22 Sep 2016 16:45
22 September 2016
Firestone Diamonds plc
("Firestone" or the "Company") (AIM: FDI)
Director dealing
Firestone Diamonds plc, the AIM-quoted diamond development company, announces that it was notified on 22 September 2016, that Lucio Genovese, Non-Executive Chairman of the Company, has purchased 1,000,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at 44.5 pence per share Ordinary Share on 22 September 2016.
As a result of the purchase, Mr Genovese is now interested in 2,846,944 Ordinary Shares representing approximately 0.91 per cent. of the Company's issued share capital.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Raffaele (Lucio) Genovese | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Non - Executive Chairman of the Company | ||||
b) | Initial notification/amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Firestone Diamonds plc | ||||
b) | LEI | NA | ||||
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 1 pence each | ||||
Identification code | GB00BKX59Y86 | |||||
b) | Nature of the Transaction | Purchase of ordinary shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
e) | Date of the transaction | 22 September 2016 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
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 | |
Macquarie Capital (Europe) Limited (Joint Broker) | |
Raj Khatri | +44(0)20 3037 2000 |
Nick Stamp | |
Mirabaud Securities LLP (Joint Broker) | |
Rory Scott | +44 (0)20 7878 3360 |
Ed Haig-Thomas | +44 (0)20 7878 3447 |
Tavistock (Public and Investor Relations) | +44 (0)20 7920 3150 |
Jos Simson | +44 (0)7788 554 035 |
Emily Fenton |
Background information on Firestone
Firestone is an international diamond development company with operations focused on Lesotho. Firestone is currently in the process of developing the Liqhobong Mine Development Project in Lesotho to become a 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.
**ENDS**