REG-Petra Diamonds: Director Share Awards

Petra DiamondsAnnouncement

11/10/2022 07:15

11 October 2022   LSE: PDL 

Petra Diamonds Limited

(Petra or the Company)

Director Share Awards

Petra announces that the Executive Directors of the Company have been granted
deferred awards over ordinary shares in the Company under the annual
performance bonus plan.

The deferred share awards, representing 25% of the total annual performance
bonus for the financial year ended 30 June 2022, are as follows:

 Director             Position          Value of deferred bonus  30-day Volume Weighted Average Price (VWAP) (1)  Deferred shares awarded  (2,3)  
 Richard Duffy        Chief Executive           £128,216                              107.1p                                  119,716             
 Jacques Breytenbach  Finance Director          £84,390                               107.1p                                  78,796              

 

Notes:

1.      The 30-day VWAP to 10 October 2022 for deferred share awards is
107.1 pence per share.

2.      All awards under the annual performance bonus plan are granted as
conditional awards over ordinary shares in Petra of 0.05 pence each.

3.      The awards under the annual performance bonus plan are deferred
for two years; these awards may be settled using shares purchased in the
market or in cash, at the Company's discretion.

4.      Further details regarding the share awards are set out within the
Directors' Remuneration Report within the Company's 2022 Annual Report.

5.      No consideration was payable for the grant of the awards.

6.      The grant of these awards does not affect Petra's Total Voting
Rights.

 This announcement is made in accordance with Article 19 of the EU Market
Abuse Regulation.

~ Ends ~

For further information, please contact:

Petra Diamonds,
London                                        
Telephone: +44 20 7494 8203

Patrick Pittaway

Julia Stone 
                                       
            investorrelations@petradiamonds.com

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 (the Finsch, Cullinan and Koffiefontein Mines) 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. 226.6 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 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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