RNS Number : 2183M
African Diamonds PLC
26 January 2009
African Diamonds PLC
('AFD' or 'the Company')
On 9 January 2009, the FSA issued guidance on the obligations to disclose security granted over shares held by Persons Discharging Managerial Responsibilities (PDMRs) and their connected persons for listed companies.
The Company therefore announces in accordance with its obligations under AIM Rule 17, that the Company's Executive Chairman, John Teeling, has entered into an agreement in which his shares in AFD serve as collateral against amounts borrowed from time to time. Included in the collateral are 3,295,820 ordinary shares of AFD, which represent 4.32% of the Company's issued share capital. Mr. Teeling remains the registered holder and beneficial owner of all ordinary shares referred to above and retains control of the voting rights associated therewith.
Enquiries:
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African Diamonds
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John Teeling, Executive Chairman
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+353 1 833 2833
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James Campbell, Managing Director
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+27 83 457 3724
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RBC Capital Market
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Andrew Smith
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+44 20 7029 7882
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Martin Eales
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+44 20 7029 7881
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College Hill
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Paddy Blewer
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+44 207 457 2020
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Nick Elwes
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This information is provided by RNS
The company news service from the London Stock Exchange
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