Exercise of Warrants

RNS Number : 8737P

Botswana Diamonds PLC

12 June 2020

 

12^th June 2020

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 2,000,000 warrants exercisable at 0.60 pence each, it has today issued 2,000,000 ordinary shares of GBP 0.0025 each ("Ordinary Shares") at the exercise price of 0.60 pence per new share ("New Shares").

Application will be 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 18^th June 2020 ("Admission"). The proceeds of the exercise of £12,000 will be used for additional working capital.

Following the Admission of the 2,000,000 New Shares, Botswana Diamonds will have 671,221,902 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 (EU) 596/2024. The person who arranged for the release of this announcement on behalf of the Company was Jim Finn, Director

A copy of this announcement is available on the Company's website, at www.botswanadiamonds.co.uk

ENDS

Enquiries:

Botswana Diamonds PLC John Teeling, Chairman James Campbell, Managing Director Jim Finn, Director	[phone] [phone] [phone]
Beaumont Cornish - Nominated Adviser  Michael Cornish Roland Cornish	[phone]
Beaumont Cornish Limited - Broker  Roland Cornish Felicity Geidt	[phone]
Novum Securities Limited -  Joint Broker  Colin Rowbury	[phone]
Blytheweigh - PR Megan Ray Rachael Brookes	[phone] [phone] [phone]
Teneo Luke Hogg Alan Tyrrell Thomas Shortall	[phone] [phone] [phone]

www.botswanadiamonds.co.uk

 

END

 

 

IOEGPUQCQUPUGAP