Update on claims by former director to the Company

RNS Number : 7463D

BlueRock Diamonds PLC

02 February 2018

 

2 February 2018

BlueRock Diamonds PLC

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

Update on claims by a former director to the Company

BlueRock Diamonds plc, the AIM listed diamond mining company, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa announces that, further to the Company's announcement of 23 February 2017 relating to certain claims made by the Company's former CEO, Riaan Visser, the Company has received notice that Mr. Visser, and certain companies controlled by him, intend to apply to place the Company's operating subsidiary, Kareevlei Mining (Pty) Ltd in provisional liquidation. 

As previously noted, the Company has taken legal advice and remains of the view that based on currently available information the claims are without merit. No material new information has been provided by Mr. Visser at this stage. Accordingly, the Company intends to vigorously defend itself in this matter.

Further updates will be provided as appropriate.

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]

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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