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Exercise of Broker Option, and directors’ dealings
DiamondCorp plc
AIM share code: DCP & JSE share code: DMC
ISIN: GB00B183ZC46
(Incorporated in England and Wales)
(Registration number 05400982)
(SA company registration number 2007/031444/10)
("DiamondCorp", "the Company" or “the Group”)
Exercise of Broker Option, and directors’ dealings
DiamondCorp, the Southern African diamond mining, development and exploration company,
announces that, further to the Fundraise announced on 7 July 2016, Panmure Gordon (UK)
Limited has exercised in full the Broker Option in respect of 8,481,660 new ordinary shares of
0.1 pence each in the Company (the “Broker Option Shares”). The net proceeds of the Broker
Option will be used for working capital purposes.
The Broker Option Shares are being issued at a price of 6 pence per Broker Option Share
(being equal to the Placing Price) and will be issued on the same terms and conditions as the
Placing Shares pursuant to the Placing. All of the proceeds of £0.5 million arising from the
issue of the Broker Option Shares will, after deduction of commissions and expenses, be
received by the Company.
The Broker Option is conditional, inter alia, on admission of the Broker Option Shares to
trading on the AIM Market of the London Stock Exchange plc (“AIM”) becoming effective by
no later than 8.00 a.m. on 15 July 2016 or such other date (being not later than 8.00 a.m. on
29 July 2016) as the Company and Panmure Gordon may agree. Application has been made
for the Broker Option Shares to be admitted to trading on AIM and on the Alternative
Exchange of the JSE Limited (“AltX”). Settlement for and admission of the Broker Option
Shares on AIM is expected to take place on 15 July 2016. It is anticipated that admission to
trading on AltX will take place before 19 July 2016.
The Company's enlarged issued ordinary share capital following the admission of the Broker
Option Shares will be 478,739,580 ordinary shares. DiamondCorp does not hold any ordinary
shares in treasury.
The following directors of the Company are participating in the Broker Option at the Placing
Price, with the resultant beneficial shareholdings as described below:
Percentage of enlarged
Shareholding upon share capital upon
Number of Broker Admission of Broker Admission of Broker
Name Option Shares Option Shares Option Shares
Euan Worthington 420,000 3,227,766 0.67%
Paul Loudon 416,667 7,394,271 1.54%
Jonathan Willis-Richards 83,333 2,583,562 0.54%
Chris Ellis 83,333 83,333 0.02%
The Market Abuse Regulation (“MAR”) became effective from 3 July 2016. Market soundings,
as defined in MAR, were taken in respect of the Fundraise with the result that certain persons
became aware of inside information, as permitted by MAR. That inside information is set out
in this announcement and has been disclosed as soon as possible in accordance with
paragraph 7 of article 17 of MAR. Therefore, those persons that received inside information in
a market sounding are no longer in possession of inside information relating to the Company
and its securities.
Capitalised terms in this announcement, unless otherwise defined, have the same meaning
given to them in the announcement issued by the Company on 7 July 2016. All times referred
to in this announcement are London times.
Contact details:
DiamondCorp plc
Paul Loudon, Chief Executive
Tel: +27 56 216 1300
Euan Worthington, Chairman
Tel: +44 7753 862 097
UK Broker, Sole Placing Agent & Nominated Adviser
Panmure Gordon (UK) Limited
Adam James / Tom Salvesen / Atholl Tweedie
Tel: +44 20 7886 2500
JSE Designated Adviser
Sasfin Capital (a division of Sasfin Bank Limited)
Megan Young
Tel: +27 11 445 8068
SA Corporate Adviser
Qinisele Resources Proprietary Limited
Dennis Tucker / Andrew Brady
Tel: +27 11 883 6358
The notification below, made in accordance with the requirements of the EU Market Abuse
Regulation, provides further detail in respect of the directors’ participation in the Broker Option
described above.
Euan Worthington
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Euan Worthington
2 Reason for notification
a) Position / status Chairman
b) Initial notification / amendment Initial
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name DiamondCorp plc
b) LEI (Pending)
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 Ordinary shares of 0.1 pence each in DiamondCorp plc
instrument, type of instrument
Identification code ISIN: GB00B183ZC46
b) Nature of the transaction Purchase of new ordinary shares of 0.1 pence each in
DiamondCorp plc, pursuant to the Broker Option
described above.
c) Price(s) and volumes(s) Price(s) Volume(s)
GBP 0.06 per new 420,000 new ordinary
ordinary share shares purchased
d) Aggregated information N/A
e) Date of the transaction 2016-07-11
f) Place of the transaction London Stock Exchange, AIM (XLON)
Paul Loudon
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Paul Loudon
2 Reason for notification
a) Position / status Chief Executive Officer
b) Initial notification / amendment Initial
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name DiamondCorp plc
b) LEI (Pending)
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 Ordinary shares of 0.1 pence each in DiamondCorp plc
instrument, type of instrument
Identification code ISIN: GB00B183ZC46
b) Nature of the transaction Purchase of new ordinary shares of 0.1 pence each in
DiamondCorp plc, pursuant to the Broker Option
described above.
c) Price(s) and volumes(s) Price(s) Volume(s)
GBP 0.06 per new 416,667 new ordinary
ordinary share shares purchased
d) Aggregated information N/A
e) Date of the transaction 2016-07-11
f) Place of the transaction London Stock Exchange, AIM (XLON)
Jonathan Willis-Richards
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Jonathan Willis-Richards
2 Reason for notification
a) Position / status Non-Executive Director
b) Initial notification / amendment Initial
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name DiamondCorp plc
b) LEI (Pending)
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 Ordinary shares of 0.1 pence each in DiamondCorp plc
instrument, type of instrument
Identification code ISIN: GB00B183ZC46
b) Nature of the transaction Purchase of new ordinary shares of 0.1 pence each in
DiamondCorp plc, pursuant to the Broker Option
described above.
c) Price(s) and volumes(s) Price(s) Volume(s)
GBP 0.06 per new 83,333 new ordinary
ordinary share shares purchased
d) Aggregated information N/A
e) Date of the transaction 2016-07-11
f) Place of the transaction London Stock Exchange, AIM (XLON)
Chris Ellis
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Christopher Ellis
2 Reason for notification
a) Position / status Non-Executive Director
b) Initial notification / amendment Initial
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name DiamondCorp plc
b) LEI (Pending)
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 Ordinary shares of 0.1 pence each in DiamondCorp plc
instrument, type of instrument
Identification code ISIN: GB00B183ZC46
b) Nature of the transaction Purchase of new ordinary shares of 0.1 pence each in
DiamondCorp plc, pursuant to the Broker Option
described above.
c) Price(s) and volumes(s) Price(s) Volume(s)
GBP 0.06 per new 83,333 new ordinary
ordinary share shares purchased
d) Aggregated information N/A
e) Date of the transaction 2016-07-11
f) Place of the transaction London Stock Exchange, AIM (XLON)
12 JULY 2016
Johannesburg
Sponsor: Sasfin Capital (a division of Sasfin Bank Limited)
Date: 12/07/2016 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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