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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| West African | LSE:WAD | London | Ordinary Share | GB00B1CQN147 | 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% | 3.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
Hot Features
Premium
TIDMWAD
RNS Number : 6380G
AIM
04 February 2010
+------------------------------------------------------------------+
| ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION |
| IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM |
| RULES") |
+------------------------------------------------------------------+
| |
+------------------------------------------------------------------+
| COMPANY NAME: |
+------------------------------------------------------------------+
| West African Diamonds plc (to be re-named Stellar Diamonds plc) |
| |
+------------------------------------------------------------------+
| COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY |
| TRADING ADDRESS (INCLUDING POSTCODES) : |
+------------------------------------------------------------------+
| 20-22 Bedford Row, London, WC1R 4JS |
| |
+------------------------------------------------------------------+
| COUNTRY OF INCORPORATION: |
+------------------------------------------------------------------+
| England and Wales |
| |
+------------------------------------------------------------------+
| COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY |
| AIM RULE 26: |
+------------------------------------------------------------------+
| www.stellar-diamonds.com |
| |
+------------------------------------------------------------------+
| COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN |
| THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING |
| POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE |
| TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED: |
+------------------------------------------------------------------+
| A diamond exploration, development and production company with |
| assets in Guinea and Sierra Leone. The key short term strategy |
| will be to focus on production and cash flow from its Bomboko |
| and Mandala projects in Guinea. The longer term strategy will |
| involve the development of its advanced high-grade kimberlite |
| exploration projects at Tongo and Kono (in Sierra Leone) and |
| Droujba and Bouro (in Guinea). |
| |
| The admission is a result of a reverse take-over under Rule 14. |
| |
+------------------------------------------------------------------+
| DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS |
| AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and |
| type of shares, nominal value and issue price to which it seeks |
| admission and the number and type to be held as treasury |
| shares): |
+------------------------------------------------------------------+
| 96,931,658 Ordinary shares of GBP0.05 each |
| Issue price of 20p |
| No shares held in treasury |
| |
+------------------------------------------------------------------+
| CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND |
| ANTICIPATED MARKET CAPITALISATION ON ADMISSION: |
+------------------------------------------------------------------+
| GBP5 million |
| Expected market capitalisation is approximately GBP19.4 million |
| |
+------------------------------------------------------------------+
| PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: |
+------------------------------------------------------------------+
| Approximately 37% |
| |
+------------------------------------------------------------------+
| DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE |
| AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES |
| (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED: |
+------------------------------------------------------------------+
| N/A |
| |
+------------------------------------------------------------------+
| FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS |
| (underlining the first name by which each is known or including |
| any other name by which each is known): |
+------------------------------------------------------------------+
| Lord Peter Daresbury (Non-Executive Chairman) |
| Nicholas Karl Smithson (Chief Executive Officer) |
| Angus Alexander Forbes Ogilvie (Finance Director) |
| Luis Guilherme Cabrita da Silva (Non-Executive Director) |
| Steven James Poulton (Non-Executive Director) |
| Paul Rankine (Non-Executive Director) |
| James Andrew Hartley Cambell (Non-Executive Director) |
| |
+------------------------------------------------------------------+
| FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS |
| A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER |
| ADMISSION (underlining the first name by which each is known or |
| including any other name by which each is known): |
+------------------------------------------------------------------+
| |
| Before After |
| African Aura Mining Inc |
| Nil 31.77 |
| Altima Global Special Opportunities Fund Nil |
| 8.39 |
| SearchGold |
| Nil 2.77 |
| Strand Nominees Ltd |
| 11.21 2.08 |
| Marlies Smith |
| 9.67 1.80 |
| K.B. (C.I.) Nominees Ltd |
| 8.00 1.49 |
| African Diamonds |
| 5.56 1.03 |
| TD Waterhouse Nominees Ltd 3.76 |
| 0.70 |
| NutraCo Nominees Ltd |
| 3.69 0.69 |
| |
+------------------------------------------------------------------+
| NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE |
| 2, PARAGRAPH (H) OF THE AIM RULES: |
+------------------------------------------------------------------+
| None |
| |
+------------------------------------------------------------------+
| (i) ANTICIPATED ACCOUNTING |
| REFERENCE DATE |
| (ii) DATE TO WHICH THE MAIN |
| FINANCIAL INFORMATION IN THE ADMISSION |
| DOCUMENT HAS BEEN PREPARED (this may be |
| represented by unaudited interim |
| financial information) |
| (iii) DATES BY WHICH IT MUST |
| PUBLISH ITS FIRST THREE REPORTS PURSUANT |
| TO AIM RULES 18 AND 19: |
+------------------------------------------------------------------+
| (i) 30 June |
| (ii) 31 October 2009 |
| (iii) 30 June 2010, 31 |
| December 2010, 31 March 2011 |
| |
+------------------------------------------------------------------+
| EXPECTED ADMISSION DATE: |
+------------------------------------------------------------------+
| 22 February 2010 |
| |
+------------------------------------------------------------------+
| NAME AND ADDRESS OF NOMINATED ADVISER: |
+------------------------------------------------------------------+
| Royal Bank of Canada Europe Limited |
| 71 Queen Victoria Street |
| London EC4V 4DE |
| |
+------------------------------------------------------------------+
| NAME AND ADDRESS OF BROKER: |
+------------------------------------------------------------------+
| Royal Bank of Canada Europe Limited |
| 71 Queen Victoria Street |
| London EC4V 4DE |
| |
| Astaire Securities plc |
| 30 Old Broad street |
| London EC2N 1HT |
| |
+------------------------------------------------------------------+
| OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE |
| (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE |
| AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL |
| DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: |
+------------------------------------------------------------------+
| www.westafdiamonds.com (from 27 January 2010) and |
| www.stellar-diamonds.com (from 22 February 2010) |
| |
| Royal Bank of Canada Europe Limited, 71 Queen Victoria Street, |
| London, EC4V 4DE (from 27 January 2010 and for a period of one |
| month from 22 February 2010) |
| |
| The Admission Document will contain full details about the |
| applicant and the admission of it securities |
+------------------------------------------------------------------+
| DATE OF NOTIFICATION: |
+------------------------------------------------------------------+
| 4 February 2010 |
| |
+------------------------------------------------------------------+
| NEW/ UPDATE: |
+------------------------------------------------------------------+
| New |
| |
+------------------------------------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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