Business
Issue of Shares and Director/PDMR Shareholdings
Issue of Shares and Director/PDMR Shareholdings.
About this update from Keras Resources Plc
[{"type":"text","content":"\n \nRNS Number : 8600V Keras Resources PLC 26 July 2018 \n\n26 July 2018\n \nKeras Resources plc\n(\"Keras\" or the \"Company\")\nIssue of Shares and Director/PDMR Shareholdings\nNotification of transactions by persons discharging managerial responsibilities\nThe Company wishes to announce that in-line with its ongoing strategy to preserve its cash resources, Keras announces that it has today issued 27,333,334 ordinary shares of 0.1 pence each in the Company (\"New Ordinary Shares\"), to Brian Moritz in lieu of unpaid salary for the period of 41 months to 30 September 2016. As noted in the Company's Annual Report for the year ended 30 September 2017 fees payable to Brian Moritz amounted to £102,500. Mr Moritz has confirmed that the pay-as-you-earn tax (\"PAYE\") arising from the settlement of these fees will be paid by him personally. The New Ordinary Shares have been issued at a price of 0.375 pence being the closing share price on 25 July 2018. \n \n\n\n\n\nDirector\n\n\nNew Ordinary Shares issued at 0.375 pence\n\n\nTotal number of ordinary shares now held\n\n\n% of enlarged issued share capital now held\n\n\n\n\nBrian Moritz (Non-executive Chairman)\n\n\n27,333,334\n\n\n76,960,512\n\n\n3.36 %\n\n\n\n\n \nApplication will be made for the New Ordinary Shares to be admitted to trading on AIM (\"Admission\") and it is expected that Admission will occur on or around 31 July 2018. Following Admission, the Company's issued share capital will consist of 2,289,133,439 ordinary shares of 0.1 pence each. The above figure (2,289,133,439) may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure Guidance and Transparency Rules.\n \n \n\n\n\n\n1 \n \n\n\nDetails of the person discharging managerial responsibilities / person closely associated \n \n\n\n\n\na) \n \n\n\nName \n \n \n\n\n \n Brian Moritz \n\n\n\n\n2 \n \n\n\nReason for the notification \n \n\n\n\n\na) \n \n\n\nPosition/status \n \n \n\n\n \nNon-executive Chairman \n\n\n\n\nb) \n \n\n\nInitial notification /Amendment \n \n \n\n\n \nInitial Notification \n\n\n\n\n3 \n \n\n\nDeta...