Transfer of Convertible Loan Note

RNS Number : 3685E

BlueRock Diamonds PLC

27 February 2020

 

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

27 February 2020

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

Transfer of Convertible Loan Note

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 further to the announcement of 18 February 2020,  the transfer in respect of the sale of part of the Company's existing Convertible Loan Note ("CLN") with a face value of £462,500 from Mr Mark Poole to Mr Tim Leslie has now completed.

The total CLN outstanding is currently £925,000 and has a conversion price of approximately £1.66.  The expiry date of the CLN is 16 October 2021.

**ENDS**

For further information, please visit 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 / Cosima Akerman / Susie Geliher	Tel: [phone]

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. As at November 2018, it was estimated that the remaining Inferred Mineral Resource from the four kimberlite pipes (KV1, KV2, KV3 and KV5) represents a potential inground number of carats of 367,000.

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:	Tim Leslie
2.	Reason for the notification
a)	Position/status:	Non-Executive Director
b)	Initial notification/amendment:	Initial
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 £0.05  GB00BKKJK954
b)	Nature of the transaction:	Purchase of convertible loan note
c)	Price(s) and volume(s):	Prices(s) Volume(s) £462,500 N/A
d)	Aggregated information:  Aggregated volume:  Price:	Single transaction as in 4 c) above
e)	Date of transaction:	18 February 2020
f)	Place of transaction	Outside a trading venue

 

END

 

 

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