Diamondcorp Plc Form 8 (OPD) offeree - DiamondCorp plc (7999N)
31 October 2016 - 6:00PM
UK Regulatory
TIDMDCP
RNS Number : 7999N
Diamondcorp Plc
31 October 2016
FORM 8 (OPD)
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser: DiamondCorp plc
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(b) Owner or controller of interests and short positions disclosed, if different from 1(a): N/A
The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s),
settlor and beneficiaries must be named.
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(c) Name of offeror/offeree in relation to whose relevant securities this form relates: DiamondCorp plc
Use a separate form for each offeror/offeree
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(d) Is the discloser the offeror or the offeree? OFFEREE
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(e) Date position held: 28 October 2016
The latest practicable date prior to the disclosure
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(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect NO
of any other party to the offer?
If it is a cash offer or possible cash offer, state "N/A"
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2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in
more than one class of relevant securities of the offeror or
offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for
each additional class of relevant security.
(a) Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates
Class of relevant security:
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Interests Short positions
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Number % Number %
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(1) Relevant securities owned and/or controlled: N/A N/A
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(2) Cash-settled derivatives: N/A N/A
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(3) Stock-settled derivatives (including options) and agreements to purchase/sell: N/A N/A
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TOTAL: N/A N/A
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All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions
(including traded options), or agreements to purchase or sell
relevant securities, should be given on a Supplemental Form 8 (Open
Positions).
Details of any securities borrowing and lending positions or
financial collateral arrangements should be disclosed on a
Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities
Class of relevant security in relation to which subscription right exists: N/A
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Details, including nature of the rights concerned and relevant percentages: N/A
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3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
Details of any interests, short positions and rights to subscribe (including directors' and
other employee options) of any person acting in concert with the party to the offer making
the disclosure:
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(a) Interests of directors of DiamondCorp plc (and their close relatives and related trusts)
in ordinary shares of DiamondCorp plc:
Director Number of ordinary Percentage of
shares total issued
ordinary share
capital
(%) (to 3 d.p.)
---------------------------- ------------------- -----------------
Paul Loudon* 7,394,271 1.545
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Jonathan Willis-Richards** 2,633,562 0.550
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Chris Ellis 83,333 0.017
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* All of the ordinary shares in which Paul Loudon is beneficially interested are held by Green
Dragon Nominees Pty Limited, a company with which he is connected.
** Of the ordinary shares in which Jonathan Willis-Richards is interested, 2,086,666 ordinary
shares are held by Loeb Aron & Company Limited, a company with which he is connected, and
280,000 are held jointly in his name and that of his wife, Maria Esther Galimberti.
(b) Interests of directors of DiamondCorp plc in ordinary shares of DiamondCorp plc under
DiamondCorp share option scheme:
Director Maximum Exercise Vesting Expiry
number price date date
of ordinary (pence)
shares
awarded
-------------------------- ------------- --------- ------------- -------------
24 January
Paul Loudon 690,000 31 Vested 2017
-------------------------- ------------- --------- ------------- -------------
18 August
1,860,000 5 Vested 2020
-------------------------- ------------- --------- ------------- -------------
23 September 22 September
800,000 8.5 2017 2024
-------------------------- ------------- --------- ------------- -------------
24 January
Jonathan Willis-Richards 280,000 31 Vested 2017
-------------------------- ------------- --------- ------------- -------------
23 September 22 September
300,000 8.5 2017 2024
-------------------------- ------------- --------- ------------- -------------
23 September 22 September
Michael Toxvaerd 300,000 8.5 2017 2024
-------------------------- ------------- --------- ------------- -------------
23 September 22 September
Hulme Scholes 300,000 8.5 2017 2024
-------------------------- ------------- --------- ------------- -------------
14 June 13 June
Chris Ellis 300,000 7.25 2019 2026
-------------------------- ------------- --------- ------------- -------------
(c) Interests of directors of DiamondCorp plc under the DiamondCorp plc senior secured UK
bond with conversion rights:
Director Current value Percentage of
(incorporating UK bond
capitalised (%) (to 3 d.p.)
interest) (GBP)
-------------------------- ----------------- -----------------
Paul Loudon 155,409.50 7.717
-------------------------- ----------------- -----------------
Jonathan Willis-Richards 81,288.39 4.036
-------------------------- ----------------- -----------------
All of the relevant securities in which Jonathan Willis-Richards is beneficially interested
are held by Loeb Aron & Company Limited, a company with which he is connected.
(d) Interests of connected advisers:
Panmure Gordon (UK) Limited
Number of ordinary Short positions
shares
------------------------- --------------------- ------------------
Number % Number %
------------------------- ----------- -------- ------------- ---
(1) Relevant
securities owned
and/or controlled: 536,907 0.112 N/A
------------------------- ----------- -------- ------------- ---
(2) Cash-settled N/A N/A
derivatives:
------------------------- ----------- -------- ------------- ---
(3) Stock-settled N/A N/A
derivatives (including
options) and
agreements to
purchase/ sell:
------------------------- ----------- -------- ------------- ---
TOTAL: 536,907 0.112 N/A
------------------------- ----------- -------- ------------- ---
Qinisele Resources Proprietary Limited
Number of ordinary Short positions
shares
------------------------- --------------------- ------------------
Number % Number %
------------------------- ------------ ------- ------------- ---
(1) Relevant
securities owned
and/or controlled: 1,500,000 0.313 N/A
------------------------- ------------ ------- ------------- ---
(2) Cash-settled N/A N/A
derivatives:
------------------------- ------------ ------- ------------- ---
(3) Stock-settled N/A N/A
derivatives (including
options) and
agreements to
purchase/ sell:
------------------------- ------------ ------- ------------- ---
TOTAL: 1,500,000 0.313 N/A
------------------------- ------------ ------- ------------- ---
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Details of any open stock-settled derivative positions
(including traded options), or agreements to purchase or sell
relevant securities, should be given on a Supplemental Form 8 (Open
Positions).
Details of any securities borrowing and lending positions or
financial collateral arrangements should be disclosed on a
Supplemental Form 8 (SBL).
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal
or informal, relating to relevant securities which may be an inducement to deal or refrain
from dealing entered into by the party to the offer making the disclosure or any person acting
in concert with it:
Irrevocable commitments and letters of intent should not be included. If there are no such
agreements, arrangements or understandings, state "none"
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None
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(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the party
to the offer making the disclosure, or any person acting in concert with it, and any other
person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which
any derivative is referenced:
If there are no such agreements, arrangements or understandings, state "none"
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None
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(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) NO
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Supplemental Form 8 (SBL) NO
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Date of disclosure: 31 October 2016
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Contact name: Paul Loudon
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Telephone number: +27 56 216 1300
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Public disclosures under Rule 8 of the Code must be made to a
Regulatory Information Service.
The Panel's Market Surveillance Unit is available for
consultation in relation to the Code's disclosure requirements on
+44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at
www.thetakeoverpanel.org.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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