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Pin to quick picksBotswana Diam Regulatory News (BOD)

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Issue of Shares to Vutomi

3 Apr 2017 15:06

RNS Number : 4146B
Botswana Diamonds PLC
03 April 2017
 

3rd April 2017

 

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

 

Issue of Shares to Vutomi

 

Botswana Diamonds announces that, as per the announcement of 6th February 2017, the Company has today issued 3,210,527 ordinary shares of GBP 0.0025 each ("Ordinary Shares") to shareholders of Vutomi Mining Pty Ltd ("Vutomi") at the price of 1.9 pence per Ordinary Share ("New Share(s)") to settle the exclusivity and option fee element of the Company's Option and Earn-In Agreement with Vutomi (the "Agreement").

 

James Campbell, the Company's Managing Director, will receive 486,316 of the New Shares. Following the issue of these New Shares, James Campbell will hold 486,316 Ordinary Shares in the Company, which represents 0.13% of the Company's current issued share capital with voting rights.

 

Application has been made for the New Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM and it is expected that this will take place on or around 7th April 2017 ("Admission").

 

Following the Admission of the New Shares, Botswana Diamonds will have 378,386,408 Ordinary Shares in issue which will also represent the total number of voting rights in the Company. The above figure should 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, the Company under the FCA's Disclosure and Transparency Rules.

 

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

 

 

 

ENDS

 

 

Enquiries:

 

Botswana Diamonds PLC

John Teeling, Chairman

+353 1 833 2833

James Campbell, Managing Director

+27 83 457 3724

Jim Finn, Director

Northland Capital Partners Limited

David Hignell/Gerry Beaney (Corporate Finance)

+44 (0) 203 861 6625

John Howes (Broking)

Dowgate Capital Stockbrokers Limited

Jason Robertson

+44 (0) 129 351 7744

Blytheweigh

+44 (0) 207 138 3204

Camilla Horsfall

+44 (0) 781 784 1793

Nick Elwes

+44 (0) 783 185 1855

Kristina Kazerani

+44 (0) 207 138 3206

Rachael Brooks

PSG Plus

Ciaran Flynn

+353 (0) 1 661 4055

Alan Tyrrell

+353 (0) 1 661 4055

 

www.botswanadiamonds.co.uk

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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