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Botswana Diamonds - Exercise of Warrants

RNS Number : 8737P
Botswana Diamonds PLC
12 June 2020
 

 

 

 

12th June 2020

 

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

 

Exercise of Warrants

 

Botswana Diamonds announces that pursuant to the receipt of a conversion notice from a holder of 2,000,000 warrants exercisable at 0.60 pence each, it has today issued 2,000,000 ordinary shares of GBP 0.0025 each ("Ordinary Shares") at the exercise price of 0.60 pence per new share ("New Shares").

 

Application will be made for the New Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM and it is expected that this will take place on or around 18th June 2020 ("Admission"). The proceeds of the exercise of £12,000 will be used for additional working capital.

 

 

Following the Admission of the 2,000,000 New Shares, Botswana Diamonds will have 671,221,902 Ordinary Shares in issue which will also represent the total number of voting rights in the Company.  The above figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

 

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2024. The person who arranged for the release of this announcement on behalf of the Company was Jim Finn, Director

 

A copy of this announcement is available on the Company's website, at www.botswanadiamonds.co.uk

 

 

 

 

ENDS

Enquiries:

Botswana Diamonds PLC
John Teeling, Chairman

James Campbell, Managing Director

Jim Finn, Director

 

 

+353 1 833 2833

+27 83 457 3724

+353 1 833 2833

Beaumont Cornish - Nominated Adviser 
Michael Cornish

Roland Cornish

 


+44 (0) 020 7628 3396

Beaumont Cornish Limited - Broker 
Roland Cornish

Felicity Geidt

 

+44 (0) 207 628 3396

Novum Securities Limited -  Joint Broker 
Colin Rowbury

+44 (0) 20 399 9400

 

Blytheweigh - PR
Megan Ray
Rachael Brookes

 

+44 (0) 207 138 3206

+44 (0) 207 138 3222

+44 (0) 207 138 3203

 

Teneo

Luke Hogg

Alan Tyrrell

Thomas Shortall

 

+353 (0) 1 661 4055

+353 (0) 1 661 4055

+353 (0) 1 661 4055

 

 

www.botswanadiamonds.co.uk

 

 


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 [email protected] or visit www.rns.com.
 
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Quick facts: Botswana Diamonds PLC

Price: 0.65

Market: AIM
Market Cap: £4.36 m
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