27 September 2024 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 27 September 2024 of the purchase of shares in the
Company by José-Manuel Vargas, a Non-Executive Director of Petra Diamonds
Limited.
Mr Vargas has purchased 4,200,000 ordinary shares of 0.05 pence each (the
Shares) in the Company at an average price of 27.08 pence per Share. As a
result of these trades, Mr Vargas now holds 21,200,000 Shares representing
approximately 10.92% of the Company's issued share capital.
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name José-Manuel Vargas
2. Reason for the notification
a. Position/status Non-Executive Director
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 Identification code Ordinary shares of 0.05p per share par value BMG702782084
b. Nature of the transaction Purchase of ordinary Shares
c. Price(s) and volume(s)
Price(s) Volume(s)
27.08p 4,200,000
d. Aggregated information * Aggregated volume 4,200,000 £1,137,540
* Price
e. Date of the transaction 25-27 September 2024
1. Place of the transaction London Stock Exchange, Main Market (XLON)
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FURTHER INFORMATION
Petra Diamonds, London +44 (0)784 192 0021
Patrick Pittaway investorrelations@petradiamonds.com
Kelsey Traynor
ABOUT PETRA DIAMONDS
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
(Cullinan Mine, Finsch and Koffiefontein) and one open pit mine in Tanzania
(Williamson). The Koffiefontein mine is currently on care and maintenance in
preparation for a possible sale following the execution of a definitive sales
agreement as announced on 8 April 2024.
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 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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