Botswana Diamonds PLC Exercise of Warrants (8021T)
November 18 2019 - 11:49AM
UK Regulatory
TIDMBOD
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 +353 1 833 2833
James Campbell, Managing Director +27 83 457 3724
Jim Finn, Director +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 +44 (0) 20 7138 3206
Megan Ray +44 (0) 207 138 3222
Fergus Cowan +44 (0) 207 138 3208
Teneo
Luke Hogg +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
www.botswanadiamonds.co.uk
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END
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