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Notice to Noteholders regarding the Funding Update and Strategic Review of DiamondCorp PLC
Soapstone Investment Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/011940/06)
Soapstone stock code: DMCCB
ISIN: ZAE000180204
DiamondCorp share code: DMC
(“Soapstone”)
NOTICE TO NOTEHOLDERS REGARDING THE FUNDING UPDATE AND STRATEGIC REVIEW
OF DIAMONDCORP PLC
Noteholders are advised of the Stock Exchange News Service (“SENS”)
announcement released, on the alternative exchange of the JSE Limited
(“the JSE”) in terms of the Diamond Corp PLC (“DiamondCorp” or “the
Company”) Strategic Review on 14 October 2016 whereby DiamondCorp, the
Guarantor to the Soapstone ZAR40,000,000.00 14% Fixed Rate Senior Secured
Convertible Registered Bonds, has entered into a takeover period, under
which the Board of DiamondCorp is able to enter into discussions with
interested parties in such a transaction on a confidential basis.
Noteholders are further advised of the SENS announcement released on 14
October 2016, regarding the Funding Update of Diamond Corp, where the
Company announced that the third party with whom the Company has been in
advanced discussions for the provision of a convertible debt facility has
withdrawn from such discussions due to the adverse movement in the
Company’s share price, however, the Company accelerated discussions with
shareholders and other third parties with a view to securing the
necessary additional funding of c.£500,000 to satisfy immediate financial
commitments, with no assurances provided.
Soapstone wishes to advise note holders that the above mentioned
announcement does not affect the terms and conditions of the Guarantee
and should there be adjustments to the convertible price as a result of
the above, the adjustments will be announced on SENS accordingly.
7 November 2016
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 07/11/2016 11:00:00 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.
