Completion of Scheme
September 30 2010 - 3:20AM
UK Regulatory
TIDMFDI
RNS Number : 5811T
Firestone Diamonds PLC
30 September 2010
30 September 2010
Firestone Diamonds plc
Completion of acquisition of Kopane Diamond Developments plc
Firestone Diamonds plc, ("Firestone"), the AIM-quoted diamond mining and
exploration company (ticker: AIM:FDI), is pleased to announce that further to
the announcement by Kopane regarding the Reduction of Capital dated 29
September, all conditions to the Scheme have been satisfied and the Scheme has
become effective.
In accordance with the terms of the Scheme, a total of 140,413,465 New Firestone
Shares were issued today to the Scheme Shareholders. The New Firestone Shares
rank pari passu with the Existing Firestone Shares. Due to the Acquisition being
a reverse take-over of Firestone under the AIM Rules, the Existing Firestone
Shares and the New Firestone Shares (the "Enlarged Share Capital"), were
re-admitted to trading on AIM and dealings re-commenced at 8.00 a.m today.
Following Admission, the Enlarged Share Capital consists of 268,305,102
Firestone Shares. The trading facility in Kopane's shares on AIM was cancelled
with effect from 7.00 a.m. this morning.
Capitalised terms used in this announcement shall have the same meaning as
ascribed in the announcement dated 21 July 2010 unless the context otherwise
requires.
In accordance with Rule 19.11 of the City Code, a copy of this announcement will
be published on Firestone's website being www.firestonediamonds.com.
For further enquiries, please contact:
Investor Contacts: Firestone
Philip Kenny, Chief Executive
+ 44 20 8834 1028/ + 44 7831 324 645
Tim Wilkes, Chief Operating Officer
+27 78 457 6623
Evolution Securities, Financial Adviser, Rule 3 Adviser and Corporate Broker to
Firestone
Simon Edwards / Tim Redfern
+44 20 7071 4330 / 4312
Brewin Dolphin, Nominated Adviser to Firestone
Alexander Dewar / Derrick Lee
+44 131 529 0276
Conduit PR
Jos Simson / Emily Fenton
+44 20 7429 6603 / +44 7899 870 450
This information is provided by RNS
The company news service from the London Stock Exchange
END
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