Petra Diamonds tops UK small-caps on securing consent for sale of mine to Koffiefontein

Petra Diamonds

07/10/2024 08:47

** London-listed shares of diamond miner Petra Diamonds
 PDL.L  up 3.7% at 33.6p
    ** Stock top gainer on the FTSE small cap index  .FTSC 
which is up 0.04%
    ** Co gets unconditional consent for the sale of its entire
issued share capital of Blue Diamond Mines to Koffiefontein
Holdings
    ** Says deal will enable it to avoid closure-related costs
of between $15-18 mln
    ** Including sessions' gains stock down 51.6% YTD, compared
to 8.51% gain in FTSE small cap index




 (Reporting by DhanushVignesh Babu in Bengaluru)
 ((DhanushVignesh.Babu@thomsonreuters.com;))