TIDMDCP
RNS Number : 7681U
Diamondcorp Plc
20 January 2017
20 January 2017
DiamondCorp plc
AIM share code: DCP & JSE share code: DMC
ISIN: GB00B183ZC46
(Incorporated in England and Wales)
(Registration number 05400982)
(SA company registration number 2007/031444/10)
("DiamondCorp", "the Company" or "the Group")
Results of Placing
DiamondCorp, the Southern African diamond mining, development
and exploration company, announces the completion of the Placing
announced on 13 January 2017.
The Company has raised gross proceeds of approximately GBP1.0
million through the Placing of 25,412,582 new Ordinary Shares at a
Placing Price of 4 pence per Ordinary Share with attached Warrants
on the basis of one Warrant for every Placing Share issued. The
25,412,582 Warrants will be exercisable at 1 pence at any time
during the period commencing on 1 November 2017 and expiring on 30
June 2019.
The Placing Shares will be placed using the Directors' existing
authority to allot shares for cash on a non pre-emptive basis, as
granted at the Company's general meeting on 16 November 2016. Of
the 25,412,582 Placing Shares with attached Warrants, 1,500,000 are
to be settled by way of a direct subscription with the Company.
Pursuant to the terms and conditions set out in Appendix I to
the Company's announcement on 13 January 2017, the Placing is
conditional upon, inter alia, Admission becoming effective and the
Group concluding a labour agreement with the Association of
Mineworkers and Construction Union that is on terms approved by the
Business Rescue Practitioner, on behalf of LDM, and by the Board of
DiamondCorp.
The Company is also issuing, in aggregate, 3,145,629 new
Ordinary Shares (the "Fee Shares") with 3,145,629 attached Warrants
on the basis of one Warrant for every Fee Share issued as
settlement for professional fees pursuant to the Placing and in
satisfaction of certain outstanding indebtedness.
Applications are being made to the London Stock Exchange and the
Johannesburg Stock Exchange for the Placing Shares and the Fee
Shares, which will rank pari passu in all respects with the
existing issued Ordinary Shares, to be admitted to AIM and to AltX.
It is expected that settlement for and admission of the Placing
Shares and the Fee Shares will become effective on AIM at 8.00 a.m.
on 26 January 2017. No application will be made for admission of
the Warrants to trading on AIM or on AltX. The Company's Ordinary
Shares shall remain suspended on AIM and AltX until further
notice.
Upon admission, and subject to the conclusion of a labour
agreement with the AMCU, DiamondCorp's enlarged issued Ordinary
Share capital immediately following the issue of the Placing Shares
and the Fee Shares will be 507,297,791 Ordinary Shares. The total
number of Warrants in issue will be 28,558,211.
The above figures may be used by shareholders in DiamondCorp 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 share capital of the Company under the
Financial Conduct Authority's Disclosure and Transparency
Rules.
Capitalised terms in this announcement, unless otherwise
defined, have the same meaning given to them in the announcement
issued by the Company on 13 January 2017. All times referred to in
this announcement are London times.
Contact details:
DiamondCorp plc
Chris Ellis, Interim Non-Executive Chairman
Tel: +44 (0) 20 3151 0970
Paul Loudon, Chief Executive
Tel: +27 56 216 1300
UK Broker, Sole Placing Agent & Nominated Adviser
Panmure Gordon (UK) Limited
Adam James / Atholl Tweedie
Tel: +44 20 7886 2500
JSE Designated Adviser
Sasfin Capital (a division of Sasfin Bank Limited)
Megan Young
Tel: +27 11 445 8068
Important Information
This Announcement contains (or may contain) certain
forward-looking statements with respect to certain of the Company's
plans and its current goals and expectations relating to its future
financial condition and performance and which involve a number of
risks and uncertainties. The Company cautions readers that no
forward-looking statement is a guarantee of future performance and
that actual results could differ materially from those contained in
the forward-looking statements. These forward-looking statements
can be identified by the fact that they do not relate only to
historical or current facts. Forward-looking statements sometimes
use words such as "aim", "anticipate", "target", "expect",
"estimate", "intend", "plan", "goal", "believe", or other words of
similar meaning. By their nature, forward-looking statements
involve risk and uncertainty because they relate to future events
and circumstances, including, but not limited to, economic and
business conditions, the effects of continued volatility in credit
markets, market-related risks such as changes in the price of
commodities or changes in interest rates and foreign exchange
rates, the policies and actions of governmental and regulatory
authorities, changes in legislation, the further development of
standards and interpretations under International Financial
Reporting Standards ("IFRS") applicable to past, current and future
periods, evolving practices with regard to the interpretation and
application of standards under IFRS, the outcome of pending and
future litigation or regulatory investigations, the success of
future explorations, acquisitions and other strategic transactions
and the impact of competition. A number of these factors are beyond
the Company's control. As a result, the Company's actual future
results may differ materially from the plans, goals, and
expectations set forth in the Company's forward-looking statements.
