Source - RNS
RNS Number : 6086K
Firestone Diamonds PLC
22 September 2016
 

22 September 2016

 

Firestone Diamonds plc

("Firestone" or the "Company") (AIM: FDI)

 

Director dealing

 

Firestone Diamonds plc, the AIM-quoted diamond development company, announces that it was notified on 22 September 2016, that Lucio Genovese, Non-Executive Chairman of the Company, has purchased 1,000,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at 44.5 pence per share Ordinary Share on 22 September 2016.

 

As a result of the purchase, Mr Genovese is now interested in 2,846,944 Ordinary Shares representing approximately 0.91 per cent. of the Company's issued share capital.

 

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

Raffaele (Lucio) Genovese

2.

Reason for the Notification

a)

Position/status

Non - Executive Chairman of the Company

b)

Initial notification/amendment

Initial notification

3.

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

a)

Name

Firestone Diamonds plc

b)

LEI

NA

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

Ordinary shares of 1 pence each

Identification code

GB00BKX59Y86

b)

Nature of the Transaction

Purchase of ordinary shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

44.5p

1,000,000

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

22 September 2016

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

For more information contact:

 

Firestone Diamonds plc

+44 (0)20 8741 7810

Stuart Brown




Strand Hanson Limited (Nomad)

+44 (0)20 7409 3494

Stuart Faulkner


Richard Tulloch


James Dance




Macquarie Capital (Europe) Limited (Joint Broker)


Raj Khatri

+44(0)20 3037 2000

Nick Stamp




Mirabaud Securities LLP (Joint Broker)


Rory Scott

+44 (0)20 7878 3360

Ed Haig-Thomas

+44 (0)20 7878 3447



Tavistock (Public and Investor Relations)

+44 (0)20 7920 3150

Jos Simson

+44 (0)7788 554 035

Emily Fenton


 

Background information on Firestone

 

Firestone is an international diamond development company with operations focused on Lesotho. Firestone is currently in the process of developing the Liqhobong Mine Development Project in Lesotho to become a one million carat per annum producer.

 

Lesotho is emerging as one of Africa's significant new diamond producers, and hosts Gem Diamonds' Letseng Mine, Firestone's Liqhobong Mine, as well as Namakwa Diamonds' Kao Mine and the Mothae development project.

 

For more information please visit: www.firestonediamonds.com.

 

**ENDS**


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