4 June 2018 |
f) |
Place of the transaction |
XLON |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Russell Lamming |
2 |
Reason for the notification |
a) |
Position/status |
Chief Executive Officer |
b) |
Initial notification /Amendment |
Initial Notification |
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 of the financial instrument, type of instrument |
ordinary shares of 0.1p each |
|
|
Identification code |
ISIN: GB00B649J414 |
|
|
b) |
Nature of the transaction |
Acquisition of shares |
c) |
Price(s) and volume(s) |
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
1. |
0.37p |
1,000,000 |
|
|
2. |
0.37p |
7,000,000 |
|
|
|
|
|
|
d) |
Aggregated information |
|
|
|
- Aggregated volume |
8,000,000 |
|
|
- Price |
0.37p |
|
|
e) |
Date of the transaction |
1. 1 June 2018 2. 4 June 2018 |
f) |
Place of the transaction |
XLON |
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 |
Initial Notification |
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 of the financial instrument, type of instrument |
ordinary shares of 0.1p each |
|
|
Identification code |
ISIN: GB00B649J414 |
|
|
b) |
Nature of the transaction |
Acquisition of shares |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
0.37p |
29,972,663 |
|
|
|
|
d) |
Aggregated information |
|
|
|
- Aggregated volume |
N/A Single transaction |
|
|
- Price |
|
|
|
e) |
Date of the transaction |
4 June 2018 |
f) |
Place of the transaction |
XLON |
**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 Bouverat |
SP Angel Corporate Finance LLP |
+44 (0) 20 3470 0470 |
Financial PR Susie Geliher / Charlotte Page |
St Brides Partners Ltd |
+44 (0) 20 7236 1177 |
Notes
Keras Resources plc is focused on building a strategic portfolio of resource assets. The Company provides investors with exposure to a strategic portfolio of development assets, including manganese, cobalt and nickel in Togo, West Africa, and also has a significant interest in a highly prospective gold exploration and development portfolio in Australia.
Keras benefits from a highly skilled management team, which has extensive operational experience in Africa and Australia with proven success in advancing assets up the value curve.