Result of GM and Capital Reorganisation

RNS Number : 1971F

BlueRock Diamonds PLC

25 October 2018

 

BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources

25 October 2018

BlueRock Diamonds PLC ('BlueRock' or the 'Company')

Result of General Meeting and Capital Reorganisation

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"), is pleased to announce that all of the resolutions put to shareholders at the General Meeting held today were duly passed.  

Accordingly, the capital reorganisation, proposals for which were announced on 8 October 2018 and included in the notice of meeting will proceed with the nominal value of the Company's ordinary shares in issue reducing from 1 pence to 0.01 pence whilst retaining the same number of shares. As part of these proposals one new ordinary share has been issued by the Company. These proposals will take effect as of 8am on 26 October 2018 with the new ordinary shares in the Company being admitted to trading on AIM.

The timetable for the reorganisation is set out below:

Record Date	6 pm on 25 October 2018
Additional 1 Ordinary Share issued	25 October 2018
Expected date on which New Ordinary Shares will be admitted to trading on AIM	8 am on 26 October 2018
Expected date on which CREST accounts will be credited with New Ordinary Shares	26 October 2018
Expected date by which definitive new share certificates are to be despatched	by 9 November 2018 2018

Total Voting Rights

Following the capital reorganisation, the issued share capital of the Company will consist of 202,324,243 ordinary shares of 0.01 pence par value. No shares were held in treasury at the date of this announcement. The total current voting rights in the Company are therefore 202,324,243.

The above total current voting rights number is the figure which may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in the Company.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

Market Abuse Regulation (MAR) Disclosure - Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

**ENDS**

For further information, please visit BRD's website www.bluerockdiamonds.co.uk or contact:

BlueRock Diamonds PLC Adam Waugh, CEO David Facey, FD	[e-mail] [e-mail]
SP Angel (NOMAD and Broker) Stuart Gledhill / Lindsay Mair/Caroline Rowe	Tel: [phone]
St Brides Partners Ltd (Financial PR) Lottie Wadham / Juliet Earl	Tel: [phone]

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 3 September 2018, it was estimated that the remaining Inferred Mineral Resource from the three kimberlite pipes (KV1, KV2 and KV3) represents a potential inground value of circa US$124 million at a current average run of mine diamond value of US$362/carat.

 

END

 

 

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