REG-Petra Diamonds: Annual & Sustainability Reports & Notice of AGM

Petra DiamondsAnnouncement

12/10/2021 07:05

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                                                  
            investorrelations@petradiamonds.com

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.



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