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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bluerock Diamonds Plc | LSE:BRD | London | Ordinary Share | GB00BKKJK954 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMBRD
RNS Number : 2476G
BlueRock Diamonds PLC
02 November 2018
BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
2 November 2018
BlueRock Diamonds PLC ("BlueRock" or "Group" or "Company" or "BRD")
Confirmation of Directors' Participation in Fundraising
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"), is pleased to announce that further to the announcement regarding the fundraising made earlier today (the "Fundraising") the Board has approved the participation of the following Directors of BlueRock:
Hot Features
Premium
GBP Number of ordinary
shares of 0.01p
Adam Waugh CEO) 50,000 16,666,667
------- -------------------
Paul Beck (Non-Executive
Director) 10,000 3,333,333
------- -------------------
David Facey (Finance
Director) 25,000 8,333,333
------- -------------------
Total 85,000 36,666,666
------- -------------------
Director Dealings and Related Party Transaction
Adam Waugh, David Facey and Paul Beck have subscribed for 16,666,667, 8,333,333 and 3,333,333 New Shares in the Fundraising respectively. Adam Waugh, David Facey and Paul Beck are considered to be "related parties" as defined under the AIM Rules and accordingly, their participation in the Fundraising constitutes a related party transaction for the purposes of Rule 13 of the AIM Rules.
The Director independent of the Fundraising, being Tim Leslie (Non-Executive Director), considers, having consulted with the Company's nominated adviser, that the terms of Adam Waugh, David Facey and Paul Beck's participations in the Fundraising are fair and reasonable insofar as the Company's shareholders are concerned.
Following the Fundraising, Adam Waugh, David Facey and Paul Beck's shareholdings will be as follows:
Director No. of Ordinary No. of New No. of Ordinary % interest
Shares held Shares subscribed Shares held immediately in Ordinary
as at date for in the following admission shares
of this announcement Fundraising immediately
following
admission
Adam Waugh 6,566,273 16,666,667 23,232,940 5.2%
---------------------- ------------------- ------------------------- -------------
David Facey 5,666,666 8,333,333 13,999,999 3.2%
---------------------- ------------------- ------------------------- -------------
Paul Beck 4,680,643 3,333,333 8,013,976 1.8%
---------------------- ------------------- ------------------------- -------------
Details of the Fundraising
Application will be made for the New Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will commence on or around 9 November 2018.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
**S**
For further information, please visit BRD's website www.bluerockdiamonds.co.uk or contact:
BlueRock Diamonds PLC
Adam Waugh, CEO awaugh@bluerockdiamonds.co.uk
David Facey, FD dfacey@bluerockdiamonds.co.uk
SP Angel (NOMAD and Broker)
Stuart Gledhill/ Lindsay Mair/Caroline Tel: +44 (0)20 3470 0470
Rowe
--------------------------------
SVS Securities plc (Joint Broker)
Tom Curran Tel: +44 (0)20 3700 0100
--------------------------------
Turner Pope Investments (Joint
Broker) Tel: +44 (0) 20 3621 4120
Lewis Jones/Andy Thacker
--------------------------------
St Brides Partners Ltd (Financial
PR) Tel: +44 (0)20 7236 1177
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.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: David Facey
--------------------------------- ---------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------
a) Position/status: Finance Director
--------------------------------- ---------------------------------------
b) Initial notification/Amendment: Initial notification
--------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name: BlueRock Diamonds
plc
--------------------------------- ---------------------------------------
b) LEI: 213800LVSJ2RNI3SSN92
--------------------------------- ---------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------------
a) Description of the financial Ordinary shares of
instrument, type of instrument: 0.01 pence each
Identification code: GB00B84H1764
--------------------------------- ---------------------------------------
b) Nature of the transaction: Participation in the
Fundraising
--------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
0.3p 8,333,333
----------
--------------------------------- ---------------------------------------
d) Aggregated information: Single transaction
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: 0.3p 8,333,333
----------
--------------------------------- ---------------------------------------
e) Date of the transaction: 2 November 2018
--------------------------------- ---------------------------------------
f) Place of the transaction: Outside a trading
venue
--------------------------------- ---------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Paul Beck
--------------------------------- ---------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------
a) Position/status: Non-executive Director
--------------------------------- ---------------------------------------
b) Initial notification/Amendment: Initial notification
--------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name: BlueRock Diamonds
plc
--------------------------------- ---------------------------------------
b) LEI: 213800LVSJ2RNI3SSN92
--------------------------------- ---------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------------
a) Description of the financial Ordinary shares of
instrument, type of instrument: 0.01 pence each
Identification code: GB00B84H1764
--------------------------------- ---------------------------------------
b) Nature of the transaction: Participation in the
Fundraising
--------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
0.3p 3,333,333
----------
--------------------------------- ---------------------------------------
d) Aggregated information: Single transaction
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: 0.3p 3,333,333
----------
--------------------------------- ---------------------------------------
e) Date of the transaction: 2 November 2018
--------------------------------- ---------------------------------------
f) Place of the transaction: Outside a trading
venue
--------------------------------- ---------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Adam Waugh
--------------------------------- ---------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------
a) Position/status: CEO
--------------------------------- ---------------------------------------
b) Initial notification/Amendment: Initial notification
--------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name: BlueRock Diamonds
plc
--------------------------------- ---------------------------------------
b) LEI: 213800LVSJ2RNI3SSN92
--------------------------------- ---------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------------
a) Description of the financial Ordinary shares of
instrument, type of instrument: 0.01 pence each
Identification code: GB00B84H1764
--------------------------------- ---------------------------------------
b) Nature of the transaction: Participation in the
Fundraising
--------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
0.3p 16,666,667
-----------
--------------------------------- ---------------------------------------
d) Aggregated information: Single transaction
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: 0.3p 16,666,667
-----------
--------------------------------- ---------------------------------------
e) Date of the transaction: 2 November 2018
--------------------------------- ---------------------------------------
f) Place of the transaction: Outside a trading
venue
--------------------------------- ---------------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DSHUUANRWBAARAA
(END) Dow Jones Newswires
November 02, 2018 12:19 ET (16:19 GMT)
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