BlueRock Diamonds PLC Board Change and Director's Disclosure (2413H)

TIDMBRD

RNS Number : 2413H

BlueRock Diamonds PLC

13 November 2018

BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources

13 November 2018

BlueRock Diamonds PLC ('BlueRock' or the 'Company')

Board Change and Director's Disclosure

BlueRock Diamonds plc, the AIM listed diamond mining company which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa ("Kareevlei"), announces that Paul Beck has today resigned as Non-Executive Director of the Company with immediate effect. The Board wishes to thank Paul, a founder director of the Company, for the support and commitment he has shown the Company over the last 6 years. Paul wishes Michael Houston every success as the Company's new Chairman and will remain available as a consultant to the Company.

In accordance with AIM Rule 17, the Company announces that Non-Executive Director of the Company, Timothy Leslie and James Caird Asset Management LLP (an entity of which Mr. Leslie is a partner and owner) reached a voluntary settlement (the "Settlement") with the Securities and Exchange Commission of the United States of America ("SEC") on 2 June 2016 (Administrative Proceeding File No. 3-17276); the full details of which can be found on the SEC website at https://www.sec.gov/litigation/admin/2016/ia-4413.pdf . The SEC acknowledged the assistance of the U.K.'s Financial Conduct Authority ("FCA") in respect of this matter.

Tim Leslie was at the time of the Settlement and remains an FCA approved person, performing a number of significant influence functions in relation to JCAM Investments Limited (a Company authorised by the FCA and wholly owned by Mr Leslie). No action was taken by the FCA in respect of the matters the subject of the Settlement.

Contact:

 
 BlueRock Diamonds PLC                [e-mail] 
  Adam Waugh, CEO                      [e-mail] 
  David Facey, FD 
 SP Angel (NOMAD and Broker)          Tel: [phone] 
  Stuart Gledhill / Caroline Rowe 
                                    -------------------------------- 
 SVS Securities plc (Joint Broker) 
  Tom Curran                           Tel: [phone] 
                                    -------------------------------- 
 Turner Pope Investments (Joint 
  Broker)                              Tel: [phone] 
  Lewis Jones/Andy Thacker 
                                    -------------------------------- 
 St Brides Partners Ltd (Financial    Tel: [phone] 
  PR) 
  Lottie Wadham / Juliet Earl 
                                    -------------------------------- 
 

Notes to editors:

BlueRock Diamonds is an AIM-listed diamond producer which operates the Kareevlei Diamond Mine near Kimberley in South Africa which produces diamonds of exceptional quality and ranks in the top ten in the world in terms of average value per carat. The Kareevlei licence area covers 3,000 hectares and hosts five known diamondiferous kimberlite pipes. As at 3 September 2018, it was estimated that the remaining Inferred Mineral Resource from the three kimberlite pipes (KV1, KV2 and KV3) represents a potential inground value of circa US$124 million at a current average run of mine diamond value of US$362/carat.

For further information, please visit BRD's website www.bluerockdiamonds.co.uk

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November 13, 2018 11:15 ET (16:15 GMT)