Botswana Diamonds PLC Exercise of Warrants (2615R)

TIDMBOD

RNS Number : 2615R

Botswana Diamonds PLC

04 July 2022

4(th) July 2022

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

Exercise of Warrants

Botswana Diamonds announces that pursuant to the receipt of conversion notice from a holder of 1,666,667 warrants exercisable at 0.60 pence each, it has today issued 1,666,667 ordinary shares of GBP0.0025 each ("Ordinary Shares") at the exercise price of 0.60 pence per new share ("New Shares").

Application will be 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 8th July 2022 ("Admission"). The proceeds of the exercise of GBP10,000 will be used for additional working capital.

Following the Admission of the 1,666,667 New Shares, Botswana Diamonds will have 880,738,569 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.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. The person who arranged for the release of this announcement on behalf of the Company was Jim Finn, Director

A copy of this announcement is available on the Company's website, at www.botswanadiamonds.co.uk

Enquiries:

 
Botswana Diamonds PLC 
 John Teeling, Chairman                  +353 1 833 2833 
 James Campbell, Managing Director       +27 83 457 3724 
 Jim Finn, Director                      +353 1 833 2833 
Beaumont Cornish - Nominated Adviser 
 Michael Cornish 
 Roland Cornish                         +44 (0) 020 7628 3396 
Beaumont Cornish Limited - Broker 
 Roland Cornish 
 Felicity Geidt                        +44 (0) 207 628 3396 
First Equity Limited - Joint Broker 
 Jason Robertson                       +44 (0) 207 374 2212 
BlytheRay - PR                         +44 (0) 207 138 3206 
 Megan Ray                              +44 (0) 207 138 3553 
 Rachael Brooks                         +44 (0) 207 138 3206 
 Said Izagaren                          +44 (0) 207 138 3206 
 Naomi Holmes                           +44 (0) 207 138 3206 
Teneo 
 Luke Hogg                               +353 (0) 1 661 4055 
 Alan Tyrrell                            +353 (0) 1 661 4055 
 Ciara Wylie                             +353 (0) 1 661 4055

www.botswanadiamonds.co.uk

ENDS

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END

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July 04, 2022 11:43 ET (15:43 GMT)

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