PDL — Petra Diamonds News Story

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REG - Petra Diamonds Ltd - Director Share Awards

Petra DiamondsAnnouncement

19/10/2023 07:00

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RNS Number : 6537Q Petra Diamonds Limited 19 October 2023

19 October 2023 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 2023, are as follows:

Director Position Value of deferred bonus 30-day Volume Weighted Average Price (VWAP)(1) Deferred shares awarded

(1,2,3,5,6,7)
Richard Duffy Chief Executive £94,719 66.9p 141,672
Jacques Breytenbach Finance Director £62,575 66.9p 93,594

The Company also announces the grant of performance based share awards under
the Company's 2021 Performance Share Plan ("2021 PSP") over ordinary shares in
the Company.

The awards made are as follows, with full vesting of the maximum award
requiring performance conditions to be met in full:

Director Position FY 2024 PSP award(1,2,4,5,6,7)
Richard Duffy Chief Executive 1,075,998
Jacques Breytenbach Finance Director 717,340

Notes:

1. The 30-day VWAP to 17 October 2023 for deferred share and 2021
PSP awards is 66.9 pence per share.

2. All awards under the annual performance bonus plan and 2021 PSP
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. The FY 2024 awards under the 2021 PSP are subject to performance
conditions based on (i) 15% linked to absolute total shareholder return (with
reference to 30-day VWAP at date of final award); (ii) 15% linked to relative
total shareholder return; (iii) 30% linked to cashflow generation and
resultant net debt profile measured over the three years FY2024 to FY2026;
(iv) 25% linked to operational performance and efficiencies; and (v) 15%
linked to ESG and sustainability.

5. Further details regarding the share awards are set out within the
Directors' Remuneration Report within the Company's 2023 Annual Report.

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

7. 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.

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
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 Ordinary shares of 0.05p per share par value

of instrument

Identification code

BMG702782084
b. Nature of the transaction Award of deferred shares
c. Price(s) and volume(s)

Price(s) Volume(s)
Nil 141,672

d. Aggregated information

· Aggregated volume 141,672

· Price Nil

e. Date of the transaction 18 October 2023
f. Place of the transaction London Stock Exchange, Main Market (XLON)

Aggregated information

· Aggregated volume

· Price

141,672

Nil

Date of the transaction

18 October 2023

Place of the transaction

London Stock Exchange, Main Market (XLON)

of instrument

Identification code

BMG702782084
b. Nature of the transaction Grant of performance based share awards
c. Price(s) and volume(s)

Price(s) Volume(s)
Nil 1,075,998

d. Aggregated information

· Aggregated volume 1,075,998

· Price Nil

e. Date of the transaction 18 October 2023
g. Place of the transaction London Stock Exchange, Main Market (XLON)

Aggregated information

· Aggregated volume

· Price

1,075,998

Nil

Date of the transaction

18 October 2023

Place of the transaction

London Stock Exchange, Main Market (XLON)

1. Details of the person discharging managerial responsibilities / person closely
associated
a. Name Jacques Breytenbach
2. Reason for the notification
a. Position/status Finance 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 Ordinary shares of 0.05p per share par value

of instrument

Identification code

BMG702782084
b. Nature of the transaction Award of deferred shares
c. Price(s) and volume(s)

Price(s) Volume(s)
Nil 93,594

d. Aggregated information

· Aggregated volume 93,594

· Price Nil

e. Date of the transaction 18 October 2023
f. Place of the transaction London Stock Exchange, Main Market (XLON)

Aggregated information

· Aggregated volume

· Price

93,594

Nil

Date of the transaction

18 October 2023

Place of the transaction

London Stock Exchange, Main Market (XLON)

of instrument

Identification code

BMG702782084
b. Nature of the transaction Grant of performance based share awards
c. Price(s) and volume(s)

Price(s) Volume(s)
Nil 717,340

d. Aggregated information

· Aggregated volume 717,340

· Price Nil

e. Date of the transaction 18 October 2023

Aggregated information

· Aggregated volume

· Price

717,340

Nil

Date of the transaction

18 October 2023

~ Ends ~

For further information, please contact:

Investor Relations, London Telephone: +44 20 7494
8203

Patrick
Pittaway
investorrelations@petradiamonds.com
(mailto:investorrelations@petradiamonds.com)

Julia Stone

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 two underground mines in South Africa
(Finsch and Cullinan Mine) 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
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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PDL — Petra Diamonds News Story

REG - Petra Diamonds Ltd - Director Share Awards

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