BlueRock Diamonds PLC Transfer of Convertible Loan Note (3685E)
February 27 2020 - 6:45AM
UK Regulatory
TIDMBRD
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 GBP462,500 from Mr Mark Poole to Mr
Tim Leslie has now completed.
The total CLN outstanding is currently GBP925,000 and has a
conversion price of approximately GBP1.66. 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 mhouston@bluerockdiamonds.co.uk
David Facey, FD 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) Tel: +44 (0)20 7236 1177
Isabel de Salis / Cosima Akerman
/ Susie Geliher
----------------------------------
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 Ordinary shares of GBP0.05
financial instrument, GB00BKKJK954
type of instrument:
Identification code:
-------------------------------------- -------------------------------
b) Nature of the transaction: Purchase of convertible
loan note
-------------------------------------- -------------------------------
c) Price(s) and volume(s): Prices(s) Volume(s)
GBP462,500 N/A
----------
-------------------------------------- -------------------------------
d) Aggregated information: Single transaction as in
Aggregated volume: 4 c) above
Price:
-------------------------------------- -------------------------------
e) Date of transaction: 18 February 2020
-------------------------------------- -------------------------------
f) Place of transaction Outside a trading venue
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Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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