4th Jun 2018 12:50
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 | |||||||
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Identification code | ISIN: GB00B649J414 | ||||||||
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b)
| Nature of the transaction
|
Acquisition of shares | |||||||
c) | Price(s) and volume(s) |
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d)
| Aggregated information |
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- Aggregated volume | N/A Single transaction | ||||||||
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- Price |
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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) |
|
|
|
|
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| Price(s) | Volume(s) |
| |
| 1. | 0.37p | 1,000,000 |
| |
| 2. | 0.37p | 7,000,000 |
| |
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|
|
| |
d)
| Aggregated information |
| |||
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| ||||
- Aggregated volume | 8,000,000 | ||||
|
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- Price | 0.37p | ||||
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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) |
|
|
|
| ||||
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 |
|
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.
Related Shares:
Keras Res