KERAS RESOURCES PLC

Director's Dealing • Jun 4, 2018

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 2127Q

Keras Resources PLC

04 June 2018

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.

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

DSHBBGDLLSGBGIS