March 1, 2017

Directors’ Dealings

1 March 2017

AIM: STEL

Stellar Diamonds plc

(“Stellar” or the “Company”)

Directors’ Dealings

On 28 February 2017, the Company received notification of the following share purchase transactions in its ordinary shares of 1 pence each (“Ordinary Shares”) by certain Directors of the Company, all of which occurred on 28 February 2017:

PMDR Position Shares purchased Price per share Consideration
Peter Daresbury Non-Executive Chairman 90,000 5.50p £4,950
Karl Smithson Chief Executive & director 103,247 4.85p £5,007
Steven Poulton Non-executive director 250,000 4.95p £12,370

Following the above share purchases the Directors hold the following numbers of shares in the Company:

Director Number of shares purchased on 28 February 2017 Number of shares held subsequent to the share purchases Percentage holding of issued share capital as at today
Peter Daresbury 90,000 628,936 1.67%
Karl Smithson 103,247 728,266 1.93%
Steven Poulton 250,000 567,342 1.50%
Total 443,247 1,924,544 5.1%

As announced on 27 February 2017 certain Directors have also agreed to convert certain accrued fees, salary and benefits up to 31 March 2017 amounting to £72,323 alongside the open offer at the open offer price of 5.5 pence per share (“Director Fee Shares”), and Steven Poulton has subscribed for a further 363,636 ordinary shares at 5.5 pence to raise £20,000 alongside the open offer (“Subscription Shares”). Issue of these Director Fee Shares and Subscription Shares is conditional upon the passing of certain resolutions at the Annual General Meeting to be held on 24 March 2017. The allocation of Director Fee Shares and Subscription Shares to the relevant Directors is set out below. Details of percentage holdings will be announced following the Annual General Meeting and completion of the Open Offer.

Director Number of Director Fee Shares Number of Subscription Shares Total beneficial holding after the issue of the Director Fee Shares and Subscription Shares1
Peter Daresbury 639,358 1,268,294
Karl Smithson 389,844 1,118,110
Steven Poulton 285,767 363,636 1,216,745
Total 1,314,969 363,636 3,603,149

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information contact the following or visit the Company’s website at www.stellar-diamonds.com.

Karl Smithson, CEO

Philip Knowles, CFO

Stellar Diamonds plc

Stellar Diamonds plc

Tel: +44 (0) 20 7010 7686

Tel: +44 (0) 20 7010 7686

Emma Earl

Sandy Jamieson

Cairn Financial Advisers (Nominated Adviser) Tel: +44 (0) 20 7213 0880
Jon Bellis Beaufort Securities Limited (Joint Broker) Tel: +44 (0) 20 7382 8300
Martin Lampshire

Rory Scott

Peterhouse Corporate Finance (Joint Broker)

Mirabaud Securities (Financial Advisers)

Tel: +44 (0) 20 7469 0930

Tel: +44 (0) 20 7878 3360

Lottie Brocklehurst

Charlotte Page

St Brides Partners Ltd

(Financial PR)

Tel: +44 (0) 20 7236 1177
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person closely associated
a. Name Steven Poulton
2 Reason for notification  
a. Position/Status Director
b. Initial notification/

Amendment

Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a. Name Stellar Diamonds Plc
b. LEI  
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 1 pence each

 

GB00BYZ5QT80

b. Nature of the transaction Purchase of shares
c. Price(s) and volume(s)          
  Price(s) per share Volume(s)  
4.8 pence

4.99 pence

5.25 pence

5.45 pence

150,000

50,000

25,000

25,000

 
 
d. Aggregated information

– Aggregated Volume

– Price

250,000 shares

4.95 pence per share

e. Date of the transaction 28 February 2017
f. Place of the transaction London AIM
     
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person closely associated
a. Name Lord Peter Daresbury
2 Reason for notification  
a. Position/Status Director
b. Initial notification/

Amendment

Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a. Name Stellar Diamonds Plc
b. LEI  
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 1 pence each

 

GB00BYZ5QT80

b. Nature of the transaction Purchase of shares
c. Price(s) and volume(s)          
  Price(s) per share Volume(s)  
5.5 pence 90,000  
 
d. Aggregated information

– Aggregated Volume

– Price

90,000 shares

5.5 pence per share

e. Date of the transaction 28 February 2017
f. Place of the transaction London AIM
     
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person closely associated
a. Name Nicholas Karl Smithson
2 Reason for notification  
a. Position/Status Director
b. Initial notification/

Amendment

Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a. Name Stellar Diamonds Plc
b. LEI  
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 1 pence each

 

GB00BYZ5QT80

b. Nature of the transaction Purchase of shares
c. Price(s) and volume(s)          
  Price(s) per share Volume(s)  
4.85 pence 103,247  
 
d. Aggregated information

– Aggregated Volume

– Price

103,247 shares

4.85 pence per share

e. Date of the transaction 28 February 2017
f. Place of the transaction London AIM