PETRA DIAMONDS LIMITED
| 27 February 2023 | 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 24 and 27 February 2023 of the purchase of shares in the Company by Varda Shine, Senior Independent Non-Executive Director of Petra Diamonds Limited.
Varda Shine, Senior Independent Non-Executive Director and Chair of Petra’s Remuneration Committee, has purchased 24,755 ordinary shares of 0.05 pence each ("Shares") in the Company at an average price of 80.6 pence per Share. As a result of these trades, Varda Shine now holds 24,755 Shares representing approximately 0.013% of the Company's issued share capital.
| Details of the person discharging managerial responsibilities / person closely associated | ||||||
| Name | Varda Shine | |||||
| Reason for the notification | ||||||
| Position/status | Senior Independent Non-Executive Director | |||||
| Initial notification/Amendment | Initial Notification | |||||
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
| Name | Petra Diamonds Limited | |||||
| LEI | 213800X4QZIAVSA12860 | |||||
| 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 | ||||||
| Description of the Financial instrument, type of instrument Identification code |
Ordinary shares of 0.05p per share par value BMG702782084 | |||||
| Nature of the transaction | Purchase of ordinary shares | |||||
| Price(s) and volume(s) |
| |||||
| Aggregated information | 24,755 £19,956.28 | |||||
| Date of the transaction | 24 February 2023 | |||||
| Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||
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For further information, please contact:
Petra Diamonds, London Telephone: +44 20 7494 8203
Patrick Pittaway investorrelations@petradiamonds.com Julia Stone
About Petra Diamonds Limited
Petra 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 producing mines in South Africa (Finsch, Cullinan Mine and Koffiefontein) and one open pit mine in Tanzania (Williamson).
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 Group 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 Group’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.
