Stmnt re Share Price Movement
13 August 2010 - 8:00AM
UK Regulatory
TIDMAFD
RNS Number : 0220R
African Diamonds PLC
13 August 2010
13 August 2010
African Diamonds plc
("African Diamonds" or the "Company")
Statement re Share Price Movement
African Diamonds advises that it has received an unsolicited proposal regarding
a potential offer to acquire the entire issued and to be issued share capital of
the Company. The Board of African Diamonds does not consider the proposal as
currently constituted to be one it would recommend to shareholders and there can
be no certainty that an offer will be made for African Diamonds or as to the
terms on which any such offer would be made.
African Diamonds also advises that, further to the announcement dated 29 June
2010, it continues to progress financing options regarding the development of
AK6 and is in discussion with a potential investor to provide additional
financial facilities to the Company.
Further announcements will be made if and when appropriate.
African Diamonds is centrally managed and controlled outside of the United
Kingdom, Channel Islands and Isle of Man and is not subject to the City Code on
Takeovers and Mergers.
For further information please contact:
African Diamonds Plc
John Teeling Tel: +353 1 833
2833
James AH Campbell Tel: +27 83 457 3724
finnCap
Matthew Robinson, Corporate Finance Tel: +44 207 600 1658
Henrik Persson
College Hill
Nick Elwes Tel: +44 207 457
2020
www.afdiamonds.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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