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KRS Keras Resources Plc

1.65
-0.05 (-2.94%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Keras Resources Plc LSE:KRS London Ordinary Share GB00BMY2T534 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05 -2.94% 1.65 1.50 1.80 1.70 1.65 1.70 300,680 09:26:45
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Iron Ores 994k -1.08M -0.0134 -1.23 1.32M

Keras Resources PLC Confirmation of Director Shareholding (2785Z)

30/08/2018 10:37am

UK Regulatory


Keras Resources (LSE:KRS)
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TIDMKRS

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          % of Total Voting 
                   in Ordinary Shares(1,2)      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                              Keras Resources Plc 
  underlying issuer of existing shares 
  to which voting rights are attached(ii) 
  : 
                                                              ------------------------------------------- 
 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 obligation(iv) 
 Name                                                          David Reeves 
 City and country of registered office                         London, United Kingdom 
  (if applicable) 
 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                            31 July 2018 
  crossed or reached(vi) : 
                                                              ------------------------------------------- 
 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         % of voting rights     Total of both   Total number 
                            rights attached     through financial      in % (8.A +     of voting rights 
                            to shares (total    instruments            8.B)            of issuer(vii) 
                            of 8. A)            (total of 8.B 
                                                1 + 8.B 2) 
                          ------------------  ---------------------  --------------  -------------------- 
 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 reached(viii) 
 A: Voting rights attached to shares 
 Class/type of      Number of voting rights(ix)                              % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                   ------------------------------------------------------- 
                    Direct                    Indirect                       Direct                     Indirect 
                     (Art 9 of Directive       (Art 10 of Directive           (Art 9 of Directive       (Art 10 of Directive 
                     2004/109/EC)              2004/109/EC)                   2004/109/EC) (DTR5.1)     2004/109/EC) 
                     (DTR5.1)                  (DTR5.2.1)                                               (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            Expiration   Exercise/                            Number of voting                  % of voting rights 
  financial          date(x)      Conversion Period(xi)                rights that may 
  instrument                                                           be acquired if 
                                                                       the instrument 
                                                                       is 
                                                                       exercised/converted. 
                   -----------  -----------------------------------  --------------------------------  --------------------- 
 
 
 
                                 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       Expiration        Exercise/               Physical or              Number of             % of voting rights 
  financial     date(x)           Conversion              cash                     voting rights 
  instrument                      Period (xi)             settlement(xii) 
              ----------------  ----------------------  -----------------------  -------------------- 
 
 
 
                                                         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) issuer(xiii) 
 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 entity(xiv) (please 
  add additional rows as necessary) 
 Name(xv)           % of voting rights       % of voting rights     Total of both if 
                     if it equals or          through financial      it equals or is higher 
                     is higher than the       instruments if it      than the notifiable 
                     notifiable threshold     equals or is higher    threshold 
                                              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 information(xvi) 
 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                    ordinary shares of 0.1p each 
       of the financial 
       instrument, 
       type of instrument 
 
      Identification                 ISIN: GB00B649J414 
       code 
 
 b)   Nature of 
       the transaction                 Acquisition of shares 
     -----------------------------  ------------------------------------------- 
 c)   Price(s) and                     Price(s)   Volume(s) 
       volume(s)                        0.37p      28,972,663 
                                                  ----------- 
 
 d)   Aggregated 
       information 
 
      - Aggregated                   N/A Single transaction 
       volume 
 
      - Price 
 
 e)   Date of the 
       transaction                     04 June 2018 
     -----------------------------  ------------------------------------------- 
 f)   Place of the                   XLON 
       transaction 
     -----------------------------  ------------------------------------------- 
 

*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    info@kerasplc.com 
 Nominated Adviser / 
  Joint Broker 
 Ewan Leggat / Charlie         SP Angel Corporate 
  Bouverat                      Finance LLP           +44 (0) 20 3470 0470 
 Financial PR 
  Susie Geliher / Charlotte    St Brides Partners 
  Page                          Ltd                   +44 (0) 20 7236 1177 
 
 
 
 
 
 
 

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

MSCGCGDIBXXBGIG

(END) Dow Jones Newswires

August 30, 2018 05:37 ET (09:37 GMT)

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