REG - BlueRock DiamondsPLC - Transfer of Convertible Loan Note

Bluerock DiamondsAnnouncement

27/02/2020 11:45

RNS Number : 3685E
  
BlueRock Diamonds PLC
  
27 February 2020
  
 

BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
27 February 2020
BlueRock Diamonds PLC ('BlueRock' or the 'Company')
 
Transfer of Convertible Loan Note
 
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"), announces that further to the announcement of 18 February 2020,  the transfer in respect of the sale of part of the Company's existing Convertible Loan Note ("CLN") with a face value of £462,500 from Mr Mark Poole to Mr Tim Leslie has now completed. 
 
The total CLN outstanding is currently £925,000 and has a conversion price of approximately £1.66.  The expiry date of the CLN is 16 October 2021. 
 
**ENDS**
 
For further information, please visit 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 / Cosima Akerman / Susie Geliher


 
Tel: +44 (0)20 7236 1177



 
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. As at November 2018, it was estimated that the remaining Inferred Mineral Resource from the four kimberlite pipes (KV1, KV2, KV3 and KV5) represents a potential inground number of carats of 367,000.
 
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
 



1.


Details of the person discharging managerial responsibilities/person closely associated




a)


Name:


Tim Leslie




2.


Reason for the notification




a)


Position/status:


Non-Executive Director




b)


Initial notification/amendment:


Initial




3.


Details of the issuer emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name:


BlueRock Diamonds Plc




b)


LEI:


213800LVSJ2RNI3SSN92




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 the financial instrument, type of instrument:
 Identification code:


Ordinary shares of £0.05
 GB00BKKJK954




b)


Nature of the transaction:


Purchase of convertible loan note




c)


Price(s) and volume(s):





 Prices(s)


Volume(s)




£462,500


N/A



 




d)


Aggregated information:
 Aggregated volume:
 Price:


Single transaction as in 4 c) above
 




e)


Date of transaction:


18 February 2020




f)


Place of transaction


Outside a trading venue



 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
  END
 
 
IODFLFVLFEIDFII