Firestone Diamonds PLC Issue of Equity (4178C)
19 January 2018 - 11:22PM
UK Regulatory
TIDMFDI
RNS Number : 4178C
Firestone Diamonds PLC
19 January 2018
19 January 2018
Firestone Diamonds plc
("Firestone" or the "Company")
Issue of shares
Firestone Diamonds plc (AIM: FDI), a new diamond producer with
operations focused in Lesotho, announces that, in accordance with
the terms of the US$30.0 million Series A Eurobond debt facility
("Series A Eurobonds"), it has opted to issue, in aggregate,
4,554,342 new ordinary shares of 1 pence each ("Ordinary Shares")
in respect of the quarterly interest due on the Series A Eurobonds,
for the quarter ended 31 December 2017. As at 31 December 2017,
Series A Eurobonds amounting to US$30.0 million had been
issued.
Accordingly, the Company will issue, in aggregate, 2,277,171 new
Ordinary Shares to Pacific Road Resources Fund II L.P. and Pacific
Road Resources Fund II (together "Pacific Road") and 2,277,171 new
Ordinary Shares to Resource Capital Fund VI L.P. ("RCF") in respect
of the interest due on the Series A Eurobonds, for the quarter
ended 31 December 2017.
Application has been made to the London Stock Exchange plc for
the new Ordinary Shares to be admitted to trading on AIM. Admission
and dealings in the new Ordinary Shares are expected to commence at
8.00 a.m. on 25 January 2018. On Admission, the Company will have
509,668,312 Ordinary Shares in issue.
The Company does not currently hold any Ordinary Shares in
treasury. Accordingly, the above figure of 509,668,312 may 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 share capital of the
Company under the Financial Conduct Authority's Disclosure and
Transparency Rules.
Following the issue of the new Ordinary Shares, Pacific Road and
RCF will be interested in 133,524,330 and 134,119,642 Ordinary
Shares respectively, representing approximately 26.20% and 26.32%
respectively of the Company's issued share capital.
For more information please visit: www.firestonediamonds.com or
contact:
+44 (0)20 8741
Firestone Diamonds plc 7810
Stuart Brown
Macquarie Capital (Europe)
Limited (Nomad and Broker)
Nick Stamp
Nicholas Harland +44 (0)20 3037
Guy de Freitas 2000
Tavistock (Public and Investor +44 (0)20 7920
Relations) 3150
Simon Hudson
Jos Simson
Barney Hayward
About Firestone
Firestone is an international diamond mining company with
operations focused in Lesotho. Firestone commenced commercial
production in July 2017 at the Liqhobong Diamond Mine in Lesotho.
Lesotho is emerging as one of Africa's significant new diamond
producers, hosting Gem Diamonds' Letseng Mine, Firestone's
Liqhobong Mine and Namakwa Diamonds' Kao Mine.
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
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