REG-Petra Diamonds Ltd: Director/PDMR Shareholding

Petra DiamondsAnnouncement

20/05/2024 14:00

 

 


 

 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                                                                               
 4.        Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted     
 a.        Description of the Financial instrument, type of instrument Identification code                    Ordinary shares of 0.05p per share par value   BMG702782084                                        
 b.        Nature of the transaction                                                                          Purchase of ordinary Shares                                                                        
 c.        Price(s) and volume(s)                                                                                                                                                                                
 Price(s)  Volume(s)                                                                                          
 40.00p    1,500,000                                                                                          
 d.        Aggregated information * Aggregated volume                                                         1,500,000 £600,000                                                                                 
           * Price                                                                                                                                                                                               
 e.        Date of the transaction                                                                            17 May 2024                                                                                        
 1.        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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