26th Apr 2011 07:00
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.
26 April 2011
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")
Directors Share Purchases
Stellar Diamonds plc, the London listed (AIM:STEL) diamond mining and exploration company focused on West Africa, was informed on April 21, 2011 that Karl Smithson (Chief Executive of the Company) and Steven Poulton (Non-Executive Director of the Company), made the following purchases of Ordinary Shares of the Company ("Ordinary Shares"):
Director | Ordinary Shares purchased | Price paid per Ordinary Share (pence) | Date of purchase | Total Ordinary Shares held following purchase | Total Ordinary Shares held as a percentage of current issued share capital (%) |
Karl Smithson | 130,000 | 7.49p | 21 April 2011 | 1,525,757 | 0.70 |
Steven Poulton | 135,000 | 7.49p | 21 April 2011 | 669,576 | 0.31 |
About Stellar Diamonds plc
Stellar is a London (AIM: STEL) listed diamond mining and exploration company that has a portfolio of projects in West Africa. Stellar owns a 100% interest in four high-grade kimberlite projects that are the focus of exploration and development. In Guinea resource definition drilling is continuing on the diamondiferous Droujba kimberlite pipe project and bulk sampling is also underway on the high grade Bouro kimberlite dyke which is adjacent to the Company's Mandala alluvial diamond mining operation. In Sierra Leone at Tongo a bulk sampling programme is ongoing on the high grade Dyke 1 and bulk sampling is planned on the Lion 5 dyke at the Kono kimberlite project.
For further information please contact the following or visit the Company's website at www.stellar-diamonds.com.
Stellar Diamonds plc
Karl Smithson, Chief Executive Tel: +44 (0) 20 7257 2930
Northland Capital Partners Limited
Gavin Burnell, Edward Hutton
Charles Vaughan Tel: +44 (0) 20 7796 8800
Daniel Stewart & Company plc
Martin Lampshire, Oliver Rigby Tel: +44 (0) 20 7776 6550
Pelham Bell Pottinger
Charles Vivian / James MacFarlane Tel: +44 (0) 20 7861 3232
Related Shares:
Stellar Diamonds