TIDMNAD
RNS Number : 3047O
Namakwa Diamonds Limited
04 March 2009
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4 March 2009
Namakwa Diamonds Limited ("Namakwa Diamonds" or the "Company") - Notification of
Transaction of
Directors, Persons Discharging Managerial Responsibility or
Connected Persons pursuant to DTR 3.1.4R(1)
Namakwa Diamonds (LSE: NAD) today announces that on 27 February 2009 the Kruger
Family Foundation purchased 48,272 ordinary shares in the Company at an average
price of GBP0.23 through market purchases. Following the purchase of the
ordinary shares, the Kruger Family Foundation now own 18,905,867 ordinary shares
representing approximately 15.89% of the ordinary shares of the Company.
Members of the Kruger family, including Nico Kruger, Chief Executive of Namakwa
Diamonds, Tom Kruger, Deputy Chairman of the Company, and Heno Kruger, the
Company's Head of Beneficiation are potential beneficiaries of the Kruger Family
Foundation.
For further information please contact:
Namakwa Diamonds - Nico Kruger
Tel: +27 11 334 8886
Taylor Rafferty - Rob Newman
Tel: +44 207 614 2900
About Namakwa:
Namakwa Diamonds is a unique diamond resource group. Its strategy of backward
integration from its 30 years of beneficiation experience into mining has
created a unique public investment proposition. Namakwa Diamonds has a
diversified portfolio of diamond projects, which include five distinct diamond
resource target areas. These are located in four African countries, namely;
South Africa, the Democratic Republic of Congo, Namibia and Angola. Namakwa's
projects are located within historically prospective geological environments.
Alluvial diamond deposits, including marine, constitute the primary focus of the
company, whilst kimberlite opportunities will be considered if they represent an
advanced stage of development, consistent with Namakwa's philosophy of a short
resource delivery time as provided by its alluvial diamond mines.
This information is provided by RNS
The company news service from the London Stock Exchange
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