Confirmation of Director Shareholding

RNS Number : 2785Z

Keras Resources PLC

30 August 2018

 

30 August 2018

Keras Resources plc

("Keras" or the "Company")

Confirmation of Director Shareholding

Keras Resources Plc has been notified that Mr David Reeves, Non-Executive Director of the Company, having conducted a reconciliation of his shareholding in the Company, currently holds a total of 381,675,491 ordinary shares of 0.1p each in the Company ("Ordinary Shares") rather than the 384,897,714 as stated in the RNS released 04 June 2018. Mr Reeves confirms that this change was due to a clerical error and confirms that he has not sold any shares in the Company.

Additionally, further to the RNS released on 04 June regarding director dealings, Mr Reeves has informed the Company that the number of Ordinary Shares purchased by him was 28,972,663 and not the figure of 29,972,663 originally stated in the RNS of 04 June 2018. An amended Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them can be found below.

Further detail is provided below:

	Beneficial interest in Ordinary Shares1,2	% of Total Voting Rights in the Company
David Reeves	381,675,491	16.7%
1 - 370,078,268 ordinary shares are held by the Elwani Trust whose beneficiaries are the spouse and children of David Reeves.  David Reeves is a trustee of the Elwani Trust. 2 - 11,597,223 ordinary shares are held in the Bodmin Super Fund whose trustees and beneficiaries are David and Eleanor Reeves.

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			Keras Resources Plc
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights						X
Other (please specify)iii: Reconciliation of Stockbroker Accounts						X
3. Details of person subject to the notification obligationiv
Name			David Reeves
City and country of registered office (if applicable)			London, United Kingdom
4. Full name of shareholder(s) (if different from 3.)v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi:			31 July 2018
6. Date on which issuer notified (DD/MM/YYYY):			29 August 2018
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	16.7%			16.7%	2,289,133,439
Position of previous notification (if applicable)	17.02%	N/A		17.02%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rightsix					% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GB00B649J414		381,675,491					16.7 %
SUBTOTAL 8. A		381,675,491					16.7 %
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii			Number of voting rights	% of voting rights
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi
370,078,268 ordinary shares are held by the Elwani Trust whose beneficiaries are the spouse and children of David Reeves.  David Reeves is a trustee of the Elwani Trust. 11,597,223 ordinary shares are held in the Bodmin Super Fund whose trustees and beneficiaries are David and Eleanor Reeves.

Place of completion	London
Date of completion	29 August 2018

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Reeves
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Amendment
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 instrument, type of instrument	ordinary shares of 0.1p each
	Identification code	ISIN: GB00B649J414
b)	Nature of the transaction	Acquisition of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 0.37p 28,972,663
d)	Aggregated information
	- Aggregated volume	N/A Single transaction
	- Price
e)	Date of the transaction	04 June 2018
f)	Place of the transaction	XLON

*ENDS**

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

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

Russell Lamming	Keras Resources plc	[e-mail]
Nominated Adviser / Joint Broker
Ewan Leggat / Charlie Bouverat	SP Angel Corporate Finance LLP	[phone]
Financial PR Susie Geliher / Charlotte Page	St Brides Partners Ltd	[phone]

 

END

 

 

MSCGCGDIBXXBGIG