Exercise of Warrants

RNS Number : 3051Z

Botswana Diamonds PLC

13 March 2017

 

13^th March 2017

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

Exercise of Warrants

Botswana Diamonds announces that pursuant to the receipt of a conversion notice from a holder of 1,764,700 warrants exercisable at 0.85 pence each, it has today issued 1,764,700 ordinary shares of GBP 0.0025 each ("Ordinary Shares") at the exercise price of 0.85 pence per share new share ("New Share(s)").

Application has been made for the New Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM and it is expected that this will take place on or around 17 March 2017 ("Admission").

Following the Admission of the 1,764,700 New Shares, Botswana Diamonds will have 375,175,881 Ordinary Shares in issue which will also represent the total number of voting rights in the Company.  The above figure should be used by shareholders 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.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

ENDS

Enquiries:

Botswana Diamonds PLC
John Teeling, Chairman	[phone]
James Campbell, Managing Director	[phone]
Jim Finn, Director
Northland Capital Partners Limited
David Hignell/Gerry Beaney (Corporate Finance)	[phone]
John Howes (Broking)
Dowgate Capital Stockbrokers Limited
Jason Robertson	[phone]
Blytheweigh	[phone]
Camilla Horsfall	[phone]
Nick Elwes	[phone]
Rachael Brooks
PSG Plus
Colm Heatley	[phone]
Alan Tyrrell	[phone]

www.botswanadiamonds.co.uk

 

END

 

 

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