TIDMKRS

RNS Number : 6363I

Keras Resources PLC

19 April 2022

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

19 April 2022

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

Director & PCA Dealings

Keras Resources Plc was notified on 19 April 2022 that Russell Lamming, Chief Executive Officer of the Company and his spouse, Joanne Lamming a person closely associated ("PCA") to Mr Lamming under the Market Abuse Regulation ("MAR"), have completed dealings in ordinary shares of Keras ("Ordinary Shares") for the purposes of tax planning. Mr Lamming sold 46 million Ordinary Shares held in WB Nominees and then both Mr and Mrs Lamming purchased 23 million Ordinary Shares each through WB Nominees ISAMAX. Post the dealings, Mr Lamming's interest remains at 416,184,497 Ordinary Shares, representing 6.61% of the current issued Ordinary Share capital. The transactions are listed in the Appendix below.

As at 19 April 2022, Mr Lamming's total beneficial interest in the Ordinary Share capital of the Company was held as follows:

 
      Legal name           No of Ordinary           No of Ordinary       % of Ordinary     % of Ordinary 
       of Holder         Shares (Pre-Dealing)    Shares (Post-Dealing)    Share capital    Share capital 
                                                                          (Pre-Dealing)    (Post-Dealing) 
 WB Nominees 
  ISAMAX                     96,970,000              142,970,000             1.54%             2.27% 
                       ----------------------  -----------------------  ---------------  ---------------- 
 WB Nominees                 176,968,557             130,968,557             2.81%             2.08% 
                       ----------------------  -----------------------  ---------------  ---------------- 
 Pershing Securities         142,245,940             142,245,940             2.26%             2.26% 
                       ----------------------  -----------------------  ---------------  ---------------- 
 Total                       416,184,497             416,184,497             6.61%             6.61% 
                       ----------------------  -----------------------  ---------------  ---------------- 
 

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.

**S**

For further information please visit www.kerasplc.com , follow us on Twitter @kerasplc or contact the following:

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

Appendix

 
 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           Ordinary shares of 0.01 pence 
        instrument, type of                    each 
        instrument: 
                                               ISIN: GB00B649J414 
        Identification code: 
      -------------------------------------  --------------------------------- 
 b)    Nature of the transaction:             Sale of Shares 
      -------------------------------------  --------------------------------- 
 c)    Price(s) and volume(s):                       Prices(s)   Volume(s) 
                                                 1.   0.086p      46,000,000 
                                                     ----------  ----------- 
      -------------------------------------  --------------------------------- 
       Aggregated information: 
 
        Aggregated volume:                      46,000,000 
 
 d)     Price:                                  0.086p 
      -------------------------------------  --------------------------------- 
 e)    Date of transaction:                              14/04/2022 
      -------------------------------------  --------------------------------- 
 f)    Place of 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             Ordinary shares of 0.01 pence 
        instrument, type of                      each 
        instrument: 
                                                 ISIN: GB00B649J414 
        Identification code: 
      ---------------------------------------  ------------------------------- 
 b)    Nature of the transaction:               Purchase of Shares through 
                                                 ISA 
      ---------------------------------------  ------------------------------- 
 c)               Price(s) and volume(s):             Prices(s)   Volume(s) 
                                                  1.   0.0 86 p    23,000,000 
                                                      ----------  ----------- 
      ---------------------------------------  ------------------------------- 
       Aggregated information: 
 
        Aggregated volume:                        23,000,000 
 
 d)     Price:                                    0.086p 
      ---------------------------------------  ------------------------------- 
 e)    Date of transaction:                                14/02/2021 
      ---------------------------------------  ------------------------------- 
 f)    Place of transaction                     XLON 
      ---------------------------------------  ------------------------------- 
 
 
 1.    Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name:                                    Joanne Lamming 
      ---------------------------------------  ------------------------------- 
 2.    Reason for the notification 
      ------------------------------------------------------------------------ 
 a)    Position/status:                         PCA of Russell Lamming 
      ---------------------------------------  ------------------------------- 
 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             Ordinary shares of 0.01 pence 
        instrument, type of                      each 
        instrument: 
                                                 ISIN: GB00B649J414 
        Identification code: 
      ---------------------------------------  ------------------------------- 
 b)    Nature of the transaction:               Purchase of Shares through 
                                                 ISA 
      ---------------------------------------  ------------------------------- 
 c)               Price(s) and volume(s):             Prices(s)   Volume(s) 
                                                  1.   0.086p      23,000,000 
                                                      ----------  ----------- 
      ---------------------------------------  ------------------------------- 
       Aggregated information: 
 
        Aggregated volume:                        23,000,000 
 
 d)     Price:                                    0.086p 
      ---------------------------------------  ------------------------------- 
 e)    Date of transaction:                                14/04/2022 
      ---------------------------------------  ------------------------------- 
 f)    Place of transaction                     XLON 
      ---------------------------------------  ------------------------------- 
 

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April 19, 2022 09:48 ET (13:48 GMT)

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