30 Nov 2018 07:00
BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
30 November 2018
BlueRock Diamonds PLC ('BlueRock' or the 'Company')
Update on Claims by a Former Company Director
and Total Voting Rights
BlueRock Diamonds plc, the AIM listed diamond mining company which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa, announces an update on claims made by Mr Visser, a former Director of the Company.
Mr Visser has submitted a claim for ZAR 975,000 (approximately £55,000) in relation to the use of a generator in 2016. This amount had originally been included in his original claim announced on 23 February 2017 but subsequently removed by him. The Company's legal advice is that Mr Visser's claims have no merit and the Company intends to defend them vigorously.
Total Voting Rights
In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, BlueRock Diamonds hereby announces that it has 443,524,243 ordinary shares of 0.01p each in issue, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 443,524,243.
The above figure of 443,524,243 may be used by shareholders in the Company 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 FCA's Disclosure and Transparency Rules.
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 BlueRock's website www.bluerockdiamonds.co.uk or contact:
BlueRock Diamonds PLC Adam Waugh, CEO David Facey, FD |
awaugh@bluerockdiamonds.co.uk dfacey@bluerockdiamonds.co.uk |
SP Angel (NOMAD and Broker) Stuart Gledhill/Caroline Rowe |
Tel: +44 (0)20 3470 0470 |
SVS Securities plc (Joint Broker) Tom Curran |
Tel: +44 (0)20 3700 0100 |
Turner Pope Investments (Joint Broker) Lewis Jones/Andy Thacker |
Tel: +44 (0) 20 3621 4120 |
St Brides Partners Ltd (Financial PR) Lottie Wadham / 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 3 September 2018, it was estimated that the remaining Inferred Mineral Resource from the three kimberlite pipes (KV1, KV2 and KV3) represents a potential inground value of circa US$124 million at a current average run of mine diamond value of US$362/carat.