Firestone Diamonds PLC Issue of shares re: Eurobond (2337F)
October 25 2018 - 11:04AM
UK Regulatory
TIDMFDI
RNS Number : 2337F
Firestone Diamonds PLC
25 October 2018
25 October 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,
9,247,216 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 30 September 2018. As at 30 September 2018,
Series A Eurobonds amounting to US$30.0 million had been
issued.
Accordingly, the Company will issue, in aggregate, 4,623,608 new
Ordinary Shares to Pacific Road Resources Fund II L.P. and Pacific
Road Resources Fund II (together "Pacific Road") and 4,623,608 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 30 September 2018.
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 31 October 2018 ("Admission"). On Admission, the
Company will have 533,185,064 Ordinary Shares in issue.
The Company does not currently hold any Ordinary Shares in
treasury. Accordingly, the above figure of 533,185,064 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 in 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 145,282,706 and 145,878,018 Ordinary
Shares respectively, representing approximately 27.25% and 27.36%
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
Paul Bosma
Grant Ferriman
Macquarie Capital (Europe) Limited
(Nomad and Broker)
Nick Stamp
Nicholas Harland +44 (0)20 3037
Guy de Freitas 2000
+44 (0)20 7920
Tavistock (Public and Investor Relations) 3150
Simon Hudson
Jos Simson
Gareth Tredway
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' Letšeng Mine, Firestone's
Liqhobong Mine, Namakwa Diamonds' Kao Mine and Lucapa's Mothae
Mine.
-ends-
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END
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