1 Mar 2017 07:00
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.
1 March 2017
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")
Directors' Dealings
On 28 February 2017, the Company received notification of the following share purchase transactions in its ordinary shares of 1 pence each ("Ordinary Shares") by certain Directors of the Company, all of which occurred on 28 February 2017:
PMDR | Position | Shares purchased | Price per share | Consideration |
Peter Daresbury | Non-Executive Chairman | 90,000 | 5.50p | £4,950 |
Karl Smithson | Chief Executive & director | 103,247 | 4.85p | £5,007 |
Steven Poulton | Non-executive director | 250,000 | 4.95p | £12,370 |
Following the above share purchases the Directors hold the following numbers of shares in the Company:
Director | Number of shares purchased on 28 February 2017 | Number of shares held subsequent to the share purchases | Percentage holding of issued share capital as at today |
Peter Daresbury | 90,000 | 628,936 | 1.67% |
Karl Smithson | 103,247 | 728,266 | 1.93% |
Steven Poulton | 250,000 | 567,342 | 1.50%
|
Total | 443,247 | 1,924,544 | 5.1% |
As announced on 27 February 2017 certain Directors have also agreed to convert certain accrued fees, salary and benefits up to 31 March 2017 amounting to £72,323 alongside the open offer at the open offer price of 5.5 pence per share ("Director Fee Shares"), and Steven Poulton has subscribed for a further 363,636 ordinary shares at 5.5 pence to raise £20,000 alongside the open offer ("Subscription Shares"). Issue of these Director Fee Shares and Subscription Shares is conditional upon the passing of certain resolutions at the Annual General Meeting to be held on 24 March 2017. The allocation of Director Fee Shares and Subscription Shares to the relevant Directors is set out below. Details of percentage holdings will be announced following the Annual General Meeting and completion of the Open Offer.
Director | Number of Director Fee Shares | Number of Subscription Shares | Total beneficial holding after the issue of the Director Fee Shares and Subscription Shares1 |
Peter Daresbury | 639,358 | - | 1,268,294 |
Karl Smithson | 389,844 | - | 1,118,110 |
Steven Poulton | 285,767 | 363,636 | 1,216,745
|
Total | 1,314,969 | 363,636 | 3,603,149 |
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information contact the following or visit the Company's website at www.stellar-diamonds.com.
Karl Smithson, CEO Philip Knowles, CFO | Stellar Diamonds plc Stellar Diamonds plc | Tel: +44 (0) 20 7010 7686 Tel: +44 (0) 20 7010 7686 |
Emma Earl Sandy Jamieson | Cairn Financial Advisers (Nominated Adviser) | Tel: +44 (0) 20 7213 0880 |
Jon Bellis | Beaufort Securities Limited (Joint Broker) | Tel: +44 (0) 20 7382 8300 |
Martin Lampshire
Rory Scott | Peterhouse Corporate Finance (Joint Broker)
Mirabaud Securities (Financial Advisers) | Tel: +44 (0) 20 7469 0930
Tel: +44 (0) 20 7878 3360 |
Lottie Brocklehurst Charlotte Page | St Brides Partners Ltd (Financial PR) | Tel: +44 (0) 20 7236 1177 |
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Steven Poulton | ||||||
2 | Reason for notification |
| ||||||
a. | Position/Status | Director | ||||||
b. | Initial notification/ Amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | Stellar Diamonds Plc | ||||||
b. | LEI |
| ||||||
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 instrumentIdentification Code | Ordinary Shares of 1 pence each GB00BYZ5QT80 | ||||||
b. | Nature of the transaction | Purchase of shares | ||||||
c. | Price(s) and volume(s) |
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| Price(s) per share | Volume(s) |
| |||||
4.8 pence 4.99 pence 5.25 pence 5.45 pence | 150,000 50,000 25,000 25,000 |
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d. | Aggregated information
- Aggregated Volume
- Price |
250,000 shares
4.95 pence per share | ||||||
e. | Date of the transaction | 28 February 2017 | ||||||
f. | Place of the transaction | London AIM | ||||||
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Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Lord Peter Daresbury | ||||||
2 | Reason for notification |
| ||||||
a. | Position/Status | Director | ||||||
b. | Initial notification/ Amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | Stellar Diamonds Plc | ||||||
b. | LEI |
| ||||||
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 instrumentIdentification Code | Ordinary Shares of 1 pence each GB00BYZ5QT80 | ||||||
b. | Nature of the transaction | Purchase of shares | ||||||
c. | Price(s) and volume(s) |
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| Price(s) per share | Volume(s) |
| |||||
5.5 pence
| 90,000
|
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d. | Aggregated information
- Aggregated Volume
- Price |
90,000 shares
5.5 pence per share | ||||||
e. | Date of the transaction | 28 February 2017 | ||||||
f. | Place of the transaction | London AIM | ||||||
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Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Nicholas Karl Smithson | ||||||
2 | Reason for notification |
| ||||||
a. | Position/Status | Director | ||||||
b. | Initial notification/ Amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | Stellar Diamonds Plc | ||||||
b. | LEI |
| ||||||
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 instrumentIdentification Code | Ordinary Shares of 1 pence each GB00BYZ5QT80 | ||||||
b. | Nature of the transaction | Purchase of shares | ||||||
c. | Price(s) and volume(s) |
|
|
|
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| Price(s) per share | Volume(s) |
| |||||
4.85 pence
| 103,247
|
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| ||||||||
d. | Aggregated information
- Aggregated Volume
- Price |
103,247 shares
4.85 pence per share | ||||||
e. | Date of the transaction | 28 February 2017 | ||||||
f. | Place of the transaction | London AIM | ||||||
**ENDS**