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FDI Firestone Diamonds Plc

0.20
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Firestone Diamonds Plc LSE:FDI London Ordinary Share GB00BKX59Y86 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.20 0.15 0.25 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Firestone Diamonds PLC Issue of Shares re: Eurobond (2211W)

15/04/2019 11:49am

UK Regulatory


Firestone Diamonds (LSE:FDI)
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RNS Number : 2211W

Firestone Diamonds PLC

15 April 2019

15 April 2019

Firestone Diamonds plc

("Firestone" or the "Company")

Issue of shares

Firestone Diamonds plc (AIM: FDI) announces that, in accordance with the terms of the US$30.0 million Series A Eurobond debt facility ("Series A Eurobonds"), it has opted to issue, in aggregate, 18,899,464 new ordinary shares of 1 pence each ("Ordinary Shares") in respect of the quarterly interest due on the Series A Eurobonds, for the quarter ended 31 March 2019. As at 31 March 2019, Series A Eurobonds amounting to US$30.0 million had been issued.

Accordingly, the Company will issue, in aggregate, 9,449,732 new Ordinary Shares to Pacific Road Resources Fund II L.P. and Pacific Road Resources Fund II (together "Pacific Road") and 9,449,732 new Ordinary Shares to Resource Capital Fund VI L.P. ("RCF") in respect of the interest due on the Series A Eurobonds, for the quarter ended 31 March 2019.

Application has been made to the London Stock Exchange plc for the new Ordinary Shares to be admitted to trading on AIM. Admission and dealings in the new Ordinary Shares are expected to commence at 8.00 a.m. on 23 April 2019 ("Admission"). On Admission, the Company will have 565,471,782 Ordinary Shares in issue.

The Company does not currently hold any Ordinary Shares in treasury. Accordingly, the above figure of 565,471,782 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Following the issue of the new Ordinary Shares, Pacific Road and RCF will be interested in 161,426,065 and 162,021,377 Ordinary Shares respectively, representing approximately 28.55% and 28.65% respectively of the Company's issued share capital.

For more information please visit: www.firestonediamonds.com or contact:

 
                                              +44 (0)20 8741 
 Firestone Diamonds plc                                 7810 
 Paul Bosma 
 Grant Ferriman 
 
 Macquarie Capital (Europe) Limited 
  (Nomad and Broker) 
  Nick Stamp                                  +44 (0)20 3037 
  Nicholas Harland                                      2000 
                                              +44 (0)20 7920 
 Tavistock (Public and Investor Relations)              3150 
 Jos Simson 
 Gareth Tredway 
 Annabel de Morgan 
 

Background information on Firestone

Firestone is an international diamond mining company with operations in Lesotho. Firestone commenced commercial production in July 2017 at the Liqhobong Diamond Mine. Liqhobong is owned 75% by Firestone and 25% by the Government of Lesotho. Lesotho is one of Africa's significant new diamond producers, hosting Gem Diamonds' Letšeng Mine, Firestone's Liqhobong Mine, Namakwa Diamonds' Kao Mine and Lucapa's Mothae Mine.

-ends-

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

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(END) Dow Jones Newswires

April 15, 2019 06:49 ET (10:49 GMT)

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