TIDMBOD

RNS Number : 8944E

Botswana Diamonds PLC

11 May 2017

11(th) May 2017

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

Exercise of Warrants

Botswana Diamonds announces that pursuant to the receipt of a conversion notices from holders of 1,176,500 warrants exercisable at 0.85 pence each, it has today issued 1,176,500 ordinary shares of GBP 0.0025 each ("Ordinary Shares") at the exercise price of 0.85 pence per share new share ("New Share(s)").

Application has been made for the New Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM and it is expected that this will take place on or around 17 May 2017 ("Admission").

Following the Admission of the 1,176,500 New Shares, Botswana Diamonds will have 379,562,908 Ordinary Shares in issue which will also represent the total number of voting rights in the Company. The above figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

ENDS

Enquiries:

 
 Botswana Diamonds PLC 
 John Teeling, Chairman          +353 1 833 2833 
 James Campbell, Managing 
  Director                       +27 83 457 3724 
 Jim Finn, Director 
 Northland Capital Partners 
  Limited 
 David Hignell/Gerry Beaney 
  (Corporate Finance)            +44 (0) 203 861 6625 
 John Howes (Broking) 
 Dowgate Capital Stockbrokers 
  Limited 
 Jason Robertson                 +44 (0) 203 903 7725 
 Blytheweigh                     +44 (0) 207 138 3204 
 Nick Elwes                      +44 (0) 783 185 1855 
 Camilla Horsfall                +44 (0) 781 784 1793 
 Teneo PSG 
 Ciaran Flynn                    +353 (0) 1 661 4055 
 Alan Tyrrell                    +353 (0) 1 661 4055

www.botswanadiamonds.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

May 11, 2017 07:26 ET (11:26 GMT)

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