Corporate structure

DiamondCorp Plc Group structure

DiamondCorp has one wholly owned subsidiary, namely DHL (DiamondCorp Holdings Ltd), a BVI incorporated company. DHL, in turn, owns 74 percent of the issued share capital of Lace and 100 percent of the issued capital of Soapstone, both of which are incorporated in South Africa. DHL also owns 100% of DCP Diamonds BVBA (incorporated in Belgium). The BEE Partners each hold 13 percent of the issued share capital of Lace. The empowerment Agreement and Shareholders' Agreement govern the relationship between DHL and the BEE Partners in relation to Lace.

 

BEE

DiamondCorp is committed to the empowerment objectives of the Mineral Development Act. Lace is 26 per cent owned by HDP held and controlled companies.

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