Court confirmation of Reduction of Capital
September 29 2010 - 6:20AM
UK Regulatory
TIDMKDD
Court confirmation of Reduction of Capital
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO
DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
29 September 2010
Kopane Diamond Developments PLC
("Kopane" or the "Company")
Offer Update: Court confirmation of Reduction of Capital
Further to the announcement dated 27 September 2010, Kopane and Firestone are pleased to announce that the
High Court of Justice in England and Wales has today made an order confirming the reduction of Kopane's
share capital in connection with the Scheme of Arrangement by which Firestone's Acquisition of Kopane is
being implemented. This follows the Court's sanction of the Scheme at a hearing held on 27 September 2010.
The Scheme will become effective upon the Court Orders being delivered to the Registrar of Companies which
is expected to take place on 30 September 2010. The trading of Kopane's Shares on AIM is expected to be
cancelled at 7.00 a.m. on 30 September 2010, the anticipated Effective Date of the Scheme.
If any of these expected dates change, Kopane will, unless the Panel on Takeovers and Mergers otherwise
consents, give notice of the change by issuing an announcement through a Regulatory Information Service.
An expected timetable of principal events is set out below:
Last day of dealings in, and time for registration
of transfers of, and disablement in CREST of, Kopane
Shares 4.30 p.m. on 29 September 2010
Scheme Record Time 6.00 p.m. on 29 September 2010
Effective Date of the Scheme 30 September 2010
Cancellation of trading in Kopane Shares on AIM 7.00 a.m. on 30 September 2010
Cancellation of trading in Existing Firestone Shares
on AIM 7.00 a.m. on 30 September 2010
Admission of, and time of commencement of dealings
in, New Firestone Shares on AIM and re-admission and
recommencement of dealings in, Existing Firestone
Shares on AIM 8.00 a.m. on 30 September 2010
Crediting of New Firestone Shares to CREST accounts 8.00 a.m. on 30 September 2010
Latest date for despatch of New Firestone Share
certificates and crediting of CREST accounts under
the Scheme 14 October 2010
Capitalised terms used in this announcement but not defined have the meanings given to them in the Scheme
Document published by Kopane on 13 August 2010 (the "Scheme Document").
Enquiries:
Investor Contacts: Kopane
Frank Scolaro, Chairman
James Cable, Finance Director
+44 20 7963 9590
Investor Contacts: Firestone
Philip Kenny
+ 44 20 8834 1028
finnCap, financial adviser, Rule 3 adviser and nominated adviser to Kopane
Matthew Robinson / Sarah Wharry/ Ed Frisby
+ 20 7600 1658
Evolution Securities, financial adviser, corporate broker and Rule 3 adviser to Firestone
Simon Edwards / Tim Redfern
+44 20 7071 4330 / 4312
Brewin Dolphin, nominated adviser to Firestone
Alexander Dewar / Neil McDonald
+44 131 529 0276
Threadneedle Communications, media contacts for Kopane
Laurence Read / Beth Harris
+ 44 20 7653 9850
Conduit PR, media contacts for Firestone
Jos Simson / Leesa Peters
+44 20 7429 6603 / +44 7899 870 450
finnCap, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is
acting exclusively for Kopane and no-one else in connection with the matters described in this Announcement
and will not be responsible to anyone other than Kopane for providing the protections afforded to clients
of finnCap nor for providing advice in relation to the Acquisition or any other matter described in this
announcement.
Evolution Securities and Brewin Dolphin, which are authorised and regulated in the United Kingdom by the
Financial Services Authority, are acting exclusively for Firestone and no-one else in connection with the
matters described in this document and will not be responsible to anyone other than Firestone for providing
the protections afforded to clients of Evolution Securities or Brewin Dolphin or for providing advice in
relation to the Acquisition or any other matter described in this announcement.
Publication on websites
A copy of this announcement and certain information published or otherwise made available by Kopane in
connection with the Acquisition is available at: http://www.kopanediamonds.com/s/Home.asp.
A copy of this announcement and certain information published or otherwise made available by Firestone in
connection with the Acquisition is available at: http://www.firestonediamonds.com.
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