REG - BlueRock DiamondsPLC - Results of General Meeting and Board Appointment

Bluerock DiamondsAnnouncement

20/09/2021 11:05

RNS Number : 3082M
  
BlueRock Diamonds PLC
  
20 September 2021
  
 

BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
20 September 2021
BlueRock Diamonds PLC ('BlueRock' or the 'Company')
Results of General Meeting and Board Appointment
 
BlueRock Diamonds plc, the AIM listed diamond mining company, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa ('Kareevlei'), is pleased to announce that at its general meeting ('GM') held earlier today, the resolution was duly passed. The breakdown of votes at the meeting was as follows: 
 



Resolution Number


In Favour


Against 


Withheld 




1 


3,745,851


2,373


-



 
Further to shareholder approval at the GM, and in accordance with the Circular released on 2 September 2021, the Company will proceed to issue the New Convertible Loan Notes to the Teichmann Concert Party to refinance the Simple Loan Notes issued on 27 August 2021.
 
Teichmann has exercised its previously held right to appoint a director to the Board and accordingly, Gary Teichmann will be appointed to the Board as a non-executive director with effect from 20 September 2021.  Gary Teichmann is Executive Chairman of the Teichmann Group and a seasoned professional in the mining, construction and agriculture sectors in Africa.  As a co-founder of the Teichmann Group, he has been an instrumental force in the growth of the business and the Board believe that his experience and extensive networks in the southern African mining industry will prove invaluable as the Company looks to realise its strategy at the Kareevlei Diamond Mine. 
 
Gary Teichmann, a co-founder member of the Teichmann Group, does not hold any direct interest in the Company; however, through his directorships and majority interests in various companies within the Teichmann Group, is considered to be a member of the Teichmann Concert Party which currently collectively holds 3,785,556 Ordinary Shares of the Company, representing 26.8% of the Company.
 
The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies in relation to Gary Hamilton Teichmann, aged 54:



 Current directorships and/or partnerships:


Former directorships and/or partnerships (within the last five years):
 




Teichmann Holdings (Pty) Ltd
Teichmann South Africa (Pty) Ltd
Teichmann Plant Hire (Pty) Ltd - Namibia Branch
Teichmann Structures (Pty) Ltd
Ndungane Construction (Pty) Ltd
T3 Projects (Pty) Ltd
Teichmann Civils (Pty) Ltd
Midlands Civils (Pty) Ltd
Proud Heritage Properties 119 (Pty) Ltd
Sector Five Trading 41 (Pty) Ltd
Dusty Moon Investments 20 (Pty) Ltd
Festival Bay Trading 56 (Pty) Ltd
T3 Drilling SA (Pty) Ltd
T3 Holdings SA (Pty) Ltd
The Legacy Experience (Pty) Ltd
Hemyock Kiwis (Pty) Ltd
TPH Properties LDA
TPH Moçambique LDA
Teichmann Tungeni Construction (Pty) Limited


N/A



 
There are no further disclosures required under Schedule 2(g) of the AIM Rules for Companies.
 
 
**ENDS**
For further information, please visit BRD's website www.bluerockdiamonds.co.uk or contact:
 



BlueRock Diamonds PLC
Mike Houston 
David Facey, FD


 
mhouston@bluerockdiamonds.co.uk
dfacey@bluerockdiamonds.co.uk




SP Angel (NOMAD and Broker)
Stuart Gledhill / Caroline Rowe


 
Tel: +44 (0)20 3470 0470




St Brides Partners Ltd (Financial PR)
Isabel de Salis / Susie Geliher


 
info@stbridespartners.co.uk



 
Notes to editors:
BlueRock Diamonds is an AIM-listed diamond producer which operates the Kareevlei Diamond Mine near Kimberley in South Africa which produces diamonds of exceptional quality and ranks in the top ten in the world in terms of average value per carat. The Kareevlei licence area covers 3,000 hectares and hosts five known diamondiferous kimberlite pipes with a combined inferred resource of 10.4 million tonnes / 516,200 carats (February 2021); based on its planned production of 1 million tonnes per annum, this provides a minimum 10-year life of mine.
 

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