Number of Broker Option Shares

Transcription

1 DiamondCorp plc AIM share code: DCP & JSE share code: DMC (Incorporated in England and Wales) (Registration number ) (SA company registration number 2007/031444/10) ("DiamondCorp", "the Company" or the Group ) Exercise of Broker Option, and directors dealings DiamondCorp, the Southern African diamond mining, development and exploration company, announces that, further to the Fundraise announced on 7 July 2016, Panmure Gordon (UK) Limited has exercised in full the Broker Option in respect of 8,481,660 new s of 0.1 pence each in the Company (the Broker ). The net proceeds of the Broker Option will be used for working capital purposes. The Broker are being issued at a price of 6 pence per Broker Option Share (being equal to the Placing Price) and will be issued on the same terms and conditions as the Placing Shares pursuant to the Placing. All of the proceeds of 0.5 million arising from the issue of the Broker will, after deduction of commissions and expenses, be received by the Company. The Broker Option is conditional, inter alia, on admission of the Broker to trading on the AIM Market of the London Stock Exchange plc ( AIM ) becoming effective by no later than 8.00 a.m. on 15 July 2016 or such other date (being not later than 8.00 a.m. on 29 July 2016) as the Company and Panmure Gordon may agree. Application has been made for the Broker to be admitted to trading on AIM and on the Alternative Exchange of the JSE Limited ( AltX ). Settlement for and admission of the Broker Option Shares on AIM is expected to take place on 15 July It is anticipated that admission to trading on AltX will take place before 19 July The Company's enlarged issued capital following the admission of the Broker will be 478,739,580 s. DiamondCorp does not hold any ordinary shares in treasury. The following directors of the Company are participating in the Broker Option at the Placing Price, with the resultant beneficial shareholdings as described below: Percentage of enlarged Name Number of Broker Shareholding upon Admission of Broker share capital upon Admission of Broker Euan Worthington 420,000 3,227, % Paul Loudon 416,667 7,394, % Jonathan Willis-Richards 83,333 2,583, % Chris Ellis 83,333 83, % The Market Abuse Regulation ( MAR ) became effective from 3 July Market soundings, as defined in MAR, were taken in respect of the Fundraise with the result that certain persons became aware of inside information, as permitted by MAR. That inside information is set out in this announcement and has been disclosed as soon as possible in accordance with paragraph 7 of article 17 of MAR. Therefore, those persons that received inside information in a market sounding are no longer in possession of inside information relating to the Company and its securities.

2 Capitalised terms in this announcement, unless otherwise defined, have the same meaning given to them in the announcement issued by the Company on 7 July All times referred to in this announcement are London times. Contact details: DiamondCorp plc Paul Loudon, Chief Executive Tel: Euan Worthington, Chairman Tel: UK Broker, Sole Placing Agent & Nominated Adviser Panmure Gordon (UK) Limited Adam James / Tom Salvesen / Atholl Tweedie Tel: JSE Designated Adviser Sasfin Capital (a division of Sasfin Bank Limited) Megan Young Tel: SA Corporate Adviser Qinisele Resources Proprietary Limited Dennis Tucker / Andrew Brady Tel: The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail in respect of the directors participation in the Broker Option Euan Worthington a) Name Euan Worthington a) Position / status Chairman

3 420,000 new ordinary Paul Loudon a) Name Paul Loudon a) Position / status Chief Executive Officer 416,667 new ordinary Jonathan Willis-Richards a) Name Jonathan Willis-Richards a) Position / status Non-Executive Director

4 83,333 new ordinary Chris Ellis a) Name Christopher Ellis a) Position / status Non-Executive Director 83,333 new ordinary

5 12 JULY 2016 Johannesburg Sponsor: Sasfin Capital (a division of Sasfin Bank Limited)