Firestone Diamonds PLC Issue of Shares re: Eurobond (2211W)
April 15 2019 - 6:49AM
UK Regulatory
TIDMFDI
RNS Number : 2211W
Firestone Diamonds PLC
15 April 2019
15 April 2019
Firestone Diamonds plc
("Firestone" or the "Company")
Issue of shares
Firestone Diamonds plc (AIM: FDI) 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, 18,899,464 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 31 March 2019. As at 31
March 2019, Series A Eurobonds amounting to US$30.0 million had
been issued.
Accordingly, the Company will issue, in aggregate, 9,449,732 new
Ordinary Shares to Pacific Road Resources Fund II L.P. and Pacific
Road Resources Fund II (together "Pacific Road") and 9,449,732 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 31 March 2019.
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 23 April 2019 ("Admission"). On Admission, the Company
will have 565,471,782 Ordinary Shares in issue.
The Company does not currently hold any Ordinary Shares in
treasury. Accordingly, the above figure of 565,471,782 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 161,426,065 and 162,021,377 Ordinary
Shares respectively, representing approximately 28.55% and 28.65%
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 +44 (0)20 3037
Nicholas Harland 2000
+44 (0)20 7920
Tavistock (Public and Investor Relations) 3150
Jos Simson
Gareth Tredway
Annabel de Morgan
Background information on Firestone
Firestone is an international diamond mining company with
operations in Lesotho. Firestone commenced commercial production in
July 2017 at the Liqhobong Diamond Mine. Liqhobong is owned 75% by
Firestone and 25% by the Government of Lesotho. Lesotho is 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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