Kopane Diamond Developments PLC
LSE : KDD

December 03, 2009 08:05 ET

Notification of Major Share Interest

                                                 
                                  KOPANE DIAMOND DEVELOPMENTS Plc
                                    ("Kopane" or the "Company")
                                                 

For filings with the FSA include the annex
For filings with issuer exclude the annex


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of        
existing shares to which voting rights are attached:                       Kopane Diamond Developments Plc

2 Reason for the notification (please tick the appropriate box or boxes):
                                                                                                      
An acquisition or disposal of voting rights                                                           YES
                                                                                                       
An acquisition or disposal of qualifying financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached
                                                                                                       
An acquisition or disposal of instruments with similar economic effect to qualifying financial
instruments
                                                                                                       
An event changing the breakdown of voting rights
                                                                
Other (please specify):      Inclusion of CFD following rule change

3. Full name of person(s) subject to the notification                                                       
obligation:                                                                              Lanstead Capital LP

4. Full name of shareholder(s) (if different from 3.):                                  KAS Nominees Limited
                                                                                                            
5. Date of the transaction and date on which the threshold                                                  
is crossed or reached:                                                                      17 November 2009

6. Date on which issuer notified:                                                           23 November 2009
               
7. Threshold(s) that is/are crossed or reached:                                                             
                                                                                                            
8. Notified details:

A: Voting rights attached to shares

Class/type of       Situation previous         Resulting situation after the triggering transaction
shares              to the triggering
                    transaction
if possible using
the ISIN CODE
                    Number       Number        Number       Number of voting        % of  voting rights
                    of           of            of shares    rights
                    Shares       Voting
                                 Rights        Direct       Direct        Indirect  Direct        Indirect 
                                                            
 GB0002998978       0            0             24,750,000   24,750,000              9.85%        
                                                                                                  

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial         Expiration        Exercise/           Number of voting          % of voting
instrument                date              Conversion          rights that may be        rights
                                            Period              acquired if the
                                                                instrument is
                                                                exercised/ converted.
                                                                

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial    Exercise    Expiration     Exercise/        Number of voting       % of voting rights
instrument           price       date           Conversion       rights instrument      
                                                period           refers to
                                                                                         Nominal      Delta
                                                                                                        
                                                                                                     

Total (A+B+C)

Number of voting rights                                      Percentage of voting rights
24,750,000                                                   9.85%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

Total disclosable holding for Lanstead Partners LP: 24,750,000 (9.85%)

Lanstead Partners LP: 24,750,000 (9.85%)



Proxy Voting:

10. Name of the proxy holder:                                                                            N/A

11. Number of voting rights proxy holder will cease to                                                   N/A
hold:

12. Date on which proxy holder will cease to hold voting                                                 N/A
rights:


13. Additional information:                                                                              N/A

14. Contact name:                                                                                James Cable
                                                                             Kopane Diamond Developments Plc
                                                                              235 - 237 Vauxhall Bridge Road
                                                                                             London SW1V 1EJ

15. Contact telephone number:                                                                  0207 963 9590
                                                                                                            


For further information contact:                         
Kopane Diamond Developments Plc                          Threadneedle Communications
Frank Scolaro, Chairman                                  Laurence Read/Beth Harris
James Cable, Finance Director                            +44 (0) 207 653 9850
+44 (0) 20 7963 9590

FinnCap
Matthew Robinson/Ed Frisby
+44 (0) 20 7600 1658

e-mail: ir@kopanediamonds.com
website: www.kopanediamonds.com

Contact Information

  • Kopane Diamond Developments PLC