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DMC - DiamondCorp Plc - Issue Of Shares

Release Date: 21/01/2010 14:45
Code(s): DMC
Wrap Text

DMC - DiamondCorp Plc - Issue Of Shares DiamondCorp Plc JSE share code: DMC & AIM share code: DCP ISIN: GB00B183ZC46 (Incorporated in England and Wales) (Registration number 05400982) (SA company registration number 2007/031444/10) ("DiamondCorp" or "the Company") ISSUE OF SHARES DiamondCorp, the southern African diamond mining and exploration company, announces that in accordance with the general authority approved by shareholders at the general meeting held on 8 January 2010, the Company has issued 285,000 fully paid ordinary shares (`new shares`) of 3p par value to Cenkos Securities plc in consideration for commission and corporate advisory fees with respect to the placing of 6,000,000 shares in November 2009. Following the issue there will be 47,516,995 shares on issue. The new shares represent 0.60% of the Company`s issued share capital and will rank pari passu with all existing shares. The Company has applied for the new shares to be listed on the AIM Market of the London Stock Exchange and Alt-X. The admission of the shares to trading on AIM is expected on 27 January 2010. The new shares have been issued at 10 pence per share (the equivalent of R1.21 per share) at the prevailing exchange rate of R12.11 to the pound. Financial effects The issue of the new shares will have no impact on basic loss per share, headline loss per share or tangible net asset value per share. 21 January 2010 London AIM Broker and Nominated Advisor: Cenkos Securities plc Investment Bank and Sponsor: Investec Bank Limited For further information, please contact: Paul Loudon, DiamondCorp plc +44 20 7256 2651 Joe Nally/Liz Bowman/Ivonne Cantu, Cenkos Securities plc +44 20 7397 8900 Robert Smith, Investec Bank Limited +27 11 286 7326 Charmane Russell/Matthew Ross, Russell & Associates +27 11 880 3924 Ana Ribeiro/Tim Blythe, Blythe Weigh Communications +44 20 7138 3204 Date: 21/01/2010 14:45:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.