Statement re Broker

About this update from Karelian Diamond Resources Plc

[{"type":"text","content":"\n \nKarelian Diamond Resources plc\n\n(“Karelian Diamonds” or “the Company”)\n\n2 March 2018\n\nSTATEMENT RE: BROKER\n\nThe Company notes the announcement today regarding Beaufort Securities Limited (“BSL”) and Beaufort Asset Clearing Services Limited (“BACSL”) being placed into insolvency and that the Financial Conduct Authority (the “FCA”) has imposed requirements on BSL and BACSL to cease all regulatory activity.\n\nBSL is the broker to the Company pursuant to the AIM Rules for Companies (the “AIM Rules”).  As a result of the requirements imposed by the FCA, BSL will no longer be able to provide broking services to the Company in accordance with the AIM Rules.\n\nThe Company is seeking to appoint a new broker as soon as possible and a further announcement will be made when this appointment is made.\n\nFurther Information:\n\n\n\nProfessor Richard Conroy, Chairman, Karelian Diamond Resources plc \n          Tel: +353-1-479-6180\n\n\n\nVirginia Bull / James Thomas / Nick Harriss, Allenby Capital Limited (Nomad)\n          Tel: +44-20-3328-5656\n\n\n\nMichael Padley, Lothbury Financial Services Limited\n          Tel: +44-20-3290-0707\n\n\n\nDon Hall, Hall Communications\n          Tel: +353-1-660-9377\n\n\n\nwww.kareliandiamondresources.com\n\n ","length":2317,"tagName":"div"}]

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