TIDMKRS

RNS Number : 6227T

Keras Resources PLC

25 July 2022

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

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

Result of Annual General Meeting, Result of General Meeting and Share Consolidation

Keras Resources plc , is pleased to announce that, at the Annual General Meeting ("GM") held today (25 July 2022), all resolutions were duly passed.

A t the General Meeting ("GM") also held today, the resolution to approve the share consolidation set out in the Notice of GM, was duly passed. The proxies received in respect of resolution were as follows:

 
 Resolution        For          Against     Discretion to Chairman    Withheld        Total 
     1        2,596,690,098   180,787,299            Nil             17,061,409   2,794,538,806 
             --------------  ------------  -----------------------  -----------  --------------

Share Consolidation

Following the approval of the Resolution, every 100 ordinary shares of 0.01 p. each (the "Existing Shares") that are in issue as at 6.00 p.m. today will be consolidated into one new ordinary share of 1 p. each (the "New Ordinary Shares"). Other than the change in nominal value, the New Ordinary Shares arising on implementation of the share consolidation will have the same rights as the Existing Shares, including voting and other rights.

The New Ordinary Shares arising from the share consolidation will be admitted to trading on AIM from 8.00 a.m. on 26 July 2022 ("Admission") with ISIN number GB00BMY2T534 and SEDOL code BMY2T53.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise 79,735,731 New Ordinary Shares with voting rights. This figure of 79,735,731 New Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Disclosure Rules and Transparency Rules of the United Kingdom Financial Conduct Authority.

**ENDS**

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

 
 Graham Stacey                  Keras Resources plc           annabel@kerasplc.com 
  Annabel Redford 
 Nominated Adviser & Joint 
  Broker                                                      +44 (0) 20 3470 
  Ewan Leggat / Charlie         SP Angel Corporate Finance     0470 
  Bouverat                       LLP 
 
  Joint Broker                                                 +44 (0) 207 186 
  Damon Heath / Erik Woolgar     Shard Capital Partners        9900 
                                 LLP 
  Financial and Corporate 
  Communications                                               +44 (0) 774 884 
  Felicity Winkles               Celicourt                     3871

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END

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(END) Dow Jones Newswires

July 25, 2022 06:30 ET (10:30 GMT)

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