BOTSWANA DIAMONDS PLC

Director's Dealing • Jan 22, 2021

National Storage Mechanism | Additional information

RNS Number : 5220M

Botswana Diamonds PLC

22 January 2021

22nd January 2021

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

Placing to raise £363,000

Director / PDMR  shareholding

Placing

The Board of Botswana Diamonds (AIM: BOD) is pleased to announce that it has today undertaken a Company-arranged placing with existing and new investors to raise  £363,000 via the issue of 60,500,000 new ordinary shares (the "Placing Shares"), which includes the cash subscription by certain directors as detailed below, at a placing price of 0.6p per Placing Share (the "Placing Price"). Each Placing Share has one warrant attached with the right to subscribe for one new ordinary share at 0.6p per new ordinary share for a period of two years from 22 January 2021 (the "Placing Warrants"), being the expected date of the Placing Warrants issue.

The Placing Shares will rank pari passu with the Company's existing ordinary shares. Application will be made for the Placing Shares to be admitted to trading on AIM and it is expected that such admission will become effective on or around 5 February 2021.

Use of Proceeds

The funds raised will be used to fund exploration activities during the current year in Botswana and South Africa, which remain ongoing, and to provide additional working capital for the Company.

Director Subscription

Certain directors are subscribing for Placing Shares (with Placing Warrants attached), as set out in the table below:

Director	Subscription of Placing shares	Subscription as % of current issued share capital	Enlarged shareholding following the placing	% of enlarged share capital	Placing Warrants
James Finn	4,590,910	0.64%	34,235,459	4.38%	4,590,910
James Campbell	412,545	0.06%	1,311,406	0.17%	412,545
Total	5,003,455	0.70%	35,546,865	4.55%	5,003,455

Total Voting Rights

In conformity with the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority ("FCA"), the Company announces the following:

Following the issue of the Placing Shares, there will be a total of 781,721,902 ordinary shares of 0.25p each in issue with each ordinary share carrying the right to one vote ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights is 781,721,902. The above figure may 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.

Special note concerning the Market Abuse Regulation

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR"). Market soundings, as defined in MAR, were taken in respect of the Placing, with the result that certain persons became aware of inside information, as permitted by MAR. That inside information is set out in this announcement. Therefore, those persons that received inside information in a market sounding are no longer in possession of inside information relating to the Company and its securities. 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 James Campbell, Managing Director Jim Finn, Director	+353 1 833 2833 +27 83 457 3724 +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
Blytheweigh - PR Megan Ray Rachael Brooks Said Izagaren Naomi Holmes	+44 (0) 207 138 3206 +44 (0) 207 138 3553 +44 (0) 207 138 3206 +44 (0) 207 138 3206 +44 (0) 207 138 3206
Teneo Luke Hogg Alan Tyrrell Ross Murphy	+353 (0) 1 661 4055 +353 (0) 1 661 4055 +353 (0) 1 661 4055

www.botswanadiamonds.co.uk

The notification below, made in accordance with the requirements of the Market Abuse Regulations, provides further detail in respect of the transaction as described above.  

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

James Campbell

2

Reason for notification

a)

Position / status

CEO

b)

Initial notification

/Amendment

Initial

3

Details of the issuer,  emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Botswana Diamonds plc

b)

LEI

213800UEF1WVQZIZRA91

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description  of  the financial instrument, type of instrument

Identification code

Ordinary shares of 0.25 pence each in Botswana Diamonds plc

ISIN GB00B5TFC825

Nature of the transaction

Subscription for new Ordinary Shares and issue of Placing Warrants

Price(s) and volumes(s)

Subscription for new Ordinary Shares

Price(s)	Volumes(s)
£0.006	412,545

Issue of Placing Warrants

Price(s)	Volumes(s)
n.a.	412,545

d)

Aggregated information

n/a

e)

Date of the transaction

22 January 2021

f)

Place of the transaction

Outside a trading venue

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Jim Finn

2

Reason for notification

a)

Position / status

Director

b)

Initial notification

/Amendment

Initial

3

Details of the issuer,  emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Botswana Diamonds plc

b)

LEI

213800UEF1WVQZIZRA91

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description  of  the financial instrument, type of instrument

Identification code

Ordinary shares of 0.25 pence each in Botswana Diamonds plc

ISIN GB00B5TFC825

Nature of the transaction

Subscription for new Ordinary Shares and issue of Placing Warrants

Price(s) and volumes(s)

Subscription for new Ordinary Shares

Price(s)	Volumes(s)
£0.006	4,590,910

Issue of Placing Warrants

Price(s)	Volumes(s)
n.a.	4,590,910

d)

Aggregated information

n/a

e)

Date of the transaction

22 January 2021

f)

Place of the transaction

Outside a trading venue

ENDS

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