REG-Petra Diamonds Ltd: Holding(s) in Company

Petra DiamondsAnnouncement

29/11/2024 12:00

 

 


 

 29 November 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 29 November 2024 of the transfer of shares in the
Company by José Manuel Vargas, Non-Executive Chair of Petra Diamonds
Limited. 

Mr Vargas has transferred 22,115,386 ordinary shares of 0.05 pence each (the
Shares) in the Company, being his entire shareholding in the Company and
approximately 11.39% of the Company's issued share capital, to JOSIVAR Sarl,
an entity that is wholly-owned by Mr Vargas.

 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 Chair                                                                                
 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                                                                          Transfer of ordinary Shares                                                                        
 c.        Price(s) and volume(s)                                                                                                                                                                                
 Price(s)  Volume(s)                                                                                          
 N/A       22,115,386                                                                                         
 d.        Aggregated information * Aggregated volume                                                         22,115,386 N/A                                                                                     
           * Price                                                                                                                                                                                               
 e.        Date of the transaction                                                                            27 November 2024                                                                                   
 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 Mine and Finsch) 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.

 



Copyright (c) 2024 PR Newswire Association,LLC. All Rights Reserved