Keras Resources PLC Restoration of Trading on AIM (2499F)

TIDMKRS

RNS Number : 2499F

Keras Resources PLC

06 July 2023

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

06 July 2023

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

Restoration of trading

and Issue of Fee Shares

Keras Resources plc (AIM: KRS) is pleased to announce that with the publication of the Annual Report and Accounts for Year Ended 31 December 2022, which are now available on the Company's website at https://kerasplc.com/results-and-reports/ , trading in the Company's ordinary shares on AIM will be restored with effect from 4.20 pm today.

As announced earlier today the Annual Report and Accounts for Year Ended 31 December 2022 will also be posted to shareholders on 7 July 2023 along with the notice of its Annual General Meeting ("AGM") to be held at Coveham House, Downside Bridge Road, Cobham KT11 3EP, on the 31st July 2023, a Proxy Form and a letter detailing shareholders' option to receive electronic communication from the Company going forward.

The Notice of AGM, Proxy Form and a letter detailing shareholders' option to receive electronic communication from the Company going forward are also available on the Company's website at https://kerasplc.com/results-and-reports/

Issue of Fee Shares

The Company also announces that it has issued 361,446 new ordinary shares of 1 pence each ("Ordinary Shares") in the Company at a price of 4.15 pence per new Ordinary Share to SP Angel Corporate Finance LLP in lieu of the cash payment of GBP15,000 due for the provision of professional advisory services.

Admission and Total Voting Rights

Application will be made for the 361,446 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on or around 12 July 2023. Following Admission, the Company's issued share capital will comprise 80,097,177 Ordinary Shares with voting rights. This figure of 80,097,177 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Disclosure Rules and Transparency Rules of the United Kingdom Financial Conduct Authority.

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:

 
 Graham Stacey                  Keras Resources plc           info@kerasplc.com 
 Nominated Adviser & Joint 
  Broker                        SP Angel Corporate Finance 
  Ewan Leggat / Charlie          LLP 
  Bouverat                                                    +44 (0) 20 3470 0470 
 
  Joint Broker                   Shard Capital Partners 
  Damon Heath / Erik Woolgar     LLP                           +44 (0) 207 186 9900

Notes:

Keras Resources (AIM: KRS) wholly owns the Diamond Creek organic phosphate mine in Utah, US. Diamond Creek is one of the highest-grade organic phosphate deposits in the US and is a fully integrated mine to market operation with in-house mining and processing facilities. The operation produces a variety of organic phosphate products that can be tailored to customer organic fertiliser requirements.

The Company is focused on continuing to build market share in the fast-growing US organic fertiliser market and build Diamond Creek into the premier organic phosphate producer in the US.

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END

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July 06, 2023 11:20 ET (15:20 GMT)

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