Karelian Diamond
Resources plc
(“Karelian Diamonds” or “the
Company”)
19 July 2019
Director / PDMR
Dealing & Further re Subscription
Director/PDMR Dealing
Karelian Diamonds (AIM:KDR) was informed on 19 July 2019 that, on 19
July 2019 and 18 July 2019,
Professor Richard Conroy, the
Chairman of the Company, purchased a total of 650,000 ordinary
shares of €0.00025 each (“Ordinary Shares”) in the Company at an
average price of 4.21 pence per
Ordinary Share. Professor Conroy now holds 5,556,311 Ordinary
Shares, equivalent to 15.02% of the ordinary share capital of the
Company.
The Company confirms that in addition to the 5,556,311 Ordinary
Shares held in his own name, Conroy PLC, a company in which
Professor Conroy holds a controlling interest, holds a further
1,232,601 Ordinary Shares, equivalent to 3.33% of the ordinary
share capital of the Company. The combined holding of
Professor Conroy and Conroy PLC is therefore 6,788,912 Ordinary
Shares, equivalent to 18.35% of the ordinary share capital of the
Company.
Further re Subscription
The Company confirms that further to its announcement of
15 July 2019 the Subscription Shares
were this morning admitted to trading on AIM and completion of the
Subscription has occurred.
As previously announced the Subscription Shares were subscribed
for by a new investor, Martello Holdings Limited (“Martello”), at a
price of 4 pence per Subscription
Share. Following Admission Martello have an interest in 2,500,000
Ordinary Shares representing 6.8 per cent. of the current issued
share capital of the Company.
The Company can confirm that the ultimate beneficial holder of
Martello is Thomas Anderson.
Defined terms used in this
announcement in relation to the Subscription have the same meaning
as set out in the announcement released by the Company on
15 July 2019.
For further information please contact:
| Karelian Diamond
Resources plc |
Tel:
+353-1-479-6180 |
| Professor Richard
Conroy, Chairman |
|
| Allenby Capital
Limited (Nomad) |
Tel:
+44-20-3328-5656 |
| Nick Athanas/Nick
Harriss |
|
| Brandon Hill
Capital Limited (Broker) |
Tel:
+44-20-3463-5000 |
| Jonathan Evans |
|
| Lothbury Financial
Services |
Tel:
+44-20-3290-0707 |
| Michael Padley |
|
| Hall
Communications |
Tel:
+353-1-660-9377 |
| Don Hall |
|
www.kareliandiamondresources.com
Notification and public disclosure of
transactions by persons discharging managerial responsibilities and
persons closely associated with them:
| 1 |
Details
of the person discharging managerial responsibilities / person
closely associated |
| a) |
Name |
Professor Richard Conroy |
| 2 |
Reason
for the notification |
| a) |
Position/status |
Chairman |
| b) |
Initial notification
/Amendment |
Initial notification |
| 3 |
Details
of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor |
| a) |
Name |
Karelian Diamond Resources plc |
| b) |
LEI |
63540092EZYLYI8LGX48 |
| 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
€0.00025
IE00BD09HK61 |
| b) |
Nature of the
transaction |
Purchase of Ordinary Shares |
| c) |
Price(s) and
volume(s) |
|
Price(s) |
Volume(s) |
4.10p
4.30p
4.25p
4.30p |
250,000
100,000
150,000
150,000 |
|
| d) |
Aggregated
information
- Aggregated volume
- Price |
650,000
4.21p |
| e) |
Date of the
transaction |
18 July 2019 – 250,000
at 4.10p
19 July 2019 – remainder of trades detailed above |
| f) |
Place of the
transaction |
AIM - London Stock Exchange |