RNS Number : 8021T
Botswana Diamonds PLC
18 November 2019
18 November 2019
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 1,000,000 warrants exercisable at 0.60 pence each, it has today issued 1,000,000 ordinary shares of GBP 0.0025 each ("Ordinary Shares") at the exercise price of 0.60 pence per new share ("New Shares").
Application 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 22 November 2019 ("Admission"). The proceeds of the exercise will be used for additional working capital.
Following the Admission of the 1,000,000 New Shares, Botswana Diamonds will have 627,555,235 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) 596/2014. 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.
Enquiries: | ENDS | |||
Botswana Diamonds PLC | +353 | 1 833 2833 | ||
John Teeling, Chairman | ||||
James Campbell, Managing Director | +27 | 83 457 3724 | ||
Jim Finn, Director | +353 | 1 833 2833 | ||
Beaumont Cornish - Nominated Adviser | +44 | (0) | 020 7628 3396 | |
Michael Cornish | ||||
Roland Cornish | ||||
Beaumont Cornish Limited - Broker | +44 | (0) | 207 628 3396 | |
Roland Cornish | ||||
Felicity Geidt | ||||
Blytheweigh - PR | +44 | (0) | 20 7138 3206 | |
Megan Ray | +44 | (0) | 207 138 3222 | |
Fergus Cowan | +44 | (0) | 207 138 3208 | |
Teneo | +353 | (0) 1 661 4055 | ||
Luke Hogg | ||||
Alan Tyrrell | +353 | (0) 1 661 4055 |
www.botswanadiamonds.co.uk
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.comor visit www.rns.com.
END
Page 1 of 2
IOEDMMMMVRKGLZM
Page 2 of 2
Attachments
- Original document
- Permalink
Disclaimer
Botswana Diamonds plc published this content on 18 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2019 17:29:04 UTC