Any forward-looking statements made in this Announcement by or on
behalf of the Company speak only as of the date they are made.
Except as required by the Financial Conduct Authority (the "FCA"),
the London Stock Exchange or applicable law, the Company expressly
disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements contained in
this Announcement to reflect any changes in the Company's
expectations with regard thereto or any changes in events,
conditions or circumstances on which any such statement is
based.
This Announcement is for information purposes only and shall not
constitute an offer to buy, sell, issue, or subscribe for, or the
solicitation of an offer to buy, sell, issue, or subscribe for any
securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
This Announcement does not contain an offer or constitute any
part of an offer to the public within the meaning of Sections 85
and 102B of the Financial Services and Markets Act 2000, as amended
("FSMA") or otherwise. This Announcement is not an "approved
prospectus" within the meaning of Section 85(7) of FSMA and a copy
of it has not been, and will not be, delivered to the FCA in
accordance with the Prospectus Rules or delivered to any other
authority which could be a competent authority for the purpose of
the Prospectus Directive. Its contents have not been examined or
approved by the London Stock Exchange plc, nor has it been approved
by an "authorised person" for the purposes of Section 21 of
FSMA.
This Announcement has been issued by and is the sole
responsibility of the Company. No representation or warranty,
express or implied, is or will be made as to, or in relation to,
and no responsibility or liability is or will be accepted by
Panmure Gordon or by any of its respective affiliates or agents as
to, or in relation to, the accuracy or completeness of this
Announcement or any other written or oral information made
available to or publicly available to any interested party or its
advisers, and any liability therefore is expressly disclaimed.
Panmure Gordon, which is authorised and regulated in the United
Kingdom by the FCA, is acting as placing agent for the Company and
for no-one else in connection with the Placing, and Panmure Gordon
will not be responsible to anyone other than the Company for
providing the protections afforded to its customers or for
providing advice to any other person in relation to the Placing or
any other matter referred to herein.
The distribution of this Announcement and the offering of the
Placing Shares with Warrants in certain jurisdictions may be
restricted by law. No action has been taken by the Company or
Panmure Gordon that would permit an offering of such shares or
possession or distribution of this Announcement or any other
offering or publicity material relating to such shares in any
jurisdiction where action for that purpose is required. Persons
into whose possession this Announcement comes are required to
inform themselves about, and to observe such restrictions.
This Announcement, including the Appendix, is not for
distribution or dissemination, directly or indirectly, in or into
the United States or any jurisdiction into which the same would be
unlawful. No public offering of securities of the Company will be
made in connection with the Placing in the United Kingdom, the
United States, the EEA, Switzerland or elsewhere.
This Announcement is not intended to constitute an offer or
solicitation to purchase or invest in the Placing Shares.
Persons (including, without limitation, nominees and trustees)
who have a contractual or other legal obligation to forward a copy
of the Appendix or this Announcement should seek appropriate advice
before taking any action.
The Placing Shares to which this Announcement relates may be
illiquid and / or subject to restrictions on their resale.
Prospective purchasers of the Placing Shares should conduct their
own due diligence on the Placing Shares. If you do not understand
the contents of this Announcement or its Appendix you should
consult an authorised financial adviser.
The information in this Announcement may not be forwarded or
distributed to any other person and may not be reproduced in any
manner whatsoever. Any forwarding, distribution, dissemination,
reproduction, or disclosure of this information in whole or in part
is unauthorised. Failure to comply with this directive may result
in a violation of the United States Securities Act of 1933 (as
amended) ("US Securities Act") or the applicable laws of other
jurisdictions.
Neither the content of the Company's website nor any website
accessible by hyperlinks on the Company's website is incorporated
in, or forms part of, this Announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROISEWFISFWSEIF
(END) Dow Jones Newswires
January 20, 2017 11:00 ET (16:00 GMT)
Diamondcorp (LSE:DCP)
過去 株価チャート
から 12 2024 まで 1 2025
Diamondcorp (LSE:DCP)
過去 株価チャート
から 1 2024 まで 1 2025
