Result of AGM and Change of Name to Okopa plc

Keras Resources PLC

12 October 2026

 

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

12 October 2026

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

Result of Annual General Meeting

Change of Name to Okopa plc

A fully funded, near term revenue generative and exploration copper company in Namibia

Keras Resources plc, the AIM listed mineral resource company, is pleased to announce that, at the Annual General Meeting ('AGM') of the Company held on 12 October 2026, all resolutions as set out in the Notice of Annual General Meeting were duly passed by shareholders. Detailed voting results are set out below.

Accordingly, the Company is pleased to confirm the following:

• Completion of Cornerstone acquisition – the acquisition of an initial 51% interest in Cornerstone Mining (Pty) Ltd ("Cornerstone") has completed, marking an immediate and significant strategic transition towards copper exploration, development and production in Namibia.
• Clear strategic focus on copper – the sale of Keras US LLC which paves the way for the new strategy to build a focussed copper exploration, development and production company, initially centred on Cornerstone's portfolio of contiguous copper licences covering approximately 6,214 hectares in Namibia's emerging underdeveloped Kaoko Copper Belt.
• Near-term copper development potential – the Company intends to quantify and develop known shallow copper oxide mineralisation, targeting a pathway towards early production and cash flow, while exploring the deeper sulphide potential to define a larger-scale copper resource.
• Local Mining Claim partnerships – agreements with local Namibian Mining Claim ("MC") holders in place to jointly develop projects within the licence areas, providing an additional exposure to small-scale copper production generating immediate revenue, while supporting local participation.
• Option for increased ownership – in addition to its controlling 51% interest, the Company has an option to acquire a further 19% interest in Cornerstone providing a pathway to increase its ownership to 70% as the assets are advanced and quantified.
• Staged development strategy – staged strategy in place combining shallow oxide development, Mining Claim partnerships and systematic exploration and resource definition across the wider Cornerstone portfolio. The longer-term objective is to delineate and develop a significant deeper copper sulphide resource capable of supporting larger-scale production.
• Funded, debt free and royalty exposure – following the fundraising and disposal of Keras US LLC, the Company is debt free and funded to advance its copper strategy, while retaining an uncapped US$10 per long ton royalty on qualifying future production from Diamond Creek and income from its historic Togo manganese project.
• Change of name to Okopa plc – change of name to Okopa plc reflects the Company's new strategic direction, which will become effective on 13 October 2026. New ticker is OKP.

Okopa CEO Russell Lamming said, “Okopa has the foundations to build a significant and sustainable copper company in Namibia’s rapidly emerging Kaoko Copper Belt. Our controlling interest in Cornerstone provides a substantial, data-rich and contiguous land package, combining near-term shallow oxide production opportunities with compelling deeper sulphide exploration potential.

“With a funded, debt-free corporate structure, retained royalty exposure to Diamond Creek and a strengthened Board focused on delivery, Okopa is well positioned for its next phase of growth. Our development plan is already being implemented and is expected to generate a strong pipeline of operational and exploration news as we develop the project. Working closely with our local Mining Claim partners, we aim to create value for all stakeholders while building meaningful exposure to copper, a commodity with compelling long-term fundamentals driven by electrification, grid investment and growing global demand.

“I would also like to take this opportunity to thank Brian Moritz, who retires today for all his hard work and sage advice over the last 15 years and wish him all the best for a very well deserved retirement.”

Change of Name to Okopa plc

The change of name has now taken effect following registration at Companies House and will become effective on the London Stock Exchange tomorrow, 13 October 2026.

The Company’s TIDM will change from KRS to OKP. The Company’s LEI (213800OZFKFM2N4R4F47), ISIN (GB00BMY2T534)and SEDOL (BMY2T53)will remain unchanged.

Shareholders should note that their holdings of ordinary shares in the Company will not be affected by the change of name. Existing share certificates should be retained as they remain valid for all purposes and new share certificates will not be issued.

The Company’s website will be updated with effect from tomorrow at: www.okopaplc.com.

Admission and Total Voting Rights

Following the receipt of shareholder approval, as set out in the announcements dated 14 September 2026 and 5 October 2026, application has been made to the London Stock Exchange for the 45,000,000 Second Tranche Shares issued under the Subscription and the initial consideration shares of 14,000,000, issued on completion of the investment in Cornerstone, to be admitted to trading on AIM (“Admission”).

Admission will become effective and dealing in the Second Tranche Shares and the initial consideration shares will commence on or around 13 October 2026. The Second Tranche Shares and the initial consideration shares will be fully paid and will rank pari passu in all respects with the existing Ordinary Shares.

Following Admission, the Company will have 260,873,054 Ordinary Shares in issue with voting rights. Shareholders may use the voting rights figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the issued share capital of the Company.

Results of voting

The results of the proxy voting were as follows:

Resolution	FOR	%	AGAINST	%	WITHHELD	TOTAL
01	116,815,546	99.96%	16,884	0.01%	25,217	116,857,647
02	116,807,649	99.96%	22,736	0.02%	27,262	116,857,647
03	116,807,649	99.96%	22,603	0.02%	27,395	116,857,647
04	116,809,628	99.96%	20,906	0.02%	27,113	116,857,647
05	116,688,695	99.86%	141,839	0.12%	27,113	116,857,647
06	116,688,562	99.86%	141,972	0.12%	27,113	116,857,647
07*	41,301,524	99.88%	23,452	0.06%	25,350	41,350,326
08	116,693,630	99.86%	136,755	0.12%	27,262	116,857,647
09	114,088,761	97.63%	2,739,860	2.34%	29,026	116,857,647
10	113,993,116	99.77%	139,084	0.12%	125,447	114,257,647

*Note: Substantial Shareholders Christopher Grosso and Joseph Carbone did not vote on resolution 7

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.okopaplc.com, follow us on X (formerly Twitter) @okopaplc or contact the following:

Russell Lamming	Okopa plc	[e-mail]
Nominated Adviser & Broker Jen Clarke / Ewan Leggat Investor Relations Hugo de Salis	SP Angel Corporate Finance LLP Okopa plc	[phone] [phone]

 

END