Annual Results Update & Suspension
Keras Resources plc announced that its annual results for the year ended 31 December 2025 will be delayed due to advanced discussions on two potential transactions that will impact the accounts. Consequently, trading in the Company's ordinary shares on AIM will be suspended effective 1 July 2026, as the annual report will not be published by the 30 June 2026 deadline. The Company expects to release the annual report by 31 July 2026, which will allow for the lifting of the suspension, though there is no certainty that binding agreements will be reached.
Select text to share a quote on X · sign in to keep highlights & notes in your KRS notes
Keras Resources plc (AIM: KRS) announces that the audit process is substantially finalised, however the Company is currently in advanced stage discussions around two potential transactions, which will have a bearing on the disclosure in the accounts. As a consequence, there will be a delay in the publication of the annual results for the year ended 31 December 2025, pending the anticipated signing of binding agreements.
As the Annual Report will not be released by 30 June 2026, being the deadline provided by Rule 19 of the AIM Rules for Companies (the "AIM Rules"), trading in the Company's ordinary shares on AIM will be suspended with effect from 7.30am on Wednesday 1 July 2026. The Annual Report is expected to be released as soon as the matters set out above are resolved, which is expected to be no later than 31 July 2026. Release of the Annual Report will permit the Company to request that the suspension is lifted.
In accordance with Rule 41 of the AIM Rules, the admission of the Company's shares to trading on AIM would be cancelled if the Company's shares are suspended from trading for six months.
Whilst the Company expects to enter into binding agreements for potential transactions, there can be no certainty that binding agreements will be reached or the terms of such agreements.
For further information please visit www.kerasplc.com, follow us on Twitter @kerasplc or contact the following:
| Russell Lamming | Keras Resources plc | info@kerasplc.com |
| Nominated Adviser & Joint Broker Ewan Leggat / Jen Clarke Joint Broker Damon Heath / Erik Woolgar | SP Angel Corporate Finance LLP Shard Capital Partners LLP | +44 (0) 20 3470 0470 +44 (0) 207 186 9900 |
Notes:
Keras Resources (AIM: KRS) wholly owns the Diamond Creek organic rock phosphate mine in Utah, US. Diamond Creek is one of the highest-grade organic phosphate deposits in the US and is a fully integrated mine to market operation with in-house mining and processing facilities. The operation produces a variety of organic phosphate products that can be tailored to customer organic fertiliser requirements.
The Company is focused on continuing to increase market share in the fast-growing US organic fertiliser market and build Diamond Creek into the premier organic phosphate producer in the US.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.