Diamondcorp Plc Director/PDMR Shareholding (5890S)

TIDMDCP

RNS Number : 5890S

Diamondcorp Plc

25 September 2014

DiamondCorp plc

AIM share code: DCP & JSE share code: DMC

ISIN: GB00B183ZC46

(Incorporated in England and Wales)

(Registration number 05400982)

(SA company registration number 2007/031444/10)

("DiamondCorp", "the Group" or "the Company")

Grant of Share Options and Directors' Dealings

DiamondCorp, the Southern African diamond development and exploration company, announces the grant of share options to directors and certain employees of the Group.

Options over a total of 4,500,000 new shares ("New Share Options"), representing 1.4 per cent of the Company's issued share capital, were granted on 23 September 2014 at an exercise price of 8.5 pence per ordinary share, exercisable for a period of 10 years from the date of grant, subject to the terms of the Company's Unapproved Share Option Scheme. The exercise price represents a premium of 4% to the closing mid-market share price of 7.0 pence on 23 September 2014.

The allocation of the New Share Options to Directors is detailed in the following table:

 
 Directors           Position             Share    Exercise   Total number 
                                        Options       price       of Share 
                                        granted    in pence        Options 
                                                                      held 
 Paul Loudon         CEO                800,000         8.5      3,335,000 
 Euan Worthington    Chairman           400,000         8.5      2,770,000 
 Jonathan Willis-    Non-executive 
  Richards            Director          300,000         8.5        580,000 
                     Non-executive 
 Nicholas Allen       Director          300,000         8.5        580,000 
                     Non-executive 
 Michael Toxvaerd     Director          300,000         8.5        300,000 
                     Non-executive 
 Hulme Scholes        Director          300,000         8.5        300,000 
                              TOTAL   2,400,000                  7,865,000

The balance of 2,100,000 New Share Options were awarded to a total of nine key employees.

Following these grants, the total number of shares under option is 12,845,000 representing 9.21% of the Company's share capital of 318,365,478 ordinary shares.

Contact details:

DiamondCorp plc

Paul Loudon, Chief Executive

Tel: +27 56 216 1300

Euan Worthington, Chairman

Tel: +44 7753 862 097

UK Broker & Nomad

Panmure Gordon (UK) Limited

Dominic Morley/Adam James

Tel: +44 20 7886 2500

JSE Designated Advisor

Sasfin Capital (a division of Sasfin Bank Limited)