15 Apr 2019 11:49
15 April 2019
Firestone Diamonds plc
("Firestone" or the "Company")
Issue of shares
Firestone Diamonds plc (AIM: FDI) announces that, in accordance with the terms of the US$30.0 million Series A Eurobond debt facility ("Series A Eurobonds"), it has opted to issue, in aggregate, 18,899,464 new ordinary shares of 1 pence each ("Ordinary Shares") in respect of the quarterly interest due on the Series A Eurobonds, for the quarter ended 31 March 2019. As at 31 March 2019, Series A Eurobonds amounting to US$30.0 million had been issued.
Accordingly, the Company will issue, in aggregate, 9,449,732 new Ordinary Shares to Pacific Road Resources Fund II L.P. and Pacific Road Resources Fund II (together "Pacific Road") and 9,449,732 new Ordinary Shares to Resource Capital Fund VI L.P. ("RCF") in respect of the interest due on the Series A Eurobonds, for the quarter ended 31 March 2019.
Application has been made to the London Stock Exchange plc for the new Ordinary Shares to be admitted to trading on AIM. Admission and dealings in the new Ordinary Shares are expected to commence at 8.00 a.m. on 23 April 2019 ("Admission"). On Admission, the Company will have 565,471,782 Ordinary Shares in issue.
The Company does not currently hold any Ordinary Shares in treasury. Accordingly, the above figure of 565,471,782 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Following the issue of the new Ordinary Shares, Pacific Road and RCF will be interested in 161,426,065 and 162,021,377 Ordinary Shares respectively, representing approximately 28.55% and 28.65% respectively of the Company's issued share capital.
For more information please visit: www.firestonediamonds.com or contact:
Firestone Diamonds plc | +44 (0)20 8741 7810 |
Paul Bosma | |
Grant Ferriman | |
Macquarie Capital (Europe) Limited (Nomad and Broker) Nick Stamp Nicholas Harland
| +44 (0)20 3037 2000 |
Tavistock (Public and Investor Relations) | +44 (0)20 7920 3150 |
Jos Simson | |
Gareth Tredway | |
Annabel de Morgan |
Background information on Firestone
Firestone is an international diamond mining company with operations in Lesotho. Firestone commenced commercial production in July 2017 at the Liqhobong Diamond Mine. Liqhobong is owned 75% by Firestone and 25% by the Government of Lesotho. Lesotho is one of Africa's significant new diamond producers, hosting Gem Diamonds' Letšeng Mine, Firestone's Liqhobong Mine, Namakwa Diamonds' Kao Mine and Lucapa's Mothae Mine.
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