RNS Number : 3124S
AIM
07 September 2010
 



 

 

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")


COMPANY NAME:

 

FIRESTONE DIAMONDS PLC

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

REGISTERED OFFICE: 1 PARK ROW, LEEDS, LS1 5AB

 

TRADING ADDRESS: 26-28 Hammersmith Grove, London, W6 7BA

COUNTRY OF INCORPORATION:

UNITED KINGDOM

 

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.firestonediamonds.com

 

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY).  IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

 

Diamond exploration, development and mining in Botswana and Lesotho

 

Admission is sought as a result of a reverse takeover of Kopane Diamond Developments plc

 

 

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

UP TO 272,159,690 ORDINARY SHARES OF 20P EACH

 

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

 

Nil funds to be raised on admission

 

Anticipated market capitalisation on Admission: £71.4 MILLION

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

 

Approximately 6.0%

 

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

 

The Company has announced its intention to seek a secondary listing for its shares on the Botswana Stock Exchange.  No application has yet been made, and none will be made until after re-Admission to AIM.

 

 

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

 

James F. Kenny (CHAIRMAN)

Philip Kenny (Chief Executive Officer)
Hugh Jenner-Clarke (NON-executive Director)
James Kenny (Non-executive Director)
Michael Hampton (Non-executive Director)
William Douglas Baxter (Non-executive Director)

 

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

 


At 6 September 2010

Following Admission*

Name

Ordinary Shares

%

Ordinary Shares

%

JP Morgan Asset Management

13,059,536

10.21

26,587,826

9.77

Obtala Resources

0

0

22,677,261

8.33

Lanstead Partners

0

0

21,414,564

7.87

HSBC Global Asset Management

0

0

12,411,028

4.56

AXA Framlington

8,383,600

6.56

8,383,600

3.08

Blenheim Trust Company

8,166,328

6.39

8,166,328

3.00

Legal & General Investment Management

8,119,000

6.34

8,119,000

2.98

UBS Wealth Management

7,407,600

5.79

7,407,600

2.72

Aurora International Investments

7,200,000

5.63

7,200,000

2.65

Gartmore Investment Management

5,122,342

4.01

5,122,342

1,88

TD Waterhouse Investor Services

4,979,258

3.89

11,005,629

4.04

Barclays Wealth

4,051,032

3.17

4,051,032

1.49

Fidelity International Limited

4,080,000

3.19

4,080,000

1.50

 

* Assuming that the maximum number of 144,268,053 Ordinary Shares will be issued.

 

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

 

N/A

 

 

(i)         ANTICIPATED ACCOUNTING REFERENCE DATE

(ii)        DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii)       DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

 

(i)         30 June

(ii)        31 December 2009

(iii)(a)   31 December 2010

(iii) (b)  31 March 2011

(iii) (c)  31 December 2011

 

EXPECTED ADMISSION DATE:

30 September 2010

 

NAME AND ADDRESS OF NOMINATED ADVISER:

BREWIN DOLPHIN LIMITED, 12 Smithfield Street, London, EC1A 9BD

 

NAME AND ADDRESS OF BROKER:

EVOLUTION SECURITIES LIMITED, 100 Wood Street, London, EC2V 7AN

 

MIRABAUD SECURITIES, 21 ST James's Square, London, SW1Y 4JP

 

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The Admission document which contains full details about Firestone Diamonds plc and the admission of its securities is available at the offices of Brewin Dolphin and on the Company's website: www.firestonediamonds.com

 

 

DATE OF NOTIFICATION:

 

7 September 2010

NEW/ UPDATE:

 

NEW

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
 
 

RNS news service provided by Hemscott Group Limited.

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