TIDMKRS
RNS Number : 1043A
Keras Resources PLC
27 May 2021
Keras Resources plc / Index: AIM / Epic: KRS / Sector:
Mining
27 May 2021
Keras Resources plc ('Keras' or the 'Company')
Change in Director Holdings and Grant of Options
Keras Resources Plc was notified on 24 May 2021 that Mr Russell
Lamming, Chief Executive Officer of the Company, having conducted a
reconciliation and restructuring of his shareholding in the
Company, currently holds a total of 398,003,510 ordinary shares of
0.1p each in the Company ("Ordinary Shares") rather than the
397,003,509 as stated in the RNS released 18 January 2021. Mr
Lamming confirms that this change was due to a clerical error.
As part of the restructuring Mr Lamming has advised that that
the registered owners of the total shares disclosed previously as
being held by Russell Lamming has been changed without any change
in his aggregate disclosable holdings stated above, as listed in
the table below. The transaction by Russell Lamming (CEO), his
spouse, Joanne Lamming and Parallel Resources Limited, a company
wholly owned by Mr Lamming and Mrs Lamming are listed in the
Appendix. The dealings were conducted for the purposes of tax
planning and Mr Lamming's total beneficial interest before and
after the re-structuring of his interest was 398,003,510 Ordinary
Shares, representing 6.33% of the current issued Ordinary Share
capital.
As at 27 May 2021, Mr Lamming's total beneficial interest in the
Ordinary Share capital of the Company was held as follows:
Legal name of holder Number of Ordinary % of Ordinary Share
Shares capital
WB Nominees ISAMAX 96,970,000 1.54%
------------------- --------------------
WB Nominees 158,787,570 2.53%
------------------- --------------------
Pershing Securities 142,245,940 2.26%
------------------- --------------------
Total 398,003,510 6.33%
------------------- --------------------
As part of the Company's progression to full commercial
operations it has further bolstered its management team and have
today awarded options over 15,000,000 new ordinary shares of the
Company, further details of which are
set out below. These options are exercisable within 3 years of the vesting dates.
Share Option Vesting Dates
17/05/2022 17/05/2023 17/05/2024
----------- ----------- -----------
Number of
shares 5,000,000 5,000,000 5,000,000
----------- ----------- -----------
Exercise
price * (GBP) 0.1210p 0.1210p 0.1210p
----------- ----------- -----------
* 5 -day volume weighted price ('VWAP') close of business on 14
May 2021
**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
Financial PR
Susie Geliher / Cosima
Akerman St Brides Partners Ltd +44 (0) 20 7236 1177
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. 0.1100p 45,580,000
---------- -----------
2. 0.1210p 32,000,000
---------- -----------
3. 0.1110p 1,570,000
---------- -----------
4. 0.1100p 72,680,000
---------- -----------
------------------------------------ ---------------------------------
d) Aggregated information: Multiple transactions as
in 4 c) above
Aggregated volume:
151,830,000
Price:
0.112p
------------------------------------ ---------------------------------
e) Date of transaction: 1. 06/04/2021
2. 13/04/2021
3. 26/04/2021
4. 05/05/2021
------------------------------------ ---------------------------------
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. 0.1101p 18,000,000
---------- -----------
2. 0.1101p 13,700,000
---------- -----------
3. 0.1211p 16,000,000
---------- -----------
4. 0.1139p 900,000
---------- -----------
-------------------------------------- -------------------------------
d) Aggregated information: Multiple transactions as
in 4 c) above
Aggregated volume:
48,600,000
Price:
0.114p
-------------------------------------- -------------------------------
e) Date of transaction: 1. 04/02/2021
2. 12/02/2021
3. 13/04/2021
4. 26/04/2021
-------------------------------------- -------------------------------
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
SIPP
-------------------------------------- -------------------------------
c) Price(s) and volume(s): Prices(s) Volume(s)
1. 0.1100p 34,782,970
---------- -----------
2. 0.1100p 36,340,000
---------- -----------
-------------------------------------- -------------------------------
d) Aggregated information: Multiple transactions as
in 4 c) above
Aggregated volume:
71,122,970
Price:
0.1100p
-------------------------------------- -------------------------------
e) Date of transaction: 1. 06/04/2021
2. 05/05/2021
-------------------------------------- -------------------------------
f) Place of transaction XLON
-------------------------------------- -------------------------------
Joanne Lamming
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. 0.1101p 18,000,000
---------- -----------
2. 0.1101p 13,700,000
---------- -----------
3. 0.1211p 16,000,000
---------- -----------
4. 0.1139p 670,000
---------- -----------
-------------------------------------- -------------------------------
d) Aggregated information: Multiple transactions as
in 4 c) above
Aggregated volume:
48,370,000
Price:
0.114p
-------------------------------------- -------------------------------
e) Date of transaction: 1. 04/02/2021
2. 12/02/2021
3. 13/04/2021
4. 26/04/2021
-------------------------------------- -------------------------------
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
SIPP
-------------------------------------- -------------------------------
c) Price(s) and volume(s): Prices(s) Volume(s)
1. 0.1100p 34,782,970
---------- -----------
2. 0.1100p 36,340,000
---------- -----------
-------------------------------------- -------------------------------
d) Aggregated information: Multiple transactions as
in 4 c) above
Aggregated volume:
71,122,970
Price:
0.1100p
-------------------------------------- -------------------------------
e) Date of transaction: 1. 06/04/2021
2. 05/05/2021
-------------------------------------- -------------------------------
f) Place of transaction XLON
-------------------------------------- -------------------------------
Parallel Resources Limited
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Parallel Resources Limited
--------------------------------- ------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status: A Company wholly owned by
Mr Lamming and his spouse
--------------------------------- ------------------------------------
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. 0.1100p 39,200,000
---------- -----------
2. 0.1100p 27,400,000
---------- -----------
3. 0.1100p 23,985,940
---------- -----------
--------------------------------- ------------------------------------
d) Aggregated information: Multiple transactions as
in 4 c) above
Aggregated volume:
90,585,940
Price:
0.1100p
--------------------------------- ------------------------------------
e) Date of transaction: 1. 04/02/2021
2. 12/02/2021
3. 06/04/2021
--------------------------------- ------------------------------------
f) Place of transaction XLON
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Parallel Resources Limited
--------------------------------- ------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status: A Company wholly owned by
Mr Lamming and his spouse
--------------------------------- ------------------------------------
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
--------------------------------- ------------------------------------
c) Price(s) and volume(s):
Prices(s) Volume(s)
1. 0.1101p 3,200,000
---------- ----------
--------------------------------- ------------------------------------
d) Aggregated information: Single transaction as in
4 c) above
Prices(s) Volume(s)
1. 0.1101p 3,200,000
---------- ----------
--------------------------------- ------------------------------------
e) Date of transaction: 04/02/2021
--------------------------------- ------------------------------------
f) Place of transaction XLON
--------------------------------- ------------------------------------
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END
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