Results of General Meeting and Board Appointment

RNS Number : 3082M

BlueRock Diamonds PLC

20 September 2021

 

BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources

20 September 2021

BlueRock Diamonds PLC ('BlueRock' or the 'Company')

Results of General Meeting and Board Appointment

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 that at its general meeting ('GM') held earlier today, the resolution was duly passed. The breakdown of votes at the meeting was as follows:

Resolution Number	In Favour	Against	Withheld
1	3,745,851	2,373	-

Further to shareholder approval at the GM, and in accordance with the Circular released on 2 September 2021, the Company will proceed to issue the New Convertible Loan Notes to the Teichmann Concert Party to refinance the Simple Loan Notes issued on 27 August 2021.

Teichmann has exercised its previously held right to appoint a director to the Board and accordingly, Gary Teichmann will be appointed to the Board as a non-executive director with effect from 20 September 2021.  Gary Teichmann is Executive Chairman of the Teichmann Group and a seasoned professional in the mining, construction and agriculture sectors in Africa.  As a co-founder of the Teichmann Group, he has been an instrumental force in the growth of the business and the Board believe that his experience and extensive networks in the southern African mining industry will prove invaluable as the Company looks to realise its strategy at the Kareevlei Diamond Mine.

Gary Teichmann, a co-founder member of the Teichmann Group, does not hold any direct interest in the Company; however, through his directorships and majority interests in various companies within the Teichmann Group, is considered to be a member of the Teichmann Concert Party which currently collectively holds 3,785,556 Ordinary Shares of the Company, representing 26.8% of the Company.

The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies in relation to Gary Hamilton Teichmann, aged 54:

Current directorships and/or partnerships:

Former directorships and/or partnerships (within the last five years):

Teichmann Holdings (Pty) Ltd Teichmann South Africa (Pty) Ltd Teichmann Plant Hire (Pty) Ltd - Namibia Branch Teichmann Structures (Pty) Ltd Ndungane Construction (Pty) Ltd T3 Projects (Pty) Ltd Teichmann Civils (Pty) Ltd Midlands Civils (Pty) Ltd Proud Heritage Properties 119 (Pty) Ltd Sector Five Trading 41 (Pty) Ltd Dusty Moon Investments 20 (Pty) Ltd Festival Bay Trading 56 (Pty) Ltd T3 Drilling SA (Pty) Ltd T3 Holdings SA (Pty) Ltd The Legacy Experience (Pty) Ltd Hemyock Kiwis (Pty) Ltd TPH Properties LDA TPH Moçambique LDA Teichmann Tungeni Construction (Pty) Limited

N/A

There are no further disclosures required under Schedule 2(g) of the AIM Rules for Companies.

**ENDS**

For further information, please visit BRD's website www.bluerockdiamonds.co.uk or contact:

BlueRock Diamonds PLC Mike Houston David Facey, FD	[e-mail] [e-mail]
SP Angel (NOMAD and Broker) Stuart Gledhill / Caroline Rowe	Tel: [phone]
St Brides Partners Ltd (Financial PR) Isabel de Salis / Susie Geliher	[e-mail]

Notes to editors:

BlueRock Diamonds is an AIM-listed diamond producer which operates the Kareevlei Diamond Mine near Kimberley in South Africa which produces diamonds of exceptional quality and ranks in the top ten in the world in terms of average value per carat. The Kareevlei licence area covers 3,000 hectares and hosts five known diamondiferous kimberlite pipes with a combined inferred resource of 10.4 million tonnes / 516,200 carats (February 2021); based on its planned production of 1 million tonnes per annum, this provides a minimum 10-year life of mine.

 

END

 

 

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