| Fri 1 Jul 2011, 13:41 | | RDI - Rockwell Diamonds Incorporated - Rockwell - Share consolidation |
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RDI
RDI
RDI - Rockwell Diamonds Incorporated - Rockwell - Share consolidation
ROCKWELL DIAMONDS INCORPORATED
(A company incorporated in accordance with the laws of British Columbia, Canada)
(Incorporation number BCO354545)
(South African registration number: 2007/031582/10)
Share code on the JSE Limited: RDI ISIN: CA77434W1032
Share code on the TSX: RDI CUSIP Number: 77434W103
Share code on the OTCBB: RDIAF
("Rockwell")
ROCKWELL - SHARE CONSOLIDATION
Rockwell shareholders are advised that the board of directors of Rockwell have
resolved, to consolidate the authorised and issued ordinary share capital of
Rockwell on the basis of 1 share for every 15 shares held (" the
consolidation"). The consolidation is aimed at reducing the large number of
issued and unissued shares in Rockwell and increasing the price per share at
which ordinary shares in Rockwell are traded on the Canadian Stock Exchange
("the TSX") and the JSE Limited ("the JSE").
As Rockwell`s primary listing is on the TSX, and their JSE listing is a
secondary listing, the consolidation is being implemented primarily in terms of
the TSX listing regulations, which regulations do not require:
- shareholder approval for a transaction of this nature;
- a Last Date to Trade; and
- a Record Date
Therefore the following dates and actions are applicable to the South African
register:
2011
Last day to trade shares under the pre-consolidated share
capital in order to be recorded as a shareholder by the Friday, 8 July
record date on
Trading in shares under the new consolidated share capital
with new ISIN CA77434W2022 commences on Monday, 11 July
**Existing share certificates must be received by the
company`s transfer secretaries by 12h00 mid-day Friday, 15 July
Record date for determining those shareholders whose
shares will be subject to the Consolidation Friday, 15 July
Dematerialised shareholders will have their accounts at
their Central Securities Depository Participant or broker Monday, 18 July
updated on
Date of issue of new share certificates to certificated Monday 18 July
shareholders if the old share certificates have been
surrendered by 12:00 on record date, on or about.
Share certificates received after this time will be
replaced within 5 business days of receipt.
Notes:
1 All times referred to in this announcement are local times in the Republic
of South Africa on a 24 hour basis.
2 The above dates subject to change. Any material change to the above dates
and times will be announced on SENS
3 No transfers between the TSX and the JSE will take place between Monday 11
July 2011 and Friday 15 July 2011, both days inclusive.
4 No dematerialisation or rematerialisation of share certificates in pre-
consolidated form will take place after Friday, 8 July 2011
5 **a copy of this announcement will be posted to certificated shareholders
together with a form of surrender in order for existing share certificates
to be delivered to the transfer secretaries, Computershare Investor
Services Proprietary Limited, Ground Floor, 70 Marshall Street,
Johannesburg, 2001, South Africa.
(PO Box 61763, Marshalltown 2107, South Africa)
For further information on Rockwell and its operations in South Africa, please
contact
James Campbell
CEO
+27 (0)83 457 3724
Stephanie Leclercq
Investor Relations
+27 (0)83 307 7587
About Rockwell Diamonds:
Rockwell is engaged in the business of operating and developing alluvial
diamond deposits, with a goal to become a mid-tier diamond mining company.
The Company has three existing operations, which it is progressively optimizing,
two development projects and a pipeline of earlier stage properties with future
development potential. Rockwell is also at an advanced stage of completing the
acquisition of the Tirisano property.
Rockwell also evaluates merger and acquisition opportunities which have the
potential to expand its mineral resources and production profile and would
provide accretive value to the Company.
No regulatory authority has approved or disapproved the information contained
in this news release.
Canada
1 July 2011
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 01/07/2011 13:41:53 Produced by the JSE SENS Department.
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