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BOD.GB Botswana Diamond PLC

0.425
0.00 (0.00%)
21 Jun 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Botswana Diamond PLC AQSE:BOD.GB Aquis Stock Exchange Ordinary Share GB00B5TFC825
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.425 0.35 0.50 0.425 0.425 0.425 0.00 06:56:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Botswana Diamonds PLC GBP380,000 Fundraising (7718U)

27/11/2023 11:15am

UK Regulatory


Botswana Diamond (AQSE:BOD.GB)
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From Jun 2023 to Jun 2024

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TIDMBOD

RNS Number : 7718U

Botswana Diamonds PLC

27 November 2023

27(th) November 2023

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

GBP380,000 Fundraising

The Board of Botswana Diamonds (AIM: BOD) is pleased to announce that it has today undertaken a fundraising consisting of a placing and subscription with existing and new investors to raise GBP380,000 via the issue of 76,000,000 new ordinary shares of GBP0.0025 each in the Company ("Ordinary Shares") (the "Placing Shares"), at a placing price of 0.5p per Placing Share (the "Placing Price"). Each Placing Share has one warrant attached with the right to subscribe for one new Ordinary Share at 0.5p per new Ordinary Share for a period of two years from 27 November 2023 (the "Placing Warrants").

The Placing Shares will rank pari passu with the Company's existing Ordinary Shares. Application will be made for the Placing Shares to be admitted to trading on AIM and it is expected that such admission will become effective on or around 11(th) December 2023 ("Admission").

Use of Net Proceeds

The Company's current operational focus is on explorational activities at its assets in Botswana and South Africa. Net proceeds from the Placing will be applied towards a continuation of these activities, and to provide additional working capital for the Company.

Total Voting Rights

In conformity with the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority ("FCA"), the Company announces the following:

Following the issue of the Placing Shares, there will be a total of 1,119,877,899 Ordinary Shares in issue with each Ordinary Share carrying the right to one vote. The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights is 1,119,877,899. The above figure 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 to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR").

A copy of this announcement is available on the Company's website, at www.botswanadiamonds.co.uk

Enquiries:

 
Botswana Diamonds PLC 
 John Teeling, Chairman                +353 1 833 2833 
 James Campbell, Managing Director     +27 83 457 3724 
 Jim Finn, Director                    +353 1 833 2833 
Nominated & Financial Adviser 
 Strand Hanson Limited 
 Ritchie Balmer 
 Rory Murphy 
 David Asquith                       +44 (0) 20 7409 3494 
Broker 
 First Equity Limited 
 Jason Robertson                     +44 (0) 207 374 2212 
Public Relations 
 BlytheRay                           +44 (0) 207 138 3206 
 Megan Ray                            +44 (0) 207 138 3553 
 Said Izagaren                        +44 (0) 207 138 3206 
Teneo 
 Luke Hogg                             +353 (0) 1 661 4055 
 Alan Tyrrell                          +353 (0) 1 661 4055 
 

www.botswanadiamonds.co.uk

ENDS

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END

MSCKZMZMGNLGFZM

(END) Dow Jones Newswires

November 27, 2023 06:15 ET (11:15 GMT)

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