25 Jul 2014 07:00
25 July 2014
Firestone Diamonds plc
("Firestone" or the "Company") (AIM: FDI)
Director dealing
Firestone Diamonds plc, the AIM-quoted diamond company, announces that it was notified on 24 July 2014 that Lucio Genovese, Chairman of the Company, was notified on 23 July 2014 that following the winding up of Audley Natural Resources Master Fund, which held 1,564,612 ordinary shares of one pence each in the capital of the Company ("Ordinary Shares"), 302,690 Ordinary Shares had been transferred for nil consideration to him in part settlement of his interest in the fund. The effective date of the transfer was 19 June 2014.
Of the Ordinary Shares transferred to Mr Genovese, 77,351 Ordinary Shares were transferred to Mr Genovese on behalf of a third party and these Ordinary Shares will be transferred for nil consideration to the third party at a future date. Until such time, Mr Genovese is legally interested in these Ordinary Shares.
As a result of the transfer, Mr Genovese is now interested in 1,846,945 Ordinary Shares representing 0.6 per cent. of the Company's issued share capital.
**ENDS**
For more information contact
Firestone Diamonds plc | +44 (0)20 8741 7810 |
Stuart Brown | |
Strand Hanson Limited (Nomad) | +44 (0)20 7409 3494 |
Stuart Faulkner | |
Richard Tulloch | |
James Dance | |
GMP Securities Europe LLP (Joint Broker) | +44 (0)20 7647 2800 |
Richard Greenfield | |
Alexandra Carse | |
Mirabaud Securities LLP (Joint Broker) | |
Rory Scott | +44 (0)20 7878 3360 |
Ed Haig-Thomas | +44 (0)20 7878 3447 |
Tavistock Communications | +44 (0)20 7920 3150 |
Jos Simson | +44 (0)7788 554 035 |
Emily Fenton | |
Nuala Gallagher |
Background information on Firestone
Firestone is an international diamond development company with operations focused on Lesotho and Botswana. Firestone is currently in the process of developing the Main Treatment Plant at the Liqhobong Mine in Lesotho to become a plus-one million carat per annum producer.
Lesotho is emerging as one of Africa's significant new diamond producers, and hosts Gem Diamonds' Letseng Mine, Firestone's Liqhobong Mine, as well as Namakwa Diamonds' Kao Mine and the Mothae development project.
For more information please visit: www.firestonediamonds.com.