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19 Dec 2011 09:45
19 December 2011
DiamondCorp plc
JSE share code: DMC & AIM share code: DCP
ISIN: GB00B183ZC46(Incorporated in England and Wales)(Registration number 05400982)(SA company registration number 2007/031444/10)
("DiamondCorp" or "the Company")
Directors' Shareholdings
The Board of DiamondCorp, the Southern African diamond development and exploration company, announces certain corrections to the shareholdings of the Directors of the Company.
Due to an administrative oversight, details of the acquisition of ordinary shares by certain Directors as part of the placing which was announced on 7 December 2010 were included in the circular to shareholders dated 7 December 2010, but not included in the RNS announcement to the market. Details of the Directors' participation in the placing in December 2010 are set out in the table below.
Name | Number of ordinary shares acquired in the placing announced on 7 December 2010 at 8.5p per share |
Paul Robert Loudon | 180,000 |
Euan Arthur Worthington | 290,000 |
Jonathan Willis-Richards | 550,000 |
Richard Nicholas Allen | 29,000 |
George Morton | 84,836 |
As a result of this administrative oversight, certain Directors' shareholdings in the Company have been incorrectly stated in previous market notifications and in the 2010 Annual Report.
As at 16 December 2011, the interests of each of the Directors in the share capital of the Company (all of which are beneficial unless otherwise stated) are as follows:
Name | Number of Ordinary Shares | Percentage of the issued share capital of the Company |
Paul Robert Loudon* | 3,138,052 | 1.30% |
Euan Arthur Worthington | 787,000 | 0.32% |
Jonathan Willis-Richards** | 2,366,666 | 0.98% |
Richard Nicholas Allen | 112,366 | 0.05% |
George Morton*** | 441,979 | 0.18% |
* All of the ordinary shares in which Paul Robert Loudon is beneficially interested are held by Green Dragon Nominees Pty Limited, a company with which he is connected.
** Of the ordinary shares in which Jonathan Willis-Richards is interested 2,086,666 ordinary shares are held by Loeb Aron, a company with which he is connected, and 280,000 are held jointly in his name and that of his wife, Maria Esther Galimberti.
*** All of the ordinary shares in which George Morton is interested are held in his own name and separately from European Islamic Investment Bank plc, one of the Company's substantial shareholders which he continues to represent on the board and in which he has a beneficial interest but in which he does not exercise a control position.
Contact details:
DiamondCorp plc
Paul Loudon, Chief Executive
Tel: +44 20 3151 0970
Fairfax I.S. PLC
AIM Nomad and Broker
Ewan Leggat/Laura Littley
Tel: +44 207 598 5368
Ocean Equities Limited
Guy Wilkes
Tel: +44 207 786 4370
PSG Capital (Pty) Limited
John-Paul Dicks
Tel: +27 21 887 9602
Russell & Associates
Charmane Russell/Marion Brower
Tel: +27 11 880 3924
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