DIAMONDCORP PLC - Grant of share options and directors dealings

Grant of share options and directors dealings

DiamondCorp plc

 (Incorporated in England and Wales)
(Registration number 05400982)
(SA company registration number 2007/031444/10)
 AIM share code: DCP
JSE share code: DMC
ISIN: GB00B183ZC46
("DiamondCorp" or "the Company")

Grant of Share Options and Directors’ Dealings

DiamondCorp, the Southern African diamond development and exploration company,
announces the grant of share options to directors and certain employees of the
Group.

Options over a total of 4,500,000 new shares (“New Share Options”), representing
1.4 per cent of the Company’s issued share capital, were granted on [23] September
2014 at an exercise price of 8.5 pence per ordinary share, exercisable for a period of
10 years from the date of grant, subject to the terms of the Company’s Unapproved
Share Option Scheme. The exercise price represents a premium of 4% to the closing
mid-market share price of 7.0 pence on 23 September 2014.

The allocation of the New Share Options to Directors is detailed in the following table:

Directors                Position                  Share Exercise         Total number
                                                  Options price in            of Share
                                                  granted  pence          Options held

Paul Loudon              CEO                      800,000         8.5        3,335,000

Euan Worthington         Chairman                 400,000         8.5        2,770,000

Jonathan Willis-         Non-executive            300,000         8.5          580,000
Richards                 Director

Nicholas Allen           Non-executive            300,000         8.5          580,000
                         Director

Michael Toxvaerd         Non-executive            300,000         8.5          300,000
                         Director

Hulme Scholes            Non-executive            300,000         8.5          300,000
                         Director

                                    TOTAL       2,400,000                    7,865,000
The balance of 2,100,000 New Share Options were awarded to a total of nine key
employees.

Following these grants, the total number of shares under option is 12,845,000
representing 9.21% of the Company’s share capital of 318,365,478 ordinary shares.


Contact details:

DiamondCorp plc
Paul Loudon, Chief Executive
Tel: +27 56 216 1300
Euan Worthington, Chairman
Tel: +44 7753 862 097

UK Broker and Nomad
Panmure Gordon (UK) Limited
Dominic Morley/Adam James
Tel: +44 20 7886 2500

JSE Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Megan Young
Tel: +27 11 445 8068


25 September 2014

Date: 25/09/2014 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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