| Thu 1 Apr 2010, 16:45 | | DMC - DiamondCorp - Results of general meeting - Amended |
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DMC
DMC
DMC - DiamondCorp - Results of general meeting - Amended
DiamondCorp plc
JSE share code: DMC
AIM share code: DCP
ISIN: GB00B183ZC46
(Incorporated in England and Wales)
(Registration number 05400982)
(SA company registration number 2007/031444/10)
(`DiamondCorp` or `the Company`)
RESULTS OF GENERAL MEETING - Amended
DiamondCorp, the Southern African diamond mining and exploration company,
advises that at a general meeting of shareholders held today at 63 Coleman
Street, London, EC2R 5BB at 12 noon (UK time) and 13:00 (SA time), all
resolutions were passed without amendment.
Following shareholder approval today being obtained, the Company will proceed
with the placing of 100,154,695 new ordinary shares at 7p per share and
subscription for 907,843 new ordinary shares at 7p per share to raise
approximately GBP7.1 million (before expenses).
Applications have been made to the London Stock Exchange and the JSE Limited for
the new shares to be admitted to trading on the AIM Market and AltX. It is
expected that admission will become effective and that trading in the new shares
will commence on AIM and AltX at 8.00 am on 6 April 2010 (or such later time and
date as the Company and its brokers Cenkos Securities and Fairfax may agree, but
in any event no later than 23 April 2010).
The New Ordinary Shares will, when issued and fully paid, rank equally in all
respects with the Existing Ordinary Shares, including the right to receive any
dividend or other distribution declared, made or paid after the date of their
unconditional allotment.
It is expected that share certificates for the New Ordinary Shares which are to
be held in certificated form will be dispatched to placees by 14 April 2010. The
New Ordinary Shares will be in registered form and no temporary documents of
title will be issued.
Following the issue of the new shares, the Company will have 148,579,533 shares
in issue.
RESIGNATION OF DIRECTOR
Mr Robin Leonard Henshall has tendered his resignation as a non-executive
director of the Company following his decision to resign as an executive of
European Islamic Investment Bank plc. The board has accepted the resignation and
extends their thanks to Mr Henshall for his valuable contribution at board level
and wishes him all success with his future endeavours.
1 April 2010
London
Nominated Advisor: Cenkos Securities plc
AIM Brokers: Cenkos Securities plc, Fairfax I.S. plc
Investment Bank and Sponsor: Investec Bank Limited
Paul Loudon, DiamondCorp plc
+44 20 7256 2651
Joe Nally/Liz Bowman/Ivonne Cantu, Cenkos Securities plc
+44 20 7397 8900
Ewan Leggat, Fairfax I.S. plc
+44 207 598 5368
Robert Smith, Investec Bank Limited
+27 11 286 7326
Charmane Russell/Matthew Ross, Russell & Associates
+27 11 880 3924
Ana Ribeiro/Tim Blythe, Blythe Weigh Communications
+44 20 7138 3204
Date: 01/04/2010 16:45:01 Produced by the JSE SENS Department.
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