Issue of Warrants

RNS Number : 6535K

BlueRock Diamonds PLC

12 April 2018

 

12 April 2018

BlueRock Diamonds PLC

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

Issue of Warrants

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"), announces that pursuant to the fundraising announced on 19 March 2018 and the general meeting approval announced on 9 April 2018, it has now issued a total of 33,333,333 warrants to investors. Included in this total is the issue of the following warrants to David Facey (Finance Director) and Paul Beck (Non-Executive Chairman).

Director		Number of Warrants being issued	Total number of share options held	Total number warrants and share options held
David Facey		1,666,666	4,127,088	5,793,754
Paul Beck		1,000,000	2,299,442	3,299,442

*Options are held at different prices.

A further 1,200,000 warrants have also been issued in lieu of certain fees.

The warrants are exercisable at a price of 3.0 pence and are exercisable for a period of 2 years from the date of issue.

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]

David Facey, FD

[e-mail]

SP Angel (NOMAD and Broker)

Stuart Gledhill / Lindsay Mair/Caroline Rowe

[phone]

SVS Securities plc (Joint Broker)

Tom Curran / Ben Tadd [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.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	David Facey
2.	Reason for the notification
a)	Position/status:	Finance Director
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	BlueRock Diamonds plc
b)	LEI:	213800LVSJ2RNI3SSN92
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 instrument, type of instrument: Identification code:	Ordinary shares of 1 pence each  GB00B84H1764
b)	Nature of the transaction:	Issue of Warrants from participation in the Fundraising
c)	Price(s) and volume(s):	Price(s) Volume(s) 3p 1,666,666
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 3p 1,666,666
e)	Date of the transaction:	11 April 2018
f)	Place of the transaction:	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Paul Beck
2.	Reason for the notification
a)	Position/status:	Non-Executive Chairman
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	BlueRock Diamonds plc
b)	LEI:	213800LVSJ2RNI3SSN92
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 instrument, type of instrument: Identification code:	Ordinary shares of 1 pence each  GB00B84H1764
b)	Nature of the transaction:	Issue of Warrants from participation in the Fundraising
c)	Price(s) and volume(s):	Price(s) Volume(s) 3p 1,000,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 3p 1,000,000
e)	Date of the transaction:	11 April 2018
f)	Place of the transaction:	Outside a trading venue

 

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