REG-Petra Diamonds: Deferral of Results, Annual Report & AGM

Petra DiamondsAnnouncement

11/08/2020 07:05

11 August 2020   LSE: PDL 

Petra Diamonds Limited
(“Petra”, “the Company” or “the Group”)

Notification re. Deferral of Results, Annual Report and Annual General Meeting

Petra Diamonds Limited announces that it intends to make use of the UK
Financial Conduct Authority’s (“FCA”) temporary relief in terms of
corporate reporting during the COVID-19 crisis, which allows listed companies
an additional two months within which to publish their audited financial
statements.

The full FCA policy statement can be viewed at:
https://www.fca.org.uk/news/statements/delaying-annual-company-accounts-coronavirus.

The Company has therefore decided to delay the announcement of its audited
financial statements for its financial year ending 30 June 2020 and the
publication of its Annual Report and Accounts for FY 2020 to 17 November 2020.
This will assist the Company in the preparation and completion of its audited
financial statements while contending with the unprecedented challenges
wrought by the COVID-19 pandemic, which continue to pose restrictions on
Petra’s business and the audit of its results. It will also allow for a
fuller update to the Company’s stakeholders with regards to developments in
the strategic review currently underway to evaluate an optimal long-term
capital structure for the business.

As a result of the delayed publication of the FY 2020 Annual Report and
Accounts, the Company’s Annual General Meeting (“AGM”) will also be
deferred, with the new date expected to be 17 December 2020. It is envisaged
that the AGM will be held virtually this year in line with current guidelines,
and the Company will update Shareholders about the AGM format closer to the
time.

The Company notes that the date changes above are subject to the temporary
relief granted by the FCA remaining in place and that it may have to revise
its results date should the policy be revoked. The Company also notes that the
FCA will keep the policy under review and that when the COVID-19 disruption
abates, it plans to announce how it will end the policy “in a fair, orderly
and transparent way”.

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 consistent
supplier of gem quality rough diamonds to the international market. The
Company has a diversified portfolio incorporating interests in three
underground producing mines in South Africa (Finsch, Cullinan and
Koffiefontein) and one open pit producing mine in Tanzania (Williamson).



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