REG-Karelian Diamond Resources Plc: Exercise of Warrants

Karelian Diamond ResourcesAnnouncement

11/10/2023 07:15

 

Karelian Diamond Resources plc

("Karelian Diamonds" or "the Company")

 

11 October 2023

 

Exercise of Warrants

 

Karelian Diamond Resources plc (AIM: KDR) announces that it has received
warrant exercise notices to subscribe for a total of 600,000 new ordinary
shares of €0.00025 each in the Company ("Ordinary Shares") at an exercise
price of 2 pence per Ordinary Share.

Application will be made for the 600,000 new Ordinary Shares to be admitted to
trading on AIM ("Admission"). Admission is expected to become effective and
dealings in the new Ordinary Shares will commence at 8.00 a.m. on 16 October
2023.

Following Admission, the Company will have 95,092,749 Ordinary Shares in issue
with voting rights. The Company does not currently hold any shares in
treasury. Accordingly, this figure of 95,092,749 Ordinary Shares may be used
by shareholders in the Company 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
FCA's Disclosure and Transparency Rules.

 

Further Information:

 Karelian Diamond Resources plc Professor Richard Conroy, Chairman  +353-1-479-6180   
 Allenby Capital Limited (Nomad) Nick Athanas / Nick Harriss        +44-20-3328-5656  
 First Equity Limited (Broker) Jason Robertson                      +44-20-7330-1883  
 Lothbury Financial Services Michael Padley                         +44-20-3290-0707  
 Hall Communications Don Hall                                       +353-1-660-9377   

 

http://www.kareliandiamondresources.com

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