Information Regarding Calidus Resources Ltd Shares

RNS Number : 9355Q

Keras Resources PLC

24 October 2019

 

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

24 October 2019

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

Further Information Regarding Calidus Resources Ltd  ('Calidus') Shares

With the imminent distribution of Calidus Shares to Keras shareholders, the Company provides the following guidance to the Australian stock market protocols and some options for holding shares.

Key points:

·  The Calidus share registrar is The Automic Group ('Automic'), which can be contacted on [e-mail] or [phone].

·   Post the demerger, Keras shareholders on the Record Date* will be issued with a Security-Holder Reference number ('SRN') by Automic, which must be quoted when trading in Calidus shares. The SRN will be included on a Holding Statement that will be posted to the shareholder's registered address.

·   Shareholders who hold their ordinary shares of 0.1 pence each in Keras ('Keras Shares') through a Nominee account with their stockbroker, i.e. a broking account where their Keras Shares are not directly registered in their own name, will not be issued with an SRN. Instead, the Nominee company will receive a single SRN for all the Calidus shares that Nominee company holds. The Nominee may be able to hold these shares for the account of individual shareholders and trade on the ASX; however each Keras shareholder will need to determine this for his or her individual circumstances.

·    If individual shareholders who hold Keras Shares through a Nominee company want to transfer their Calidus shares to their own name, they will have to execute a simple off-market transfer form with their Nominee company whereby the Calidus shares will be transferred to the individual, who will be issued with a new SRN. Off-market forms can be found at https://automic.com.au/media/forms/Standard%20Transfer%20Form.pdf.  Any queries regarding this form should be directed to Automic.

·  Euroz Securities ('Euroz'), headquartered in Perth, Australia, has offered to assist new Calidus shareholders to set up an account to hold individually registered shares. There is no setup or holding cost associated with such an account. The process is very simple and can be completed online. For more information, please contact Paul Berson at Euroz on email [e-mail] or [phone]. 

* The Record Date is expected to be on or about 19 November 2019 and the Company will notify the firm date by Regulatory Information System prior to the Demerger becoming effective.

**ENDS**

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 Isabel de Salis / Cosima Akerman	St Brides Partners Ltd	[phone]

Notes

Keras Resources plc is a multi-commodity resource company benefiting from a highly skilled management team, which has extensive operational experience in Africa and Australia with a proven track record in advancing assets up the value curve. 

Post the significant release of value to shareholders through the proposed distribution of the Company's interest in Calidus Resources limited, Keras investors will have a direct exposure to the cashflow generative Nayega manganese project in Togo, West Africa with a proven feasibility study and installed processing capacity to produce 6,500 tonnes of beneficiated manganese.  The Company is now waiting for the award of the Exploitation Permit which is imminent.

 

END

 

 

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