TIDMKRS

RNS Number : 8478B

Keras Resources PLC

11 June 2019

11 June 2019

Keras Resources plc

("Keras" or the "Company")

Director dealings

Keras Resources Plc was notified yesterday that 47,881,944 ordinary shares of 0.1p each in the Company ("Ordinary Shares") have been transferred from the Clearwater Trust, whose beneficiaries are members of Russell Lamming's family, to Russell Lamming, Chief Executive officer of the Company at a deemed price of 0.335 pence per share.

Following the above transfer, Clearwater Trust no longer holds any Ordinary Shares. 54,881944 Ordinary Shares are held by Russell Lamming and 14,275,517 shares are held by Parallel Resources Limited, a company wholly owned by Mr Lamming and his spouse. Mr Lamming's total beneficial interest in the issued Ordinary Share capital remains unchanged at 69,157,461 Ordinary Shares, representing 3.02 per cent. of the total issued Ordinary Share capital.

 
 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 0.1p each 
        instrument, type of 
        instrument 
 
       Identification code                   ISIN: GB00B649J414 
 
 b)    Nature of the transaction 
                                               Acquisition of shares 
      ------------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                    --------------  ----------------- 
                                                     Price(s)        Volume(s) 
                                                    --------------  ----------------- 
                                             1.      0.335p          47,881,944 
                                                    --------------  ----------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                        47,881,944 
 
  - Price                                    0.335p 
 
 e)    Date of the transaction               07 June 2019 
      ------------------------------------  ------------------------------------------- 
 f)    Place of the transaction              XLON 
      ------------------------------------  -------------------------------------------

**ENDS**

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 
  Broker 
  Ewan Leggat / Charlie        SP Angel Corporate Finance    +44 (0) 20 3470 
  Bouverat                      LLP                           0470 
 Financial PR 
  Susie Geliher / Charlotte                                  +44 (0) 20 7236 
  Page                         St Brides Partners Ltd         1177

Notes

Keras Resources plc is focused on building a strategic portfolio of resource assets. The Company provides investors with exposure to a portfolio of development assets, including manganese, cobalt and nickel in Togo, West Africa. It also has a significant interest in Calidus Resources Limited ('Calidus'), a highly prospective gold exploration and development company in Australia, which is currently undertaking a Pre-Feasibility Study at its Warrawoona gold project. Keras benefits from a highly skilled management team, which has extensive operational experience in Africa and Australia and proven success in advancing assets up the value curve.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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June 11, 2019 08:05 ET (12:05 GMT)

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