REG - Petra Diamonds Ltd - Director/PDMR Shareholding

Petra DiamondsAnnouncement

08/11/2023 16:15

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RNS Number : 8331S  Petra Diamonds Limited  08 November 2023

 

 

 

 8 November 2023  LSE: PDL

 

 

Petra Diamonds Limited

("Petra", the "Company" or the "Group")

 

Notification and public disclosure of transactions by Director/PDMR
Shareholding

 

The Company was notified on 8 November 2023 of the purchase of shares in the
Company by Richard Duffy, Chief Executive Officer of Petra Diamonds Limited.

 

Richard Duffy, Chief Executive Officer has purchased 266,411 ordinary shares
of 0.05 pence each (the "Shares") in the Company at an average price of 47.48
pence per Share. As a result of these trades, Richard Duffy now holds 539,203
Shares representing approximately 0.277% of the Company's issued share
capital.

 

In addition to the above, and as announced on 19 October 2023, Mr Duffy was
granted  a deferred award of 141,672 Shares pursuant to the Company's annual
performance bonus plan, with 119,118 Shares granted to Mr Duffy under Petra's
2021 Performance Share Plan vesting on the same date. As explained in the
relevant announcements, these awards are subject to a two-year holding period
and at the end of this period, may be settled by the Company, in its election,
using newly issued shares, shares held in treasury, shares purchased in the
market or in cash. Including the aforementioned Shares, Mr Duffy's aggregate
interest in the Company is 879,993 shares, representing approximately 0.453%
of the Company's issued share capital.

 

 1.                    Details of the person discharging managerial responsibilities / person closely
                       associated
 a.                    Name                                                         Richard Duffy
 2.                    Reason for the notification
 a.                    Position/status                                              Chief Executive Officer
 b.                    Initial notification/Amendment                               Initial Notification
 3.                    Details of the issuer, emission allowance market participant, auction
                       platform, auctioneer or auction monitor
 a.                    Name                                                         Petra Diamonds Limited
 b.                    LEI                                                          213800X4QZIAVSA12860
 4.                    Details of the transaction(s): section to be repeated for (i) each type of
                       instrument; (ii) each type of transaction; (iii) each date; and (iv) each
                       place where transactions have been conducted
 a.                    Description of the Financial instrument, type of instrument  Ordinary shares of 0.05p each

                       Identification code

                                                                                    BMG702782084
 b.                    Nature of the transaction                                    Purchase of ordinary shares
 c.                    Price(s) and volume(s)

Price(s)  Volume(s)
                                                                                    47.5p     18,430
                                                                                    48.35p    22,245
                                                                                    48.358p   118,272
                                                                                    48p       50,000
                                                                                    46.99p    3,962
                                                                                    48.745p   37,664
                                                                                    45.648p   8,800
                                                                                    46.222p   7,038

 
 d.                    Aggregated information

                       ·      Aggregated volume                                     266,411

                       ·      Price                                                 £128,194

 e.                    Date of the transaction                                      2 - 8 November 2023
 f.                    Place of the transaction                                     London Stock Exchange, Main Market (XLON)

 

d.

Aggregated information

·      Aggregated volume

·      Price

 

 

266,411

£128,194

e.

Date of the transaction

2 - 8 November 2023

f.

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 

 

 

~ Ends ~

 

 

 

For further information, please contact:

Investor Relations, London

Patrick Pittaway
 
Telephone: +44 207494 8203

Julia
Stone
investorrelations@petradiamonds.com
(mailto:investorrelations@petradiamonds.com)

Kelsey Traynor

 

Financial PR (Camarco)

Gordon
Poole
Telephone: +44 20 3757 4980

Owen
Roberts
petradiamonds@camarco.co.uk (mailto:petradiamonds@camarco.co.uk)

Elfie Kent

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 mines in South
Africa (Finsch, Cullinan Mine and Koffiefontein) and one open pit mine
in Tanzania (Williamson). The Koffiefontein mine is currently on care and
maintenance in preparation of closure.

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
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 Group 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 Group'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
(http://www.petradiamonds.com/) .

 

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