20th Dec 2006 13:24
Dwyka Diamonds Limited20 December 2006 ISSUE OF SHARES UNDER THE DWYKA DIAMONDS SHARE PLAN Dwyka Diamonds Limited ("Dwyka or the Company") announces that in accordancewith the shareholder approval received on 30 November 2006, it has today issued1,000,000 shares under the terms of the Dwyka Diamonds Replacement Share Plan toa Director of the Company. The shares issued today under the terms of the Dwyka Diamonds Replacement SharePlan may not be sold or otherwise dealt with until the later to occur of thefollowing: (a) the loan in respect of those shares has been repaid in full; and (b) in respect of: (i) one third of the shares issued, 12 months after the date of the issue of theshares (20 December 2007); (ii) another one third of the shares issued, 24 months after the date of theissue of the shares (20 December 2008); and (iii) the remaining one third of the shares issued, 36 months after the date ofthe issue of the shares (20 December 2009). (Following the share issue, the total number of shares issued to employees andheld in treasury under the Dwyka Diamonds Replacement Share Plan is now8,000,001.) Application has today been made for 8,000,001 Ordinary Shares to beadmitted to trading on AIM. Admission is expected to occur at 8.00am on Thursday28th December 2006. For further information please contact: In Australia: In United Kingdom:Mike Langoulant Laurence Read/ Leesa Peters Dwyka Diamonds Limited Conduit PR(+618) 9324 2955 (+44) 20 7429 6605/ (+44) 7979 955 923 Or visit: http://www.dwykadiamonds.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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