Result of Open Offer and General Meeting

About this update from Keras Resources Plc

  THIS ANNOUNCEMENT (INCLUDING THE APPENDICES) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND FOR INFORMATION PURPOSES ONLY AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, AND DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN, INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION, DISTRIBUTION, OFFER OR SALE WOULD BE UNLAWFUL. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO PURCHASE AND/OR SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN KERAS RESOURCES PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF KERAS RESOURCES PLC.   14 August 2025   Keras Resources plc ('Keras' or the 'Company')   Result of Open Offer Result of General Meeting Keras Resources plc (AIM: KRS) is pleased to announce the result of its Open Offer to Qualifying Shareholders which was announced on 21 July 2025 and closed to acceptances, in accordance with the terms of the Open Offer, on 13 August 2025.   The Company announces that valid acceptances have been received from Qualifying Shareholders for a total of 10,770,173 Offer Shares, representing a take-up of approximately 28.22 per cent. of the 38,163,608 Offer Shares available. All Qualifying Shareholders who have validly applied for Offer Shares will therefore receive the number of Offer Shares for which they have applied, up to their Basic Entitlement. Applications for Offer Shares from Qualifying Shareholders under the Excess Application Facility will also be satisfied in full.   Accordingly, subject to Admission being effective, 10,770,173 Offer Shares will be issued in connection with the Open Offer, raising approximately £150,782 (before expenses) at the issue price of 1.4 pence per Offer Share. The funds raised under the Open Offer will be used to repay the part of the CLNs which is not converted.   The balance of the CLNs will be converted at the Offer Price, resulting in the issue of a total of 42,801,256 Ordinary Shares to Christopher Grosso (t...

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