Kopane Diamond Developments PLC
LSE : KDD

June 05, 2009 02:00 ET

Notification of Major Share Interest

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
                                                                                                       
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                                      YES

3. Full name of person(s) subject to the notification                                                       
obligation:                                                          JPMorgan Asset Management Holdings Inc.

4. Full name of shareholder(s) (if different from 3.):                JPMorgan Asset Management (UK) Limited
                                                                      
5. Date of the transaction and date on which the threshold                                                  
is crossed or reached:                                                                          01 June 2009

6. Date on which issuer notified:                                                               03 June 2009 
                                                                                                
7. Threshold(s) that is/are crossed or reached:                                                  10% Upwards           
                                                                                                 

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       8,700,000    8,700,000     15,847,167              15,847,167                 7.22%
                                                                       
                                                                                                  

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
Call Warrant         25p         17/07/09                        5,500,000                              
Call Warrant         30p         17/07/09                        1,400,000              3.14%

Total (A+B+C)

Number of voting rights                                      Percentage of voting rights
 22,747,167                                                   10.36%

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

Total disclosable holding for JPMorgan Asset Management Holdings Inc: 22,747,167 (10.36%)


JPMorgan Asset Management (UK) Limited: 22,747,167 (10.36%)




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
Francesco Scolaro, Chairman                          Laurence Read/Graham Herring
James Cable, Finance Director                        +44 (0) 20 7653 9850
+44 (0) 20 7963 9590

Canaccord Adams Limited
Robert Finlay
Mike Jones
+44 (0) 20 7050 6500

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

Contact Information

  • Kopane Diamond Developments PLC