Director Dealings

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	[e-mail]
Nominated Adviser / Joint Broker
Ewan Leggat / Charlie Bouverat	SP Angel Corporate Finance LLP	[phone]
Financial PR Susie Geliher / Charlotte Page	St Brides Partners Ltd	[phone]

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.

 

END

 

 

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