Diamondcorp Plc Rule 2.9 Announcement (1155N)
21 October 2016 - 5:00PM
UK Regulatory
TIDMDCP
RNS Number : 1155N
Diamondcorp Plc
21 October 2016
21 October 2016
DiamondCorp plc
AIM share code: DCP & JSE share code: DMC
ISIN: GB00B183ZC46
(Incorporated in England and Wales)
(Registration number 05400982)
(SA company registration number 2007/031444/10)
("DiamondCorp", "the Group" or "the Company")
Rule 2.9 Announcement - Relevant Securities in Issue
Further to the Company's announcements on 18 October 2016 and 20
October 2016, and in accordance with Rule 2.9 of the Takeover Code,
as at the date of this announcement, there are the following
classes and numbers of relevant securities in issue:
-- 478,739,580 ordinary shares of 0.1 pence each, admitted to
trading on the AIM Market of the London Stock Exchange and on AltX
of the Johannesburg Stock Exchange. The International Securities
Identification Number for the ordinary shares is GB00B183ZC46.
-- 276,839,478 deferred ordinary shares of 2.9 pence each. The
deferred ordinary shares do not entitle the holders to (a) receive
notice of or attend and vote at any general meeting of the Company;
(b) to receive any dividend or other distribution; or (c) to
participate in any return on capital on winding up, other than the
nominal amount paid on such shares following a substantial
distribution of ordinary shares in the Company. The deferred
ordinary shares effectively have a zero value, are non-transferable
and have no effect on the economic interest of the holders of
ordinary shares.
-- GBP2,013,942.73 of senior secured UK bonds, incorporating
capitalised interest, due for repayment on 14 December 2018.
Pursuant to their terms, any request for conversion can currently
be settled at the absolute discretion of the Company with ordinary
shares at 5.59 pence per share or the cash equivalent of the number
of underlying shares multiplied by the share price at the time of
conversion.
-- ZAR40,000,000 of senior secured South African bonds, due for
repayment on 14 December 2018. Pursuant to their terms, any request
for conversion can currently be settled at the absolute discretion
of the Company with ordinary shares at ZAR 0.81 per share or the
cash equivalent of the number of underlying shares multiplied by
the share price at the time of conversion.
-- A Shariah-compliant secured convertible financing facility,
in the amount of GBP400,000 currently drawn down out of a total
maximum amount of GBP700,000, with a maturity date of 15 December
2016, convertible at the discretion of the provider on maturity of
the facility (or earlier in certain circumstances) into new
ordinary shares at the equivalent of a 30 per cent. discount to the
average daily volume weighted average price of ordinary shares
across each trading day from the date of the agreement of the
facility to the date of conversion.
Contact details:
DiamondCorp plc
Paul Loudon, Chief Executive
Tel: +27 56 216 1300
Chris Ellis, Interim Chairman-designate
Tel: +44 (0) 20 3151 0970
UK Broker & Nomad
Panmure Gordon (UK) Limited
Adam James/Karri Vuori/Atholl Tweedie
Tel: +44 20 7886 2500
JSE Designated Advisor
Sasfin Capital (a division of Sasfin Bank Limited)
Megan Young
Tel: +27 11 445 8068
SA Corporate Advisor
Qinisele Resources Proprietary Limited
Dennis Tucker/Andrew Brady
Tel: +27 11 883 6358
This information is provided by RNS
The company news service from the London Stock Exchange
END
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