Petra Diamonds Limited Notification of Transaction of Director / PDMR (7089F)

TIDMPDL

RNS Number : 7089F

Petra Diamonds Limited

19 May 2017

 
 19 May 2017   LSE: PDL 
 

Petra Diamonds Limited

("Petra," "the Company" or "the Group")

Notification of Transaction of Director / PDMR

Petra Diamonds Limited announces the following transaction of a Director/Person Discharging Managerial Responsibility ("PDMR").

The transaction below took place on 19 May 2017 in London and was notified to the Company on the same day. The transaction relates to the exercise of option awards and the subsequent sale of shares.

EXERCISE OF OPTIONS FROM THE 2005 SHARE OPTION PLAN, AND SUBSEQUENT SALE:

 
 NAME           AWARD       NO. OF     EXERCISE    DESCRIPTION     NUMBER     SALE PRICE 
                 TYPE       OPTIONS      PRICE      OF SHARES     OF SHARES    PER SHARE 
                           EXERCISED   PER OPTION                  SOLD / 
                                                                    ISC* 
------------  ---------  -----------  -----------  -----------  -----------  ----------- 
                 2005                               Ordinary 
                 Share                                shares 
 Adonis         Option                                of 10p      250,000 
  Pouroulis      Plan      250,000       27.5p         each       / 0.047%     133.12p 
------------  ---------  -----------  -----------  -----------  -----------  ----------- 
 

*Issued Share Capital (ISC)

The Company issued 250,000 ordinary shares of 10p each ("new Ordinary Shares") with voting rights. The new Ordinary Shares are covered under the Company's existing six month block listing return. The Company's issued share capital post the issue of the new Ordinary Shares consisted of 530,491,218 ordinary shares of 10p each with voting rights. Therefore, the total number of voting rights in Petra is 530,491,218.

The above figure of 530,491,218 Ordinary Shares 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.

Following the exercise of option awards and subsequent sale, Adonis Pouroulis holds 7,735,000 shares, representing 1.46% of the total issued share capital.

Ends

For further information, please contact:

   Petra Diamonds, London                                         Telephone: [phone] 

Cathy Malins [e-mail]

Cornelia Grant [e-mail]

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 Ekapa Mining joint venture (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 www.petradiamonds.com.

a)

 
 1.         Details of the person discharging managerial 
             responsibilities / person closely associated 
---------  ----------------------------------------------------------------- 
      a)    Name                                   Adonis Pouroulis 
---------  -------------------------------------  -------------------------- 
 2.         Reason for the notification 
---------  ----------------------------------------------------------------- 
      a)    Position/status                        Non-Executive Chairman 
---------  -------------------------------------  -------------------------- 
      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 
---------  -------------------------------------  -------------------------- 
 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                     Ordinary shares of 
             financial instrument,                  10p each 
             type of instrument 
---------  -------------------------------------  -------------------------- 
      b)    Nature of the transaction              Sale of ordinary shares 
---------  -------------------------------------  -------------------------- 
      c)    Price(s) and volume(s)                 Price(s)      Volume(s) 
---------  -------------------------------------  ------------  ------------ 
                                                       133.12p   250,000 
 -----------------------------------------------  ------------  ------------ 
      d)               Aggregated information 
 
               *    Aggregated volume               250,000 
                                                     133.12p 
 
               *    Price 
 -----------------------------------------------  -------------------------- 
      e)    Date of the transaction                19/05/2017 
---------  -------------------------------------  -------------------------- 
      f)    Place of the transaction               London Stock Exchange, 
                                                    Main Market (XLON) 
---------  -------------------------------------  -------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHALMJTMBJBBFR

(END) Dow Jones Newswires

May 19, 2017 09:45 ET (13:45 GMT)