Petra Diamonds Ltd - Director/PDMR Shareholding

Petra Diamonds Ltd - Director/PDMR Shareholding

PR Newswire

LONDON, United Kingdom, May 20

 

 

 

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 Price	1,500,000 £600,000
e.	Date of the transaction	17 May 2024
	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

 

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For further information, please contact:

 

Investor Relations, London  Telephone: [phone]    

Patrick Pittaway    [e-mail]

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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