Appointment of Finance Director

RNS Number : 0708Y

BlueRock Diamonds PLC

01 December 2017

 

1 December 2017

BlueRock Diamonds PLC

("BlueRock" or the "Company" or "BRD")

Appointment of Finance Director

BlueRock Diamonds plc, the AIM listed diamond mining company, which owns and operates the

Kareevlei Diamond Mine in the Kimberley region of South Africa ("Kareevlei"), is pleased to announce the appointment of David Facey as Finance Director effective immediately.

David is a Fellow of the Institute of Chartered Accountants of England and Wales and has over 20 years experience in Corporate Finance and Equity Capital Markets. After working at  PwC, David spent 10 years at HSBC Investment Bank, where he specialised in raising funds in the UK for companies all over the world, particularly in the EMEA region. Throughout his career David has advised governments, large corporates and smaller enterprises on public fund raising, private fund raising and mergers and acquisitions.  In addition, David was a founding partner in SP Angel, an investment banking boutique specialising in advising SMEs on raising funds in the London market, both public and private.

Adam Waugh, Chief Executive Officer of BlueRock Diamonds, commented: "On behalf of the Board I am delighted to announce the appointment of David as Finance Director.  David brings a wealth of experience and knowledge to the role which will be invaluable to the Company.  We look forward to working more closely with David as we seek to implement our growth strategy, creating additional value for our shareholders."

This announcement sets out the disclosures required pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies.

Mr David Alan Facey, aged 55, currently holds or has held the following directorships and partnerships in the last five years:

Current Directorships	Past Directorships
Intoware Limited	VH Nominees Limited
PLS Nominees Limited	SP Angel Corporate Finance LLP
	SP Angel & Co Limited
	Bedford Park Dogs LLP

Mr Facey holds 4,000,000 ordinary shares in the Company through his SIPP representing 2.86 per cent. of the Company's issued share capital. Mr Facey has also been granted 4,127,088 options in the Company.

2,063,544 of these options have an exercise price of 1.25p, a life of 5 years from 10 August 2017 and vest on the later of 1 year from the date of grant and the date that the Company's mid-market share price reaches 3p. 

2,063,544 of these options have an exercise price of 2.25p, life of 5 years from 10 August 2017 and vest on the later of 2 years and the date that the Company's mid-market share price reaches 3p.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

For further information, please contact:

BlueRock Diamonds plc

Adam Waugh, CEO

[e-mail]

SP Angel (NOMAD and Broker)

Stuart Gledhill / Lindsay Mair

[phone]

Yellow Jersey (PR and IR)

Georgia Colkin / Joe Burgess / Katie Bairsto

[phone]

About BlueRock Diamonds plc (AIM: BRD)

BlueRock is a diamond mining company with activities in the Kimberley region of South Africa. BlueRock own a diamond processing plant and the mining right over the Kareevlei Tenements in South Africa.

 

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