6 Aug 2019 10:05
BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
6 August 2019
BlueRock Diamonds PLC ('BlueRock' or the 'Company')
Update on Broker
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"), notes from the news story published on the Financial Conduct Authority ("FCA") website on 5 August 2019, that the directors of SVS Securities Plc ("SVS") have placed SVS into Special Administration. The FCA's announcement disclosed that the FCA has imposed requirements requiring SVS to cease all regulated activities and restricting it from disposing of its own or its clients' assets. SVS was a joint broker to BlueRock however as a result of these developments, SVS will no longer be able to provide broking services to the Company.
SP Angel Corporate Finance LLP and Turner Pope Investments will continue to act as joint brokers to BlueRock.
Market Abuse Regulation (MAR) Disclosure - Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
**ENDS**
For further information, please visit BRD's website www.bluerockdiamonds.co.uk or contact:
BlueRock Diamonds PLC Mike Houston, Executive Chairman David Facey, FD | Tel: +44 (0)20 7236 1177 |
SP Angel (NOMAD and Joint Broker) Stuart Gledhill / Caroline Rowe | Tel: +44 (0)20 3470 0470 |
Turner Pope Investments (Joint Broker) Lewis Jones/Andy Thacker | Tel: +44 (0) 20 3621 4120 |
St Brides Partners Ltd (Financial PR) Melissa Hancock / Juliet Earl | Tel: +44 (0)20 7236 1177 |
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.