BOTSWANA DIAMONDS PLC

Share Issue/Capital Change • Apr 8, 2015

National Storage Mechanism | Additional information

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RNS Number : 6465J

Botswana Diamonds PLC

08 April 2015

8th April 2015

Botswana Diamonds PLC ("Botswana Diamonds" or the "the Company")

Issue of Shares and Directors' Dealings

Botswana Diamonds (AIM: BOD) has today issued 15,009,381 ordinary shares of £0.01 pence each ("Shares"), to certain directors of the Company in lieu of accrued professional fees. The Shares have been issued at a price of 1.066p each, being the 10 day VWAP to 16 April 2015. Following this issue, the directors' shareholdings in the Company are as follows:

	Previous shareholding	New Shares being issued	Resultant shareholding	Percentage holding of enlarged issued share capital*
John Teeling	26,869,320	9,756,098	36,625,418	15.3%
Jim Finn	10,970,820	3,470,919	14,441,739	6.0%
David Horgan	8,095,720	1,782,364	9,878,084	4.1%

Related party Transaction

The issue of the Shares constitutes a related party transaction for the purposes of Rule 13 of the AIM Rules for Companies. The independent directors of the Company, being Robert Bouquet and Anne McFarland, having consulted with the Company's nominated adviser, Westhouse Securities Limited, consider that the terms of the transaction are fair and reasonable insofar as the Company's shareholders are concerned.

Admission and Total Voting Rights

The new Shares will rank pari passu with the Company's existing ordinary shares.  Application will be made for the new Shares to be admitted to trading on AIM and it is expected that such admission will become effective on or around 14 April 2015.

Following the issue of the new Shares there will be a total of 239,487,648* ordinary shares of £0.01 each in issue with each share carrying the right to one vote.  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.

*As will be enlarged by the placing shares, as announced on 31 March 2015, which are expected to be admitted to trading on 23 April 2015.

Enquiries:

Botswana Diamonds PLC
John Teeling, Chairman	+353 1 833 2833
Jim Finn, Director
Westhouse Securities Limited
Martin Davison	+44 (0) 20 7601 6100
Robert Finlay
Dowgate Capital Stockbrokers Limited
Jason Robertson	+44 (0) 129 351 7744
Blytheweigh	+44 (0) 20 7138 3204
Halimah Hussain	+44 (0) 7725 978 141
PSG Plus
Aoife Ross	+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

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