Business
Change of accounting reference date & EMI Options
Change of accounting reference date & EMI Options.
About this update from Keras Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6705U\n Keras Resources PLC\n 07 April 2021\n \n \n \n \n Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining\n \n \n 7 April 2021\n \n \n Keras Resources plc ('Keras' or the 'Company')\n \n \n Change of accounting reference date and grant of EMI Options\n \n \n \n \n \n Keras Resources plc, the AIM listed mineral resource company, is pleased to announce that its accounting reference date has been changed to 31 December, in order to harmonise its year end with that of its major trading subsidiary companies operating in Togo and in Utah, USA. As a result, the current accounting period will be extended to 15 months, and will end on 31 December 2021.\n \n \n \n \n \n In addition to the interim report for the 6 months ended 31 March 2021, which will be published by 30 June 2021, the Company will publish a second interim report for the 6 months ending 30 September 2021, which will be published by 31 December 2021. The Company intends to publish audited accounts for the 15 months ending 31 December 2021 by the end of May 2022 or early June 2022 and these will be published by no later than 30 June 2022 in any event.\n \n \n \n \n \n As part of the Company's progression to full commercial operations it has bolstered its management team to cover the Company's Environment, Social and Governance initiatives and Public Relations activities and the Board of Directors have today awarded EMI options over 10,000,000 new ordinary shares of the Company, further details of which are set out below. \n \n \n \n \n \n \n \n \n \n \n \n \n EMI Share Option Vesting Dates \n \n \n \n \n \n \n \n \n \n 01/04/2022\n \n \n \n \n 01/04/2023\n \n \n \n \n 01/04/2024\n \n \n \n \n \n \n Number of shares \n \n \n \n \n 3,333,333\n \n \n \n \n 3,333,333\n \n \n \n \n 3,333,334\n \n \n \n \n \n \n Exercise price * (GBP)\n \n \n \n \n 0.001183\n \n \n \n \n 0.001183\n \n \n \n \n 0.001183\n \n \n \n \n \n \n * 5 -day volume weighted price ('VWAP') close of business on 31 March 2021\n \n \n \n \n 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) 5...