Exercise of Options, Issue of Equity and TVR

RNS Number : 0792U

BlueRock Diamonds PLC

27 July 2015

BlueRock Diamonds plc (the "Company" or the "Group")

27 July 2015

BlueRock Diamonds (AIM: BRD) announces that it has allotted 607,625 ordinary shares of 1 pence each ("Ordinary Shares") pursuant to the exercise of 157,625 share options by Paul Beck (Non-executive Chairman) at an exercise price of 18 pence per Ordinary Share and 450,000 share options by Riaan Visser (Chief Executive Officer) at an exercise price of 14 pence per Ordinary Share (the "Options"). The funds received by the Group will be used to support working capital.

Application has been made for the 607,625 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on or about 8.00 a.m. on 30 July 2015 ("Admission").

Following Admission, Paul Beck will have a beneficial interest in 1,740,625 Ordinary Shares representing 5.42% of the issued share capital and total voting rights of the Company. Included in Mr Beck's beneficial interest are 410,000 Ordinary Shares held by Front Square Securities Limited, a company wholly owned by Mr Beck and his wife and of which Mr Beck is a director.

Following Admission, Riaan Visser will have a beneficial interest in 650,000 Ordinary Shares representing 2.02% of the issued share capital and total voting rights of the Company.

In accordance with the Disclosure and Transparency Rules, the Company hereby notifies the market that immediately following Admission its issued share capital will consist of 32,132,666 Ordinary Shares. The Company does not hold any shares in treasury. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Following the exercise of the Options, the Company has the following share options in issue, exercisable until 4 September 2018, representing 12.83% of the Company's issued share capital following Admission:

Director	Number of Ordinary Shares subject to Share Options	Tranche 1		Tranche 2		Tranche 3
Director	Number of Ordinary Shares subject to Share Options	Number	Exercise Price (pence)	Number	Exercise Price (pence)	Number	Exercise Price (pence)
P. Beck	315,251	-	-	157,625	40	157,626	55
J. Kilham	472,876	157,625	14	157,625	22	157,626	40
T. Leslie	472,876	157,625	18	157,625	40	157,626	55
A. Markgraaff	472,876	157,625	18	157,625	40	157,626	55
J. Quirk	945,750	315,250	18	315,250	40	315,250	55
R. Visser	1,441,502	180,500	14	630,501	22	630,501	40
Total	4,121,131	968,625	-	1,576,251	-	1,576,255	-