£89.11m
-0.75p
76.25p
Namakwa Diamonds Limited
07 February 2008
7th February, 2008
Namakwa Diamonds Limited ("Namakwa Diamonds" or the "Company") - Notification of
Transaction of Directors, Persons Discharging Managerial Responsibility or
Connected Persons pursuant to DTR 3.1.4R(1)
Namakwa Diamonds (LSE: NAD) today announces that on February 6, 2008 the Kruger
Family Foundation purchased 100,000 Namakwa Diamond ordinary shares at an
average price of 141.15 GBp. Following the purchase of the shares, the Kruger
Family Foundation now own 18,512,595 shares representing approximately 14.18% of
the ordinary shares of the Company.
The Kruger Family Foundation comprises the members of the Kruger family,
including Nico Kruger, Chief Executive of Namakwa Diamonds, Tom Kruger, Deputy
Chairman of the Company, and Heno Kruger, the Company's Head of Beneficiation.
The foundation believes that this share purchase demonstrates the family's
ongoing commitment to Namakwa Diamonds, and its view that current share price
represents a significant value opportunity supported by the Group's operations
and development projects.
For further information please contact:
Namakwa Diamonds - Nico Kruger
Tel: +27 11 334 8886
Taylor Rafferty - Rob Newman
Tel: +44 207 614 2900
About Namakwa:
Following its successful Initial Public Offer on December 19, 2007 on the London
Stock Exchange, Namakwa Diamonds is the only quoted vertically integrated
diamond mining company. Its strategy of backward integration from its 30 years
of beneficiation experience into mining has created a unique public investment
proposition. Namakwa Diamonds has a diversified portfolio of diamond projects,
which includes five distinct diamond resource target areas. These are located in
four African countries, namely; South Africa, the Democratic Republic of Congo,
Namibia and Angola. Namakwa's projects are located within historically
prospective geological environments. Alluvial diamond deposits constitute the
primary focus of the company, whilst kimberlite opportunities will be considered
if they represent an advanced stage of development, consistent with Namakwa's
philosophy of a short resource delivery time as provided by its alluvial diamond
mines.
This information is provided by RNS
The company news service from the London Stock Exchange