REG-Petra Diamonds Ltd: Director/PDMR Shareholding

Petra DiamondsAnnouncement

27/02/2025 14:00

 

 


 

 27 February 2025  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 February 2025 of the purchase of shares in the
Company by José Manuel Vargas, a Non-Executive Director of Petra Diamonds
Limited.

Mr Vargas has purchased 343,139 ordinary shares of 0.05 pence each (the
Shares) in the Company at an average price of 25.92 pence per Share. As a
result of these trades, Mr Vargas now beneficially holds 22,458,525 Shares
representing approximately 11.56% of the Company's issued share capital.

 1.        Details of the person discharging managerial responsibilities / person closely associated                                                                                                             
 a.        Name                                                                                               José Manuel Vargas Gomez                                                                           
 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)                                                                                          
 25.92p    343,139                                                                                            
 d.        Aggregated information * Aggregated volume                                                         343,139 £88,941.63                                                                                 
           * Price                                                                                                                                                                                               
 e.        Date of the transaction                                                                            26 February 2025                                                                                   
 1.        Place of the transaction                                                                           London Stock Exchange, Main Market (XLON)                                                          

 


 

~ Ends ~

 

 

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 two underground mines in South
Africa (Cullinan and Finsch Mines) and one open pit mine
in Tanzania (Williamson). In January 2025, Petra announced that it has
entered into an agreement to sell its entire shareholding in the entity that
holds Petra's interest in 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
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 on the Main Market of the London Stock Exchange under the
ticker 'PDL'. The Company’s loan notes, due in 2026, are listed on EuroNext
Dublin (Irish Stock Exchange). For more information,
visit www.petradiamonds.com.

 

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