Keras Resources plc confirms that the Record Date for the Keras Demerger is 19 November 2019. Shareholders on the share register at 6pm on the Record Date are entitled to receive 1 Calidus Resources Ltd ("Calidus") Share for every 3.451963 Keras Ordinary Shares ("Eligible Shareholders").
The Company is forwarding the Keras share register on the Record Date to the Automic Group to allow the distribution of the 723,750,000 Calidus shares to Eligible Shareholders when the ASX opens next, on Monday 25 November 2019.
Eligible Shareholders who hold their Keras shares through a Nominee company ("Nominee"), ie a broking account where your shares are not directly registered in your name should contact their Nominee to discuss the distribution of their CAI shares.
For further information please visit www.kerasplc.com, follow us on Twitter @kerasplc or contact the following:
Keras Resources plc is focused on building a strategic portfolio of resource assets, providing investors with exposure to a portfolio of development assets including manganese, cobalt and nickel in Togo, West Africa. It is also in the process of transferring its holding of shares in Calidus Resources Limited to its shareholders by way of a capital reduction. The Company benefits from a skilled management team, which has extensive experience in the resource sector and proven success in advancing assets up the value curve.
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