15 Sep 2017 07:00
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.
15 September 2017
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")
PDMR Dealing
Further to the announcement dated 11 September 2017 Stellar Diamonds plc, the Company confirms the issue of new ordinary shares in the Company to Directors and senior management in lieu of accrued fees, remuneration and expenses as follows:
Director/Senior Manager | Number of Fee Shares | Total beneficial holding after issue of the Fee Shares | % holding following Admission1 |
Peter Daresbury (Director) | 565,439 | 1,833,733 | 3.34% |
Karl Smithson (Director) | 365,728 | 1,454,9012 | 2.65% |
Hansjörg Plaggemars (Director) | 587,862 | 587,862 | 1.07% |
Steven Poulton (Director) | 0 | 1,456,7452 | 2.66% |
Rowan Carr | 445,657 | 1,037,404 | 1.89% |
Phillip Knowles | 13,751 | 125,814 | 0.23% |
Total | 1,978,437 | 6,496,459 | 11.84% |
1 Admission to trading of the Placing Shares and Fee Shares today as defined in the announcement dated 11 September 2017.
2 These figure replace the holdings of 1,483,838 and 1,216,745 ordinary shares respectively which were stated in the announcement of 11 September 2017, having omitted the Directors dealings' announced on 8 and 9 June 2017 due to clerical error. In addition, the holding of 27,839 shares of Karl Smithson's daughter who has turned 18 since 8 June 2017 have now been omitted from Karl Smithson's stated beneficial holding.
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
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 |
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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 |
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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 eachGB00BYZ5QT80 | ||||||
b. | Nature of the transaction | Issue of new Ordinary Shares at 3.25p per share in lieu of remuneration and expenses owed | ||||||
c. | Price(s) and volume(s) |
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| Price(s) per share | Volume(s) |
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3.25 pence |
565,439
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d. | Aggregated information
- Aggregated Volume - Price |
565,439 £18,377 | ||||||
e. | Date of the transaction | 8:00 am 14 September 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 |
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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 |
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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 eachGB00BYZ5QT80 | ||||||
b. | Nature of the transaction | Issue of new Ordinary Shares at 3.25p per share in lieu of remuneration and expenses owed | ||||||
c. | Price(s) and volume(s) |
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| Price(s) per share | Volume(s) |
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3.25 pence | 365,728 |
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d. | Aggregated information
- Aggregated Volume - Price |
365,728 £11,886 | ||||||
e. | Date of the transaction | 8:00 am 14 September 2017 | ||||||
f. | Place of the transaction | London AIM | ||||||
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 | Hansjorg Plaggemars | ||||||
2 | Reason for notification |
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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 |
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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 eachGB00BYZ5QT80 | ||||||
b. | Nature of the transaction | Issue of new Ordinary Shares at 3.25p per share in lieu of remuneration and expenses owed | ||||||
c. | Price(s) and volume(s) |
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| Price(s) per share | Volume(s) |
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3.25 pence | 587,862 |
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d. | Aggregated information
- Aggregated Volume - Price |
587,862 £19,106 | ||||||
e. | Date of the transaction | 8:00 am 14 September 2017 | ||||||
f. | Place of the transaction | London AIM | ||||||
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 | Rowan Carr | ||||||
2 | Reason for notification |
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a. | Position/Status | Senior Manager | ||||||
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 |
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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 eachGB00BYZ5QT80 | ||||||
b. | Nature of the transaction | Issue of new Ordinary Shares at 3.25p per share in lieu of remuneration and expenses owed | ||||||
c. | Price(s) and volume(s) |
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| Price(s) per share | Volume(s) |
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3.25 pence | 445,657 |
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d. | Aggregated information
- Aggregated Volume - Price |
445,657 £14,484 | ||||||
e. | Date of the transaction | 8:00 am 14 September 2017 | ||||||
f. | Place of the transaction | London AIM | ||||||
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 | Philip Knowles | ||||||
2 | Reason for notification |
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a. | Position/Status | Chief Financial Officer | ||||||
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 |
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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 eachGB00BYZ5QT80 | ||||||
b. | Nature of the transaction | Issue of new Ordinary Shares at 3.25p per share in lieu of remuneration and expenses owed | ||||||
c. | Price(s) and volume(s) |
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| Price(s) per share | Volume(s) |
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3.25 pence | 13,751 |
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d. | Aggregated information
- Aggregated Volume - Price |
13,751 £447 | ||||||
e. | Date of the transaction | 8:00 am 14 September 2017 | ||||||
f. | Place of the transaction | London AIM | ||||||
Karl Smithson, CEO Philip Knowles, CFO | Stellar Diamonds plc Stellar Diamonds plc | Tel: +44 (0) 20 7164 6371 Tel: +44 (0) 20 7164 6371 |
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 |
Tim Blythe Nick Elwes | Blytheweigh (Financial PR) | Tel: +44 (0) 20 7138 3204 |
About Stellar Diamonds plc
Stellar is an AIM listed (AIM: STEL) diamond development company focused on the 4.5 million carat high-grade and high value Tongo-Tonguma kimberlite diamond project in the world famous diamond fields of eastern Sierra Leone. An independently generated mine plan, based on over 66,000m of drilling that has been completed to date, envisages the production of over 4 million carats, generating gross revenues of more than US$1.2 billion, over a 21 year life of mine. Initial production at Tongo-Tonguma is scheduled to occur in the first year of development, building up to over 200,000 carats per annum, with a weighted average modelled diamond value of $229 per carat. The Tongo-Tonguma mine is estimated to give Stellar an attributable a Post-tax NPV(8) of US$109 million and IRR of 30%.