leadf
logo-loader
RNS
viewKeras Resources PLC

Keras Resources PLC - Adjournment of AGM & Corporate Update

RNS Number : 5302G
Keras Resources PLC
17 March 2020
 

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

17 March 2020

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

Adjournment of AGM & Corporate Update

 

Keras Resources plc, the AIM listed mineral resource company, has been informed that, following government advice on 16 March 2020, Memery Crystal's offices have been closed for meetings. The Annual General Meeting convened for 2.00pm on 18 March 2020 at those offices will therefore be adjourned. As soon as possible a notice convening the adjourned Annual General Meeting will be sent to shareholders. Proxy votes received for the AGM are in favour of all the resolutions being proposed, with more than 99% in favour in each resolution. These proxy votes will be valid for the adjourned meeting unless countermanded.

 

Keras places the safety and wellbeing of its employees and contractors as the highest priority. Accordingly, in response to the outbreak of the Covid-19 pandemic, a business continuity programme has been put in place to protect employees while ensuring the safe operation of the Company.   This has resulted in all non-essential travel being cancelled, while all activities at Nayega and the regional office in Lomé have been reduced to essential staff only.  The Company has also asked any employee feeling unwell to stay at home. 

 

The Company continues to work with all stakeholders in Togo to complete the final documentation related to the Nayéga exploitation permit.  Covid-19, in tandem with the presidential election held on 22 February 2020 where incumbent President Faure Gnassingbé was re-elected, have delayed this process and as such, commercial activities at Nayega will not commence in the first quarter of 2020.

 

The Company is maintaining a cautious approach and has reduced its operating expenses to a minimum in these uncertain times; it will update shareholders when it has additional information to share.

 

This announcement contains inside information for the purposes of Article 7 of Regulation

 

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of Russell Lamming, Chief Executive Officer.  This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 

**ENDS**

 

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

 

Russell Lamming

Keras Resources plc

[email protected]

 

Nominated Adviser & Joint Broker

Ewan Leggat / Charlie Bouverat

 

SP Angel Corporate Finance LLP

+44 (0) 20 3470 0470

 

Joint Broker

Damon Heath / Erik Woolgar

 

Shard Capital Partners LLP

 

+44 (0) 207 186 9900

 

Financial PR

Susie Geliher / Cosima Akerman

St Brides Partners 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 [email protected] or visit www.rns.com.
 
END
 
 
MSCBRGDXCDBDGGR

Quick facts: Keras Resources PLC

Price: 0.14

Market: AIM
Market Cap: £6.81 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

3 min read