We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| 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 Apr 2019 to Apr 2024
TIDMBRD
RNS Number : 3964D
BlueRock Diamonds PLC
18 February 2020
BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
18 February 2020
BlueRock Diamonds PLC ('BlueRock' or the 'Company')
Grant of Options and Transfer of Convertible Loan Note
BlueRock Diamonds PLC, the AIM listed diamond producer, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa, announces the grant of certain share options as set out below.
Grant of 2019 Target Options
Following the Company's announcement of earlier today, a total of 130,320 share options ("2019 Target Options") over ordinary shares of 5 pence each in the Company ("Ordinary Shares") have been awarded to Mike Houston, Executive Chairman of the Company, and Gus Simbanegavi, Chief Executive Officer of Kareevlei Mining Pty Ltd and from tomorrow, Chief Operating Officer of the Company. As announced on 16 May 2019, the 2019 Target Options were to be issued subject to the Company's 2019 production exceeding 12,000 carats. Accordingly, as the Company produced 14,033 carats in the year, the 2019 Target Options have now been granted and have vested today.
The 2019 Target Options are exercisable at 85p, being the price of the placing announced earlier today. The 2019 Target Options have a duration of five years.
Grant of 2020 Share Options
In addition, the Company has made the following award of share options today ("2020 Share Options").
Hot Features
Premium
Number Price
Mike Houston 116,404 85p
-------- ------
David Facey 116,404 85p
-------- ------
Gus Simbanegavi 232,807 85p
-------- ------
Total 465,615
-------- ------
The 2020 Share Options are exercisable at 85p, being the price of the placing announced earlier today. In addition, the 2020 Share Options have a duration of five years and vest in two tranches: 50% on 18 February 2021 and 50% on 18 February 2022.
2020 Share Options Total Percentage
2019 Target Options Options Previously Options Under Option*
Name Granted Granted Granted* Held
Mike Houston 65,160 116,404 97,740 279,304 5.1%
David Facey - 116,404 65,160 181,564 3.3%
Gus Simbanegavi 65,160 232,807 65,160 363,127 6.6%
--------------------- ------------------------ ----------- ------------ ---------- ---------------
Total 130,320 465,615 228,060 823,995 15.0%
* options at 50p per share exercise price
** following admission of the Tranche 1 and Tranche 2 placing shares announced earlier today
The total share options in issue, at 15% of the Company's share capital as enlarged by the recent placing, is in line with the Company's stated limit.
Transfer of Convertible Loan Note
The Company has received notice of, and today approved, a transfer in respect to the sale of part of the Company's existing Convertible Loan Note with a face value of GBP462,500 from Mr Mark Poole to Mr Tim Leslie, a non-executive director of the Company. The total Convertible Loan Note outstanding is currently GBP925,000 and following today's placing has a conversion price of approximately GBP1.66.
**S**
For further information, please visit BRD's website www.bluerockdiamonds.co.uk or contact:
BlueRock Diamonds PLC mhouston@bluerockdiamonds.co.uk
Mike Houston dfacey@bluerockdiamonds.co.uk
David Facey, FD
SP Angel (NOMAD and Joint Broker) Tel: +44 (0)20 3470 0470
Stuart Gledhill / Caroline Rowe
---------------------------------
Turner Pope Tel: +44 (0)203 657 0050
Andy Thacker
---------------------------------
St Brides Partners Ltd (Financial
PR) Tel: +44 (0)20 7236 1177
Isabel de Salis / Susie Geliher
/ Cosima Akerman
---------------------------------
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 November 2018, it was estimated that the remaining Inferred Mineral Resource from the four kimberlite pipes (KV1, KV2, KV3 and KV5) represents a potential inground number of carats of 367,000.
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: M ike Houston
-------------------------------- --------------------------------------
2. Reason for the notification
------------------------------------------------------------------------
a) Position/status: E xecutive Chairman
-------------------------------- --------------------------------------
b) Initial notification/amendment: Initial
-------------------------------- --------------------------------------
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 GBP0.05
instrument, type of GB00BKKJK954
instrument:
Identification code:
-------------------------------- --------------------------------------
b) Nature of the transaction: Grant of Options
-------------------------------- --------------------------------------
c) Price(s) and volume(s): 2019 options Prices(s) Volume(s)
85
pence 65,160
----------
2020 options Prices(s) Volume(s)
85
pence 116,404
----------
-------------------------------- --------------------------------------
d) Aggregated information: Multiple transactions as
Aggregated volume: in 4 c) above
Price:
-------------------------------- --------------------------------------
e) Date of transaction: 18 February 2020
-------------------------------- --------------------------------------
f) Place of transaction Outside a trading venue
-------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Gus Simbanegavi
-------------------------------- -------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status: Chief Executive Officer of
Kareevlei Mining Pty Ltd
-------------------------------- -------------------------------------
b) Initial notification/amendment: Initial
-------------------------------- -------------------------------------
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 GBP0.05
instrument, type of
instrument: B00BKKJK954
Identification code:
-------------------------------- -------------------------------------
b) Nature of the transaction: Grant of Options
-------------------------------- -------------------------------------
c) Price(s) and volume(s): 2019 options Volume(s)
Prices(s)
85 pence 65,160
----------
2020 options Prices(s) Volume(s)
85
pence 232,807
----------
-------------------------------- -------------------------------------
d) Aggregated information: Multiple transactions as
Aggregated volume: in 4 c) above
Price:
-------------------------------- -------------------------------------
e) Date of transaction: 18 February 2020
-------------------------------- -------------------------------------
f) Place of transaction Outside a trading venue
-------------------------------- -------------------------------------
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
-------------------------------- -------------------------------------
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 GBP0.05
instrument, type of
instrument: B00BKKJK954
Identification code:
-------------------------------- -------------------------------------
b) Nature of the transaction: Grant of Options
-------------------------------- -------------------------------------
c) Price(s) and volume(s): 2020 options Prices(s) Volume(s)
85
pence 116,404
----------
-------------------------------- -------------------------------------
d) Aggregated information: Multiple transactions as
Aggregated volume: in 4 c) above
Price:
-------------------------------- -------------------------------------
e) Date of transaction: 18 February 2020
-------------------------------- -------------------------------------
f) Place of 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
DSHMZGMZRRNGGZM
(END) Dow Jones Newswires
February 18, 2020 13:29 ET (18:29 GMT)
1 Year Bluerock Diamonds Chart |
1 Month Bluerock Diamonds Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
