Diamondcorp Plc Director/PDMR Shareholding & Amendment (1304E)

TIDMDCP

RNS Number : 1304E

Diamondcorp Plc

14 July 2016

14 June 2016

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 to Director and

Director Dealing Amendment

DiamondCorp, the Southern African diamond mining, development and exploration company, announces the following grant of share option to Chris Ellis, Non-executive Director of the Company.

Mr Ellis was on 13 July 2016 awarded options ("Options") over 300,000 ordinary shares in the capital of the Company. The Options are exercisable at 7.25 pence each and exercisable between the third anniversary and the tenth anniversary of the date of grant, subject to the terms of the Company's Unapproved Share Option Scheme. The exercise price represents a premium of 20.8% to the recent placing price and 9.4% to the closing mid-market share price of 6.625 pence on 13 July 2016.

Director Dealing Amendment

Further to the announcement of 12 July 2016, the Company announces that the resultant shareholding of Jonathan Willis-Richards upon Admission of the Broker Option Shares (as defined in that announcement) is 2,633,562 ordinary shares, representing 0.55% of the enlarged issued share capital upon Admission of the Broker Option Shares. All other figures remain correct.

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

Adam James/Atholl Tweedie

Tel: +44 20 7886 2500

JSE Designated Advisor

Sasfin Capital (a division of Sasfin Bank Limited)

Megan Young

Tel: +27 11 445 8068

SA Corporate Advisor

Qinisele Resources Proprietary Limited

Dennis Tucker/Andrew Brady

Tel: +27 11 883 6358

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail in respect of the option award described above.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
 a)   Name                       Chris Ellis 
 2    Reason for notification 
 a)   Position / status          Non-executive Director 
 b)   Initial notification       Initial 
       / amendment 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
 a)   Name                       DiamondCorp plc 
 b)   LEI                        (Pending) 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
 a)   Description of             Ordinary shares of 0.1 pence 
       the financial              each in DiamondCorp plc 
       instrument, type 
       of instrument 
      Identification             ISIN: GB00B183ZC46 
       code 
 b)   Nature of the              Award of options over ordinary 
       transaction                shares 
 c)   Price(s) and volumes(s)     Price(s)           Volume(s) 
                                   GBP 0.0725 
                                    exercise price    300,000 
 d)   Aggregated information     N/A 
 e)   Date of the transaction    2016-07-13 
 f)   Place of the transaction   London Stock Exchange, AIM 
                                  (XLON)

This information is provided by RNS

The company news service from the London Stock Exchange

END

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