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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Firestone Diamonds Plc | LSE:FDI | London | Ordinary Share | GB00BKX59Y86 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.20 | 0.15 | 0.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMFDI
RNS Number : 6175K
Firestone Diamonds PLC
10 July 2017
10 July 2017
Firestone Diamonds plc
("Firestone" or the "Company") (AIM: FDI)
Issue of shares
Firestone Diamonds plc, the AIM-quoted diamond mining company, announces that, in accordance with the terms of the US$30.0 million Eurobond debt facility ("Eurobonds"), it has opted to issue, in aggregate, 1,096,208 new ordinary shares of 1 pence each ("Ordinary Shares") in respect of the quarterly interest due on the Eurobonds, for the quarter ended 30 June 2017. As at 30 June 2017, Eurobonds amounting to US$30.0 million had been issued.
Accordingly, the Company will issue, in aggregate, 548,104 new Ordinary Shares to Pacific Road Resources Fund II L.P. and Pacific Road Resources Fund II (together "Pacific Road") and 548,104 new Ordinary Shares to Resource Capital Fund VI L.P. ("RCF") in respect of the interest due on the Eurobonds, for the quarter ended 30 June 2017.
Application has been made to the London Stock Exchange plc for the new Ordinary Shares to be admitted to trading on AIM. Admission and dealings in the new Ordinary Shares is expected to commence at 8.00 a.m. on 14 July 2017. On Admission, the Company will have 318,568,100 Ordinary Shares in issue.
The Company does not currently hold any Ordinary Shares in treasury. Accordingly, the above figure of 318,568,100 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Following the issue of the new Ordinary Shares, Pacific Road and RCF will be interested in 75,636,874 and 76,232,186 Ordinary Shares respectively, representing approximately 23.74% and 23.93% respectively of the Company's issued share capital.
For more information contact:
+44 (0)20 8741 Firestone Diamonds plc 7810 Stuart Brown +44 (0)20 7409 Strand Hanson Limited (Nomad) 3494 Stuart Faulkner Richard Tulloch James Dance Macquarie Capital (Europe) Limited (Joint Broker) Raj Khatri +44 (0)20 3037 Nick Stamp 2000 Mirabaud Securities LLP (Joint Broker) +44 (0)20 7878 Rory Scott 3360 +44 (0)20 7878 Ed Haig-Thomas 3447 Tavistock (Public and Investor +44 (0)20 7920 Relations) 3150 +44 (0)7788 554 Jos Simson 035 Emily Fenton
Background information on Firestone
Firestone is an international diamond mining company with operations focused on Lesotho. Firestone is currently in the process of commencing production at the Liqhobong Mine in Lesotho to become a one million carat per annum producer.
Lesotho is emerging as one of Africa's significant new diamond producers, and hosts Gem Diamonds' Letseng Mine, Firestone's Liqhobong Mine, as well as Namakwa Diamonds' Kao Mine.
For more information please visit: www.firestonediamonds.com.
**ENDS**
This information is provided by RNS
The company news service from the London Stock Exchange
END
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July 10, 2017 09:18 ET (13:18 GMT)
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