TIDMBOD
RNS Number : 5220M
Botswana Diamonds PLC
22 January 2021
22(nd) January 2021
Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
Placing to raise GBP363,000
Director / PDMR shareholding
Placing
The Board of Botswana Diamonds (AIM: BOD) is pleased to announce
that it has today undertaken a Company-arranged placing with
existing and new investors to raise GBP363,000 via the issue of
60,500,000 new ordinary shares (the "Placing Shares"), which
includes the cash subscription by certain directors as detailed
below, at a placing price of 0.6p per Placing Share (the "Placing
Price"). Each Placing Share has one warrant attached with the right
to subscribe for one new ordinary share at 0.6p per new ordinary
share for a period of two years from 22 January 2021 (the "Placing
Warrants"), being the expected date of the Placing Warrants
issue.
The Placing Shares will rank pari passu with the Company's
existing ordinary shares. Application will be made for the Placing
Shares to be admitted to trading on AIM and it is expected that
such admission will become effective on or around 5 February
2021.
Use of Proceeds
The funds raised will be used to fund exploration activities
during the current year in Botswana and South Africa, which remain
ongoing, and to provide additional working capital for the
Company.
Director Subscription
Certain directors are subscribing for Placing Shares (with
Placing Warrants attached), as set out in the table below:
Director Subscription Subscription Enlarged % of enlarged Placing Warrants
of Placing as % of current shareholding share capital
shares issued share following
capital the placing
---------------- ------------- ----------------- --------------- --------------- -----------------
James Finn 4,590,910 0.64% 34,235,459 4.38% 4,590,910
James Campbell 412,545 0.06% 1,311,406 0.17% 412,545
Total 5,003,455 0.70% 35,546,865 4.55% 5,003,455
---------------- ------------- ----------------- --------------- --------------- -----------------
Total Voting Rights
In conformity with the Disclosure Guidance and Transparency
Rules of the Financial Conduct Authority ("FCA"), the Company
announces the following:
Following the issue of the Placing Shares, there will be a total
of 781,721,902 ordinary shares of 0.25p each in issue with each
ordinary share carrying the right to one vote ("Ordinary Shares").
The Company does not hold any Ordinary Shares in Treasury.
Therefore, the total number of Ordinary Shares in the Company with
voting rights is 781,721,902. The above figure 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 to their interest in, the Company under the FCA's
Disclosure and Transparency Rules.
Special note concerning the Market Abuse Regulation
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No 596/2014
("MAR"). Market soundings, as defined in MAR, were taken in respect
of the Placing, with the result that certain persons became aware
of inside information, as permitted by MAR. That inside information
is set out in this announcement. Therefore, those persons that
received inside information in a market sounding are no longer in
possession of inside information relating to the Company and its
securities. 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
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
First Equity Limited - Joint Broker
Jason Robertson +44 (0) 207 374 2212
Blytheweigh - PR +44 (0) 207 138 3206
Megan Ray +44 (0) 207 138 3553
Rachael Brooks +44 (0) 207 138 3206
Said Izagaren +44 (0) 207 138 3206
Naomi Holmes +44 (0) 207 138 3206
Teneo
Luke Hogg +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
Ross Murphy +353 (0) 1 661 4055
www.botswanadiamonds.co.uk
The notification below, made in accordance with the requirements
of the Market Abuse Regulations, provides further detail in respect
of the transaction as described above.
1 Details of t he p erson disc harging managerial responsib ilities
/ p erson closely associated
a) Name James Campbell
----------------------------- -------------------------------------------------------------
2 Reason for notification
--------------------------------------------------------------------------------------------
a) Position / status CEO
----------------------------- -------------------------------------------------------------
b) I nitial notification Initial
/Amendment
----------------------------- -------------------------------------------------------------
3 Details of t he issu er, e mission allow a n ce m a r k et participan
t, au ct ion plat for m, au ction eer or auc tion monitor
--------------------------------------------------------------------------------------------
a) Name Botswana Diamonds plc
----------------------------- -------------------------------------------------------------
b) LEI 213800UEF1WVQZIZRA91
----------------------------- -------------------------------------------------------------
4 Details of t he t ransact ion (s): section to be re p eated for (
i) e a ch type of instr u m e n t; (ii) each type of transac tion;
(iii) each date; and ( iv) each place w h ere transactions have b
een condu cted
--------------------------------------------------------------------------------------------
a) Description of the financial Ordinary shares of 0.25 pence each in Botswana
instrument, t ype of Diamonds plc
instrument
I d e ntification code ISIN G B00B5TFC825
----------------------------- -------------------------------------------------------------
Nature of the transaction Subscription for new Ordinary Shares and issue
of Placing Warrants
----------------------------- -------------------------------------------------------------
Price(s) and volumes(s) Subscription for new Ordinary Shares Price(s) Volumes(s)
GBP0.006 412,545
-----------
Issue of Placing Warrants Price(s) Volumes(s)
n.a. 412,545
-----------
----------------------------- -------------------------------------------------------------
d) Aggregated information n/a
----------------------------- -------------------------------------------------------------
e) Date of the transaction 22 January 2021
----------------------------- -------------------------------------------------------------
f) Place of the transaction Outside a trading venue
----------------------------- -------------------------------------------------------------
1 Details of t he p erson disc harging managerial responsib ilities
/ p erson closely associated
a) Name Jim Finn
----------------------------- --------------------------------------------------------------
2 Reason for notification
---------------------------------------------------------------------------------------------
a) Position / status Director
----------------------------- --------------------------------------------------------------
b) I nitial notification Initial
/Amendment
----------------------------- --------------------------------------------------------------
3 Details of t he issu er, e mission allow a n ce m a r k et participan
t, au ct ion plat for m, au ction eer or auc tion monitor
---------------------------------------------------------------------------------------------
a) Name Botswana Diamonds plc
----------------------------- --------------------------------------------------------------
b) LEI 213800UEF1WVQZIZRA91
----------------------------- --------------------------------------------------------------
4 Details of t he t ransact ion (s): section to be re p eated for (
i) e a ch type of instr u m e n t; (ii) each type of transac tion;
(iii) each date; and ( iv) each place w h ere transactions have b
een condu cted
---------------------------------------------------------------------------------------------
a) Description of the financial Ordinary shares of 0.25 pence each in Botswana
instrument, t ype of Diamonds plc
instrument ISIN G B00B5TFC825
I d e ntification code
----------------------------- --------------------------------------------------------------
Nature of the transaction Subscription for new Ordinary Shares and issue
of Placing Warrants
----------------------------- --------------------------------------------------------------
Price(s) and volumes(s)
Subscription for new Ordinary Shares Price(s) Volumes(s)
GBP0.006 4,590,910
-----------
Issue of Placing Warrants Price(s) Volumes(s)
n.a. 4,590,910
-----------
----------------------------- --------------------------------------------------------------
d) Aggregated information n/a
----------------------------- --------------------------------------------------------------
e) Date of the transaction 22 January 2021
----------------------------- --------------------------------------------------------------
f) Place of the transaction Outside a trading venue
----------------------------- --------------------------------------------------------------
ENDS
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