BlueRock Diamonds PLC Transfer of Convertible Loan Note (3685E)

TIDMBRD

RNS Number : 3685E

BlueRock Diamonds PLC

27 February 2020

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

27 February 2020

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

Transfer of Convertible Loan Note

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 further to the announcement of 18 February 2020, the transfer in respect of the sale of part of the Company's existing Convertible Loan Note ("CLN") with a face value of GBP462,500 from Mr Mark Poole to Mr Tim Leslie has now completed.

The total CLN outstanding is currently GBP925,000 and has a conversion price of approximately GBP1.66. The expiry date of the CLN is 16 October 2021.

**ENDS**

For further information, please visit www.bluerockdiamonds.co.uk or contact:

 
 BlueRock Diamonds PLC 
  Mike Houston                         [e-mail] 
  David Facey, FD                        [e-mail] 
 SP Angel (NOMAD and Broker) 
  Stuart Gledhill / Caroline Rowe             Tel: [phone] 
                                    ---------------------------------- 
 St Brides Partners Ltd (Financial 
  PR)                                         Tel: [phone] 
  Isabel de Salis / Cosima Akerman 
  / Susie Geliher 
                                    ---------------------------------- 
 

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:                                   Tim Leslie 
     --------------------------------------  ------------------------------- 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status:                        Non-Executive 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                      Ordinary shares of GBP0.05 
       financial instrument,                   GB00BKKJK954 
       type of instrument: 
       Identification code: 
     --------------------------------------  ------------------------------- 
 b)   Nature of the transaction:              Purchase of convertible 
                                               loan note 
     --------------------------------------  ------------------------------- 
 c)   Price(s) and volume(s):                   Prices(s)    Volume(s) 
                                                 GBP462,500   N/A 
                                                             ---------- 
     --------------------------------------  ------------------------------- 
 d)   Aggregated information:                 Single transaction as in 
       Aggregated volume:                      4 c) above 
       Price: 
     --------------------------------------  ------------------------------- 
 e)   Date of transaction:                    18 February 2020 
     --------------------------------------  ------------------------------- 
 f)   Place of transaction                    Outside a trading venue 
     --------------------------------------  ------------------------------- 
 

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END

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February 27, 2020 06:45 ET (11:45 GMT)