Company Announcements

 

 

 

        20 May 2024 LSE: PDL

 

Petra Diamonds Limited
( Petra , the Company or the Group )

Notification and public disclosure of transactions by Director/PDMR Shareholding

The Company was notified on 17 May 2024 of the purchase of shares in the Company by   José-Manuel Vargas, a Non-Executive Director of   Petra Diamonds Limited.

Mr Vargas has purchased 1,500,000 ordinary shares of   0.05 pence   each (the Shares ) in the Company at an average price of   40 pence   per Share. As a result of these trades,   Mr Vargas now holds 17,000,000 Shares representing approximately 8.75% of the Company's issued share capital.

 ________________________________________________________________________
|1.|Details of the person discharging managerial responsibilities /      |
|  |person closely associated                                            |
|__|_____________________________________________________________________|
|a.|Name                          |José-Manuel Vargas                    |
|__|______________________________|______________________________________|
|2.|Reason for the notification                                          |
|__|_____________________________________________________________________|
|a.|Position/status               |Non-Executive Director                |
|__|______________________________|______________________________________|
|b.|Initial notification/Amendment|Initial Notification                  |
|__|______________________________|______________________________________|
|3.|Details of the issuer, emission allowance market participant, auction|
|  |platform, auctioneer or auction monitor                              |
|__|_____________________________________________________________________|
|a.|Name                          |Petra Diamonds Limited                |
|__|______________________________|______________________________________|
|b.|LEI                           |213800X4QZIAVSA12860                  |
|__|______________________________|______________________________________|
|  |Details of the transaction(s): section to be repeated for (i) each   |
|4.|type of instrument; (ii) each type of transaction; (iii) each date;  |
|  |and (iv) each place where transactions have been conducted           |
|__|_____________________________________________________________________|
|  |Description of the Financial  |                                      |
|  |instrument, type              |Ordinary shares of 0.05p per share par|
|a.|                              |value                                 |
|  |of instrument                 |                                      |
|  |                              |BMG702782084                          |
|  |Identification code           |                                      |
|__|______________________________|______________________________________|
|b.|Nature of the transaction     |Purchase of ordinary Shares           |
|__|______________________________|______________________________________|
|  |                              | __________________                   |
|  |                              ||Price(s)|Volume(s)|                  |
|c.|Price(s) and volume(s)        ||________|_________|                  |
|  |                              ||40.00p  |1,500,000|                  |
|  |                              ||________|_________|                  |
|__|______________________________|______________________________________|
|  |Aggregated information        |1,500,000                             |
|d.|                              |                                      |
|  |    --  Aggregated volume     |£600,000                              |
|__|____--__Price_________________|______________________________________|
|e.|Date of the transaction       |17 May 2024                           |
|__|______________________________|______________________________________|
|  |Place of the transaction      |London Stock Exchange, Main Market    |
|  |                              |(XLON)                                |
|__|______________________________|______________________________________|

 

 

~ Ends ~

 

 

For further information, please contact:

 

Investor Relations, London     Telephone: +44 20 7494 8203        

Patrick Pittaway         investorrelations@petradiamonds.com

Julia Stone

Kelsey Traynor

     

 

About Petra Diamonds Limited

a Diamonds is a leading independent diamond mining group and a supplier of gem quality rough diamonds to the international market. The Company's portfolio incorporates interests in three underground mines in   South Africa   (Cullinan Mine, Finsch and Koffiefontein) and one open pit mine in   Tanzania   (Williamson). The Koffiefontein mine is currently on care and maintenance in preparation for a possible sale following the execution of a definitive sales agreement as announced on   8 April 2024.

 

Petra's strategy is to focus on value rather than volume production by optimising recoveries from its high-quality asset base in order to maximise their efficiency and profitability. The Group has a significant resource base which supports the potential for long-life operations.

 

Petra strives to conduct all operations according to the highest ethical standards and only operates in countries which are members of the Kimberley Process. The Company aims to generate tangible value for each of its stakeholders, thereby contributing to the socio-economic development of its host countries and supporting long-term sustainable operations to the benefit of its employees, partners and communities.

 

Petra is quoted with a premium listing on the Main Market of the   London Stock Exchange   under the ticker 'PDL'. The Company's loan notes due in 2026 are listed on the   Irish Stock Exchange   and admitted to trading on the   Global Exchange Market. For more information, visit   www.petradiamonds.com .

 

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