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Exercise of Warrants

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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.

 

 

 

 

ENDS

Enquiries:

Botswana Diamonds PLC
John Teeling, Chairman

James Campbell, Managing Director

Jim Finn, Director

 

 

+353 1 833 2833

+27 83 457 3724

+353 1 833 2833

Beaumont Cornish - Nominated Adviser 
Michael Cornish

Roland Cornish

 


+44 (0) 020 7628 3396

Beaumont Cornish Limited - Broker 
Roland Cornish

Felicity Geidt

 

+44 (0) 207 628 3396

Blytheweigh - PR
Megan Ray
Fergus Cowan

+44 (0) 20 7138 3206

+44 (0) 207 138 3222

+44 (0) 207 138 3208

Teneo

Luke Hogg

Alan Tyrrell

 

+353 (0) 1 661 4055

+353 (0) 1 661 4055

 

 

www.botswanadiamonds.co.uk

 

 


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Quick facts: Botswana Diamonds PLC

Price: 0.65

Market: AIM
Market Cap: £4.08 m
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