14 Jul 2016 07:00
14 June 2016
DiamondCorp plc
AIM share code: DCP & JSE share code: DMC
ISIN: GB00B183ZC46
(Incorporated in England and Wales)
(Registration number 05400982)
(SA company registration number 2007/031444/10)
("DiamondCorp", "the Group" or "the Company")
Grant of Share Options to Director and
Director Dealing Amendment
DiamondCorp, the Southern African diamond mining, development and exploration company, announces the following grant of share option to Chris Ellis, Non-executive Director of the Company.
Mr Ellis was on 13 July 2016 awarded options ("Options") over 300,000 ordinary shares in the capital of the Company. The Options are exercisable at 7.25 pence each and exercisable between the third anniversary and the tenth anniversary of the date of grant, subject to the terms of the Company's Unapproved Share Option Scheme. The exercise price represents a premium of 20.8% to the recent placing price and 9.4% to the closing mid-market share price of 6.625 pence on 13 July 2016.
Director Dealing Amendment
Further to the announcement of 12 July 2016, the Company announces that the resultant shareholding of Jonathan Willis-Richards upon Admission of the Broker Option Shares (as defined in that announcement) is 2,633,562 ordinary shares, representing 0.55% of the enlarged issued share capital upon Admission of the Broker Option Shares. All other figures remain correct.
Contact details:
DiamondCorp plc
Paul Loudon, Chief Executive
Tel: +27 56 216 1300
Euan Worthington, Chairman
Tel: +44 7753 862 097
UK Broker & Nomad
Panmure Gordon (UK) Limited
Adam James/Atholl Tweedie
Tel: +44 20 7886 2500
JSE Designated Advisor
Sasfin Capital (a division of Sasfin Bank Limited)Megan Young
Tel: +27 11 445 8068
SA Corporate Advisor
Qinisele Resources Proprietary Limited
Dennis Tucker/Andrew Brady
Tel: +27 11 883 6358
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail in respect of the option award described above.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Chris Ellis | ||||
2 | Reason for notification | |||||
a) | Position / status | Non-executive Director | ||||
b) | Initial notification / amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | DiamondCorp plc | ||||
b) | LEI | (Pending) | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 0.1 pence each in DiamondCorp plc | ||||
Identification code | ISIN: GB00B183ZC46 | |||||
b) | Nature of the transaction | Award of options over ordinary shares | ||||
c) | Price(s) and volumes(s) |
| ||||
d) | Aggregated information | N/A | ||||
e) | Date of the transaction | 2016-07-13 | ||||
f) | Place of the transaction | London Stock Exchange, AIM (XLON) | ||||