BlueRock Diamonds PLC Issue of Warrants (6535K)

TIDMBRD

RNS Number : 6535K

BlueRock Diamonds PLC

12 April 2018

12 April 2018

BlueRock Diamonds PLC

("BlueRock" or the "Company" or "BRD")

Issue of Warrants

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 pursuant to the fundraising announced on 19 March 2018 and the general meeting approval announced on 9 April 2018, it has now issued a total of 33,333,333 warrants to investors. Included in this total is the issue of the following warrants to David Facey (Finance Director) and Paul Beck (Non-Executive Chairman).

 
 Director        Number         Total       Total 
                  of Warrants    number      number 
                  being          of share    warrants 
                  issued         options     and share 
                                 held        options 
                                             held 
-------------   -------------  ----------  ----------- 
 David Facey     1,666,666      4,127,088   5,793,754 
--------------  -------------  ----------  ----------- 
 Paul Beck       1,000,000      2,299,442   3,299,442 
--------------  -------------  ----------  ----------- 
 

*Options are held at different prices.

A further 1,200,000 warrants have also been issued in lieu of certain fees.

The warrants are exercisable at a price of 3.0 pence and are exercisable for a period of 2 years from the date of issue.

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.

For further information, please contact:

BlueRock Diamonds plc

Adam Waugh, CEO

[e-mail]

David Facey, FD

[e-mail]

SP Angel (NOMAD and Broker)

Stuart Gledhill / Lindsay Mair/Caroline Rowe

[phone]

SVS Securities plc (Joint Broker)

Tom Curran / Ben Tadd [phone]

Yellow Jersey (PR and IR)

Georgia Colkin / Joe Burgess / Katie Bairsto

[phone]

About BlueRock Diamonds plc (AIM: BRD)

BlueRock is a diamond mining company with activities in the Kimberley region of South Africa. BlueRock own a diamond processing plant and the mining right over the Kareevlei Tenements in South Africa.

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 
       instrument, type of instrument:    of 1 pence each 
       Identification code:               GB00B84H1764 
---  ---------------------------------  --------------------------------------- 
 b)   Nature of the transaction:         Issue of Warrants 
                                          from participation 
                                          in the Fundraising 
---  ---------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s):              Price(s)   Volume(s) 
                                           ---------  ---------- 
                                            3p         1,666,666 
                                           ---------  ---------- 
---  ---------------------------------  --------------------------------------- 
 d)   Aggregated information:            Single transaction 
       Aggregated volume:                 as in 4 c) above Price(s)   Volume(s) 
       Price:                             ---------  ---------- 
                                           3p         1,666,666 
                                          ---------  ---------- 
---  ---------------------------------  --------------------------------------- 
 e)   Date of the transaction:           11 April 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 
                                          Chairman 
---  ---------------------------------  --------------------------------------- 
 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 
       instrument, type of instrument:    of 1 pence each 
       Identification code:               GB00B84H1764 
---  ---------------------------------  --------------------------------------- 
 b)   Nature of the transaction:         Issue of Warrants 
                                          from participation 
                                          in the Fundraising 
---  ---------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s):              Price(s)   Volume(s) 
                                           ---------  ---------- 
                                            3p         1,000,000 
                                           ---------  ---------- 
---  ---------------------------------  --------------------------------------- 
 d)   Aggregated information:            Single transaction 
       Aggregated volume:                 as in 4 c) above Price(s)   Volume(s) 
       Price:                             ---------  ---------- 
                                           3p         1,000,000 
                                          ---------  ---------- 
---  ---------------------------------  --------------------------------------- 
 e)   Date of the transaction:           11 April 2018 
---  ---------------------------------  --------------------------------------- 
 f)   Place of the transaction:          Outside a trading 
                                          venue 
---  ---------------------------------  --------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 12, 2018 02:01 ET (06:01 GMT)