RE: question6 Apr 2017 17:26
Share Consolidation
Share
7:00 AM 6 Jun 2014
RNS Number : 9860I
Firestone Diamonds PLC
06 June 2014
6 June 2014
Firestone Diamonds plc
("Firestone" or the "Company") (AIM: FDI)
Share Consolidation
Firestone Diamonds plc, the AIM-quoted diamond development company, is pleased to announce that following completion of the Placing, Open Offer and Subscription in relation to the Fundraising, the Share Capital Reorganisation, as detailed in the circular sent to Shareholders on 11 April 2014 (the "Circular"), will be effective today.
Pursuant to the Share Capital Reorganisation, application has been made for 308,992,814 new ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") to be admitted to trading on AIM today. On admission, the Company will have 308,992,814 Ordinary Shares in issue.
The above figure of 308,992,814 Ordinary Shares 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 to their interest in, Firestone under the FCA's Disclosure and Transparency Rules.
Share certificates in respect of the Ordinary Shares are expected to be dispatched to shareholders by no later than 13 June 2014. Further information on the Share Capital Reorganisation is set out in the Circular.
Unless the context otherwise requires, defined terms used in this announcement shall have the meanings given to them in the Circular.