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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Petra Diamonds Limited | LSE:PDL | London | Ordinary Share | BMG702782084 | ORD GBP0.0005 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.80 | -1.90% | 41.20 | 41.00 | 41.40 | 42.00 | 42.00 | 42.00 | 21,116 | 16:35:07 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPDL
RNS Number : 6247N
Petra Diamonds Limited
27 October 2016
27 October 2016 LSE: PDL
Petra Diamonds Limited
("Petra," "the Company" or "the Group")
Notification of Transactions of Directors
Petra Diamonds Limited announces the following transactions of Directors:
This notification is made in accordance with Disclosure Rule 3.1 of the Disclosure Guidance and Transparency Rules ("DTR") and Article 19(3) of the Market Abuse Regulation ("MAR").
1. Director transactions
On 27 October 2016, Johan Dippenaar and Jim Davidson became beneficiaries of a trust, African Rainbow Trust of which, inter alia, Adonis Pouroulis is currently a beneficiary (the "Transaction"). As previously announced by the Company on 14 April 2009 and 10 December 2009, ordinary shares in the share capital of the Company ("Shares") were acquired and registered in the trust ("Trust Shares"). Prior to completion of the Transaction, neither Johan Dippenaar nor Jim Davidson had any interest, voting or dividend rights in the Trust Shares.
The announcements referenced above can be accessed by opening the below links:
https://irssl.euroinvestor.com/asp/ir/PetraDiamonds/https/NewsRead.aspx?storyid=13082494&ishtml=0
https://irssl.euroinvestor.com/asp/ir/PetraDiamonds/https/NewsRead.aspx?storyid=13082478&ishtml=0
Following completion of the Transaction, the interest in the Trust Shares are equally divided amongst the beneficiaries of the trust. The transaction will provide Johan Dippenaar and Jim Davidson with an interest in 1,052,637 Shares each, while Adonis Pouroulis' interest will reduce by 777,013 Shares and the remaining beneficiaries' interest will reduce by 1,328,261 Shares. Johan Dippenaar and Jim Davidson are not required to pay any further consideration in connection with the Transaction.
Further, on 27 October 2016, Johan Dippenaar acquired 2,796,616 Shares and Jim Davidson acquired 2,716,569 Shares respectively (in aggregate, the "Crown Shares"). These shares were acquired from the previous controlling shareholders of Crown Diamonds NL ("Crown") (the company which Petra merged with in 2005) and the private company structure that preceded Crown. The shares were acquired for nil consideration pursuant to a non-contractual agreement between the parties. Prior to this transfer, neither Johan Dippenaar nor Jim Davidson had any interest, voting or dividend rights in the Crown Shares.
There are currently 529,989,968 Ordinary Shares in issue, which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in (or a change to their interest in) Petra under the FCA's Disclosure and Transparency Rules.
2. Changes to Directors' shareholdings
As a result of the transactions described above, the following directors' interests in the Company as at 27 October 2016, are as follows:
Director Total Holding Shareholding Resulting Percentage of Ordinary Shares post completion Holding in the prior to completion of the Transactions Company of the transactions ------------------ --------------------- --------------------- --------------------- Adonis Pouroulis 9,564,650 8,787,637 1.66% ------------------ --------------------- --------------------- --------------------- Johan Dippenaar 1,160,719 5,009,972 0.95% ------------------ --------------------- --------------------- --------------------- Jim Davidson 1,043,775 4,812,981 0.91% ------------------ --------------------- --------------------- ---------------------
-- Ends --
For further information, please contact:
Petra Diamonds, London Telephone: +44 20 7494 8203 Salisha Ilyas salisha.ilyas@petradiamonds.com Buchanan Telephone: 44 20 7466 5000 (PR Adviser) Bobby Morse bobbym@buchanan.uk.com Anna Michniewicz annam@buchanan.uk.com RBC Capital Markets Telephone: +44 20 7653 4000 (Joint Broker) Matthew Coakes matthew.coakes@rbccm.com Jonathan Hardy jonathan.hardy@rbccm.com Barclays Telephone: +44 20 7623 2323 (Joint Broker) Bertie Whitehead bertie.whitehead@barclays.com Philip Drake philip.e.drake@barclays.com BMO Capital Markets Telephone: +44 20 7236 1010 (Joint Broker) Jeffery Couch jeffery.couch@bmo.com Neil Haycock neil.haycock@bmo.com
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About Petra Diamonds Limited
Petra Diamonds is a leading independent diamond mining group and an increasingly important supplier of rough diamonds to the international market. The Company has interests in five producing operations: three underground mines in South Africa (Finsch, Cullinan and Koffiefontein), the Kimberley Operations (including the Kimberley Underground mine and extensive tailings retreatment operations) and one open pit mine in Tanzania (Williamson). It also maintains an exploration programme in Botswana.
Petra has a core objective to steadily increase annual production to ca. 5.3 million carats by FY 2019. The Group has a significant resource base in excess of 300 million carats.
Petra conducts all operations according to the highest ethical standards and will only operate in countries which are members of the Kimberley Process. Petra is quoted with a premium listing on the Main Market of the London Stock Exchange under the ticker 'PDL' and is a constituent of the FTSE4Good Index. For more information, visit the Company's website at www.petradiamonds.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
October 27, 2016 07:00 ET (11:00 GMT)
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