22nd Dec 2005 09:07
Dwyka Diamonds Limited22 December 2005 Dwyka Diamonds Limited Issue of shares Consultancy fees Dwyka Diamonds Limited ("Dwyka" or "the Company") announces that it has todayissued 749,137 fully paid ordinary shares in the company to consultants inrelation to services rendered to date in connection with the Company's De Beerstailings retreatment project and the recently completed transaction with DeBeers to secure ownership of two diamondiferous kimberlites in Tanzania. Theshares have been issued at a deemed issue price of A$0.685 per share. Application has been made to the AIM Market of the London Stock Exchange plc("AIM") for 749,137 fully paid ordinary shares to be admitted to trading on AIM.Admission of the shares to trading on AIM is expected to occur at 8.00 a.m. onTuesday, 3rd January 2006. CEO remuneration package The Company further announces, in accordance with an Australian Stock Exchange("ASX") disclosure obligation, concerning the remuneration package of Mr AdrianGriffin, the Chief Executive Officer of Dwyka, who was appointed as CEO of theCompany on 1 December 2005. Mr Griffin will receive an annual salary ofA$125,000 and the Company has also made an offer to Mr Griffin to apply for1,000,000 shares under the terms of the Dwyka Diamonds Replacement Share Plan. The issue price of the shares offered under the Replacement Share Plan is A$1.00per ordinary share. The average weighted trading price of shares on the ASXduring the five trading days immediately before the date of the offer was A$0.64cents. The invitation under the Replacement Share Plan is subject to shareholderapproval which will be sought at a forthcoming general meeting of shareholders. Shares offered under the Replacement Share Plan may not be transferred orotherwise dealt with, and will not be quoted on the ASX until any loan inrespect of the shares has been repaid and 12 months (in relation to one third ofthe shares offered), 24 months (in relation to the another third of the sharesoffered) and 36 months (in relation to the final third of the shares offered)has passed from the date of issue. For further information please contact: In Australia In the United KingdomMelissa Sturgess Laurence Read/ Leesa PetersDwyka Diamonds Limited Conduit PR+618 9324 2955 +44 (0)20 7618 8707 / +44 (0)7979 955 923 Or visit: www.dwykadiamonds.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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