7 Aug 2018 07:08
BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
7 August 2018
BlueRock Diamonds PLC ('BlueRock' or the 'Company')
Update on Claims by a Former Director to the Company
BlueRock Diamonds PLC, the AIM listed diamond producer, which owns and operates the Kareevlei Diamond Mine ('Kareevlei') in the Kimberley region of South Africa, announces an update on the court process instigated by the Company's former CEO, Riaan Visser.
Further to the Company's announcement of 2 February 2018, a court hearing has been scheduled for 10 August 2018 to consider Mr. Visser's application to place the Company's operating subsidiary, Kareevlei Mining (Pty) Ltd in provisional liquidation. BlueRock's legal advice remains that the provisional liquidation application instituted by Mr Visser is without merit and further announcements will be made in due course as appropriate.
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 Adam Waugh, CEO David Facey, FD |
awaugh@bluerockdiamonds.co.uk dfacey@bluerockdiamonds.co.uk |
SP Angel (NOMAD and Joint Broker) Stuart Gledhill / Lindsay Mair/Caroline Rowe |
Tel: +44 (0)20 3470 0470 |
SVS Securities (Joint Broker) Tom Curran / Ben Tadd |
Tel: +44 (0) 20 3700 0100 |
St Brides Partners Ltd (Financial PR) Lottie Wadham / Juliet Earl |
Tel: +44 (0)20 7236 1177 |