Result of AGM, Result of GM & Share Consolidation

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

Annabel Redford

Keras Resources plc

annabel@kerasplc.com

 

 

Nominated Adviser & Joint Broker

Ewan Leggat / Charlie Bouverat

 

Joint Broker

Damon Heath / Erik Woolgar

 

Financial and Corporate Communications

Felicity Winkles

 

SP Angel Corporate Finance LLP

 

 

Shard Capital Partners LLP

 

 

Celicourt

+44 (0) 20 3470 0470

 

 

+44 (0) 207 186 9900

 

 

+44 (0) 774 884 3871

 

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