Petra Diamonds Annual & Sustainability Reports & Notice of AGM

 
TIDMPDL 
 
12 October 2021                                                                                    LSE: PDL 
 
                            Petra Diamonds Limited 
 
                          ("Petra" or the "Company") 
 
   Publication of 2021 Annual Report and 2021 ESG and Sustainability Report 
 
                     and Notice of Annual General Meeting 
 
              Publication of 2021 Payments to Governments Report 
 
            and 2021 Modern Slavery and Human Trafficking Statement 
 
                         Proposed Share Consolidation 
 
Petra announces that its Annual Report and Accounts for the financial year 
ended 30 June 2021 (the "2021 Annual Report") and 2021 ESG and Sustainability 
Report have been published and are available to view on the Company's website 
at www.petradiamonds.com/investors/results-reports/. 
 
The Company has also today published its 2021 Payments to Governments Report 
which is available to view on the link above, and its 2021 Modern Slavery and 
Human Trafficking Statement which is available to view on the Company's website 
at https://www.petradiamonds.com/about-us/corporate-governance/ 
modern-slavery-act-statement/. 
 
The Annual General Meeting ("AGM") of the Company will be held at 9:00 a.m. GMT 
on 19 November 2021 at the offices of Ashurst LLP, London Fruit & Wool 
Exchange, 1 Duval Square, London E1 6PW, United Kingdom. The Notice of AGM has 
been published on the Company's website at https://www.petradiamonds.com/ 
investors/shareholders/meetings/. 
 
The 2021 Annual Report and Notice of AGM will be posted to shareholders on 18 
October 2021. 
 
In accordance with Listing Rule 9.6.1, a copy of the 2021 Annual Report, the 
2021 Payments to Governments Report and the Notice of AGM have been submitted 
to the Financial Conduct Authority via the National Storage Mechanism and will 
be available for viewing shortly at 
 
https://data.fca.org.uk/#/nsm/nationalstoragemechanism. 
 
Proposed Share Consolidation 
 
As further explained in the Notice of the AGM, one of the resolutions being 
proposed at the AGM will seek approval to implement a 50:1 share consolidation. 
Prior to the share consolidation, the Company's issued share capital totals 
over 9.7 billion shares, which has an impact on the trading price per share. 
Accordingly, it is the Directors' view that the share consolidation, on the 
proposed terms as set out in the Notice of AGM and below (the "Share 
Consolidation"), will have a positive impact on the liquidity of the shares in 
issue following the Share Consolidation, by reducing the number of shares in 
issue and raising the resultant trading price per share. 
 
The effect of the Share Consolidation would be that shareholders holding 
ordinary shares of 0.001 pence each in the capital of the Company ("Existing 
Ordinary Shares") on the Company's register of members at 5:30 p.m. on 
26 November 2021 (the "Share Consolidation Effective Date") will, on the 
implementation of the Share Consolidation, hold: 
 
                    1 New Ordinary Share of 0.05 pence each 
 
           for every 50 Existing Ordinary Shares of 0.001 pence each 
 
and in that proportion for any other number of Existing Ordinary Shares then 
held. 
 
As further explained in the Notice of AGM, where the Share Consolidation would 
result in a shareholder being entitled to a fraction of a share, any such 
fraction shall be aggregated and the Directors will make arrangements for the 
resulting aggregated fractions to either be (i) sold in the market or (ii) 
donated to a charity at the Directors' election. 
 
Requests will be made to the Financial Conduct Authority for the new ordinary 
shares to be admitted to the Premium segment of the Official List and to the 
London Stock Exchange and for the New Ordinary Shares to be admitted to trading 
on the London Stock Exchange's Main Market for listed securities. It is 
expected that the current ISIN in relation to the Existing Ordinary Shares will 
be disabled and marked for expiry in CREST after market close on 26 November 
2021 and that a new ISIN (BMG702782084) in relation to the new ordinary shares 
will come into effect at 8:00 a.m. GMT on 29 November 2021. 
 
                                    Ends 
 
For further information, please contact: 
 
Petra Diamonds, London                                         Telephone: +44 
20 7494 8203 
 
Cathy Malins 
[e-mail] 
 
Marianna Bowes 
 
Des Kilalea 
 
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 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 
of ca. 230 million carats, 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 US$336.7 million 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. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

October 12, 2021 02:00 ET (06:00 GMT)