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KERAS RESOURCES PLC
Director's Dealing • Apr 19, 2022
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 6363I
Keras Resources PLC
19 April 2022
Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining
19 April 2022
Keras Resources plc ('Keras' or the 'Company')
Director & PCA Dealings
Keras Resources Plc was notified on 19 April 2022 that Russell Lamming, Chief Executive Officer of the Company and his spouse, Joanne Lamming a person closely associated ("PCA") to Mr Lamming under the Market Abuse Regulation ("MAR"), have completed dealings in ordinary shares of Keras ("Ordinary Shares") for the purposes of tax planning. Mr Lamming sold 46 million Ordinary Shares held in WB Nominees and then both Mr and Mrs Lamming purchased 23 million Ordinary Shares each through WB Nominees ISAMAX. Post the dealings, Mr Lamming's interest remains at 416,184,497 Ordinary Shares, representing 6.61% of the current issued Ordinary Share capital. The transactions are listed in the Appendix below.
As at 19 April 2022, Mr Lamming's total beneficial interest in the Ordinary Share capital of the Company was held as follows:
| Legal name of Holder | No of Ordinary Shares (Pre-Dealing) | No of Ordinary Shares (Post-Dealing) | % of Ordinary Share capital (Pre-Dealing) |
% of Ordinary Share capital (Post-Dealing) |
| WB Nominees ISAMAX | 96,970,000 | 142,970,000 | 1.54% | 2.27% |
| WB Nominees | 176,968,557 | 130,968,557 | 2.81% | 2.08% |
| Pershing Securities | 142,245,940 | 142,245,940 | 2.26% | 2.26% |
| Total | 416,184,497 | 416,184,497 | 6.61% | 6.61% |
The information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under Article 7 of the Market Abuse Regulation (EU) No. 596/2014 (as amended) as it forms part of the domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (as amended). Upon the publication of this Announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
**ENDS**
For further information please visit www.kerasplc.com, follow us on Twitter @kerasplc or contact the following:
| Russell Lamming | Keras Resources plc | [email protected] |
| Nominated Adviser & Joint Broker Ewan Leggat / Charlie Bouverat Joint Broker Damon Heath / Erik Woolgar |
SP Angel Corporate Finance LLP Shard Capital Partners LLP |
+44 (0) 20 3470 0470 +44 (0) 207 186 9900 |
Appendix
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:
Identification code:
Ordinary shares of 0.01 pence each
ISIN: GB00B649J414
b)
Nature of the transaction:
Sale of Shares
c)
Price(s) and volume(s):
| Prices(s) | Volume(s) | |
| 1. | 0.086p | 46,000,000 |
d)
Aggregated information:
Aggregated volume:
Price:
46,000,000
0.086p
e)
Date of transaction:
14/04/2022
f)
Place of 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:
Identification code:
Ordinary shares of 0.01 pence each
ISIN: GB00B649J414
b)
Nature of the transaction:
Purchase of Shares through ISA
c)
Price(s) and volume(s):
| Prices(s) | Volume(s) | |
| 1. | 0.086p | 23,000,000 |
d)
Aggregated information:
Aggregated volume:
Price:
23,000,000
0.086p
e)
Date of transaction:
14/02/2021
f)
Place of transaction
XLON
1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
Joanne Lamming
2.
Reason for the notification
a)
Position/status:
PCA of Russell Lamming
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:
Identification code:
Ordinary shares of 0.01 pence each
ISIN: GB00B649J414
b)
Nature of the transaction:
Purchase of Shares through ISA
c)
Price(s) and volume(s):
| Prices(s) | Volume(s) | |
| 1. | 0.086p | 23,000,000 |
d)
Aggregated information:
Aggregated volume:
Price:
23,000,000
0.086p
e)
Date of transaction:
14/04/2022
f)
Place of transaction
XLON
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