Exercise of Options

RNS Number : 5112L
BlueRock Diamonds PLC
12 January 2016
 

BlueRock Diamonds plc (the "Company" or the "Group")

Exercise of Options

12 January 2016

BlueRock Diamonds (AIM: BRD) announces that it has been notified that the following Directors have elected to exercise share options granted under the Company's share option scheme.

Andre Markgraaff exercised options over 100,000 ordinary shares of 1p each ("Ordinary Shares") at a price of 18p.

Riaan Visser exercised options over 180,500 Ordinary Shares at a price of 14p.

Following the exercise of the options, Andre Markgraaff will have a beneficial interest in 700,000 Ordinary Shares representing 2.16% of the issued share capital and total voting rights of the Company and Riaan Visser will have a beneficial interest in 830,500 Ordinary Shares representing 2.56% of the issued share capital and total voting rights of the Company.

The funds received by the Group will be used to support working capital.

An application has been made for 280,500 Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on or about 8.00 a.m. on 15 January 2016.

In accordance with the Disclosure and Transparency Rules, the Company hereby notifies the market that immediately following the options being exercised its issued share capital will consist of 32,440,944 Ordinary Shares. The Company does not hold any shares in treasury. Shareholders may use this figure 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.

Following the exercise of the Options, the Company has the following share options in issue, exercisable until 4 September 2018, representing 11.84% of the Company's issued share capital following Admission:

Director

Total Number of Ordinary Shares subject to Share Options

Tranche 1

Tranche 2

Tranche 3

 

 

Number

Exercise Price (pence)

Number

Exercise Price (pence)

Number

Exercise Price (pence)

P. Beck

315,251

-

-

157,625

40

157,626

55


J. Kilham

472,876

157,625

14

157,625

22

157,626

40


T. Leslie

472,876

157,625

18

157,625

40

157,626

55


A. Markgraaff

372,876

57,625

18

157,625

40

157,626

55


J. Quirk

945,750

315,250

18

315,250

40

315,250

55


R. Visser

1,261,002

-

-

630,501

22

630,501

40


Total

3,840,631

688,125

-

1,576,251

-

1,576,255

-


 

 

Enquiries:


BlueRock Diamonds plc

Riaan Visser, CEO

www.bluerockdiamonds.co.uk

+27 (0) 84 431 0118

SP Angel Corporate Finance LLP

Nominated Adviser & Broker

David Facey / Stuart Gledhill

+44 (0) 20 3470 0470

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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