28th May 2014 14:33
28 May 2014
Firestone Diamonds plc
("Firestone" or the "Company") (AIM: FDI)
Admission of the new Ordinary Shares in respect of the Fundraising
Firestone Diamonds plc, the AIM-quoted diamond development company, announces that further to the announcement of 27 May 2014, admission to trading on AIM and dealings in the 2,336,174,902 new Ordinary Shares, being the New Ordinary Shares in respect of the Fundraising, Creditor Shares and Fee Shares, will commence on 30 May 2014.
Accordingly the Placing, Subscription and Open Offer will now complete on Admission, being 30 May 2014.
The Share Capital Reorganisation, as detailed in the circular sent to Shareholders on 11 April 2014 (the "Circular"), will now be effected five Business Days following admission of the new Ordinary Shares to AIM, being 6 June 2014. The Share Capital Reorganisation Record Date will now be 6.00 p.m. on 5 June 2014.
Further information on the Share Capital Reorganisation is set out in the Circular.
Unless the context otherwise requires, defined terms used in this announcement shall have the meanings given to them in the Circular.
**ENDS**
For more information contact
Firestone Diamonds plc | +44 (0)20 8741 7810 |
Stuart Brown | |
Strand Hanson Limited (Nomad) | +44 (0)20 7409 3494 |
Stuart Faulkner | |
Richard Tulloch | |
James Dance | |
GMP Securities Europe LLP (Joint Broker) | +44 (0)20 7647 2800 |
Richard Greenfield | |
Alexandra Carse | |
Mirabaud Securities LLP (Joint Broker) | |
Rory Scott | +44 (0)20 7878 3360 |
Ed Haig-Thomas | +44 (0)20 7878 3447 |
Tavistock Communications | +44 (0)20 7920 3150 |
Jos Simson | +44 (0)7788 554 035 |
Emily Fenton | |
Nuala Gallagher |
Background information on Firestone
Firestone is an international diamond development company with operations focused on Lesotho and Botswana. Firestone is currently in the process of developing the Main Treatment Plant at the Liqhobong Mine in Lesotho to become a plus-one million carat per annum producer.
Lesotho is emerging as one of Africa's significant new diamond producers, and hosts Gem Diamonds' Letseng Mine, Firestone's Liqhobong Mine, as well as Namakwa Diamonds' Kao Mine and the Mothae development project.
For more information please visit: www.firestonediamonds.com.
Related Shares:
FDI.L