TIDMFDI

RNS Number : 4562B

Firestone Diamonds PLC

18 February 2011

Firestone Diamonds plc (the "Company")

Revised Notification of Major Interests

The Company announces that it has received a revised notification in relation to the TR-1 announcement released by the Company on 14(th) February 2011.

The revised notification states that Kings Chapel International Limited and its subsidiary, Audley Capital Management Limited, is interested in a total of 27,670,000 ordinary shares of 20 pence each, representing 8.6 per cent of the issued share capital of the Company.

The revised TR-1 is below:

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
----------------------------------------------- 
 
 
 1. Identity of the issuer or the        Firestone Diamonds Plc 
  underlying issuer of existing shares 
  to which voting rights are attached: 
--------------------------------------  ----------------------- 
 
 
 2 Reason for the notification (please tick the appropriate box 
  or boxes): 
------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                          X 
-----------------------------------------------------------------  ------ 
 An acquisition or disposal of qualifying financial instruments 
  which may result in the acquisition of shares already 
  issued to which voting rights are attached 
-----------------------------------------------------------------  ------ 
 An acquisition or disposal of instruments with similar 
  economic effect to qualifying financial instruments 
-----------------------------------------------------------------  ------ 
 An event changing the breakdown of voting rights 
-----------------------------------------------------------------  ------ 
 Other (please 
  specify): 
-----------------  ----------------------------------------------  ------ 
 
 
 
                                        Audley Capital Management 
                                         Limited 
 3. Full name of person(s) subject       Kings Chapel International 
  to the notification obligation:        Limited 
-------------------------------------  ------------------------------ 
                                        Audley European Opportunities 
                                         Master Fund Limited 
 4. Full name of shareholder(s) (if      Kings Chapel International 
  different from 3.):                    Limited 
-------------------------------------  ------------------------------ 
 5. Date of the transaction and date 
  on which the threshold is crossed 
  or reached:                           09/02/11 
-------------------------------------  ------------------------------ 
 6. Date on which issuer notified:      15/02/11 
-------------------------------------  ------------------------------ 
 7. Threshold(s) that is/are crossed 
  or reached:                           8% 
-------------------------------------  ------------------------------ 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
----------------------------------------------------------------------------------------------- 
 Class/type of 
 shares if 
 possible        Situation previous 
 using the        to the triggering        Resulting situation after the triggering 
 ISIN CODE        transaction               transaction 
--------------  ------------------------  ----------------------------------------------------- 
                              Number 
                 Number        of 
                  of           Voting      Number       Number of voting      % of voting 
                  Shares       Rights       of shares    rights                rights 
--------------  -----------  -----------  -----------  --------------------  ------------------ 
                                           Direct       Direct   Indirect     Direct   Indirect 
--------------  -----------  -----------  -----------  -------  -----------  -------  --------- 
 GB0003915336    18,500,000   18,500,000   27,670,000            27,670,000            8.6% 
                -----------  -----------  -----------  -------  -----------  -------  --------- 
 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------ 
 Type of financial   Expiration   Exercise/     Number of voting   % of voting 
  instrument          date         Conversion   rights that may     rights 
                                   Period       be acquired if 
                                                the instrument 
                                                is exercised/ 
                                                converted. 
------------------  -----------  ------------  -----------------  ------------ 
 N/A                 N/A          N/A           N/A                N/A 
------------------  -----------  ------------  -----------------  ------------ 
 
 
 C: Financial Instruments with similar economic effect to Qualifying 
  Financial Instruments 
------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------- 
 Type of      Exercise   Expiration   Exercise/    Number of    % of voting 
 financial     price      date        Conversion   voting        rights 
 instrument                           period       rights 
                                                   instrument 
                                                   refers to 
-----------  ---------  -----------  -----------  -----------  ---------------- 
                                                                Nominal   Delta 
-----------  ---------  -----------  -----------  -----------  --------  ------ 
 
 
 
 Total (A+B+C) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
 27,670,000                8.6% 
------------------------  ---------------------------- 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
--------------------------------------------------------------------------- 
 Audley Capital Management Limited is a subsidiary undertaking of Kings 
  Chapel International Limited and therefore the shares held by Audley 
  Capital Management Limited are also deemed to be held by Kings Chapel 
  International Limited as it relates to the reportable interest. 
--------------------------------------------------------------------------- 
 
 
 Proxy Voting: 
------------------------------------------ 
 10. Name of the proxy holder:         N/A 
------------------------------------  ---- 
 11. Number of voting rights proxy     N/A 
  holder will cease to hold: 
------------------------------------  ---- 
 12. Date on which proxy holder will   N/A 
  cease to hold voting rights: 
------------------------------------  ---- 
 
 
 13. Additional information:      N/A 
-------------------------------  -------------- 
 14. Contact name:                Philip Kenny 
-------------------------------  -------------- 
 15. Contact telephone number:    0208 834 1028 
-------------------------------  -------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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