REG-Petra Diamonds: Result of AGM

Petra DiamondsAnnouncement

16/11/2022 14:15

16 November 2022   LSE: PDL 

Petra Diamonds Limited

("Petra" or the "Company")

Results of Annual General Meeting

Petra Diamonds Limited is pleased to announce that at the Annual General
Meeting (AGM) held earlier today shareholders passed each of the ordinary and
special resolutions by the requisite majorities on a poll.

The full text of each resolution is contained in the Notice of AGM, which is
available on the Company's website
at https://www.petradiamonds.com/investors/shareholders/meetings/.

The total number of votes cast for each resolution is set out in the table
below.

                                                                                                                                                       Resolutions                                                                                                                                                        Votes for (incl discretionary)  % of Votes cast  Votes against  % of Votes Cast  Total Votes Cast  Total Votes Withheld  
                                                                                                                                                                                                               Ordinary resolutions                                                                                                                                                                                                                
 1. To receive the Financial Statements of the Company for the year ended 30 June 2022, together with the Reports of the Directors and Auditors (the 2022 Annual Report ).                                                                                                                                                          123,833,089                100.00            0              0.00          123,833,089           187,781        
 2. To approve the Directors’ Annual Remuneration Report for the year ended 30 June 2022, as contained in the 2022 Annual Report.                                                                                                                                                                                                   122,479,094                98.98         1,264,295          1.02          123,743,389           277,481        
 3. To re-appoint BDO LLP as auditors to hold office until the conclusion of the next AGM of the Company.                                                                                                                                                                                                                           124,020,218                100.00           472             0.00          124,020,690             180          
 4. To approve the amendments to the Directors’ Remuneration Policy and to the Company’s 2021 Performance Share Plan, increasing the maximum percentage of salary over which awards may be granted to directors of the Company under the 2021 Performance Share Plan in respect of the year ending 30 June 2023 only                105,128,872                84.96         18,614,517        15.04          123,743,389           277,481        
 5. To authorise the Directors of the Company to fix the remuneration of the auditors.                                                                                                                                                                                                                                              124,020,297                100.00           393             0.00          124,020,690             180          
 6. To re-elect Mr Peter John Hill, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company.                                                                                                                                                                                                            120,263,108                96.97         3,757,582          3.03          124,020,690             180          
 7. To re-elect Mr Richard Neil Duffy, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company.                                                                                                                                                                                                         124,005,036                99.99           15,654           0.01          124,020,690             180          
 8. To re-elect Mr Jacques Breytenbach, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company.                                                                                                                                                                                                        124,005,036                99.99           15,654           0.01          124,020,690             180          
 9. To re-elect Ms Varda Shine, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company.                                                                                                                                                                                                                119,099,911                96.03         4,920,779          3.97          124,020,690             180          
 10. To re-elect Ms Octavia Matshidiso Matloa, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company.                                                                                                                                                                                                 119,099,911                96.03         4,920,779          3.97          124,020,690             180          
 11. To re-elect Mr Bernard Robert Pryor, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company.                                                                                                                                                                                                      119,101,872                96.04         4,905,818          3.96          124,007,690           13,180         
 12. To re-elect Ms Deborah Gudgeon, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company.                                                                                                                                                                                                           119,099,911                96.03         4,920,779          3.97          124,020,690             180          
 13. To re-elect Ms Alexandra Watson, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company.                                                                                                                                                                                                          117,365,333                94.63         6,655,357          5.37          124,020,690             180          
 14. To re-elect Mr Parag Johannes Bhatt, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company.                                                                                                                                                                                                      124,005,036                99.99           15,654           0.01          124,020,690             180          
 15. To elect Mr Jon Dudas who was appointed by the Company’s Board of Directors in accordance with the Company’s Bye-Laws on 1 March 2022, as a Director of the Company.                                                                                                                                                           124,019,997                100.00           693             0.00          124,020,690             180          
 16. To authorise the Directors of the Company to issue and allot Relevant Securities within the meaning of Bye-Law 2.4 of the Company’s Bye-Laws up to an aggregate nominal amount of £32,366.96 up until the next AGM of the Company.                                                                                             103,431,855                83.40         20,588,835        16.60          124,020,690             180          
 17. That the Bye-Laws of the Company be amended to increase the quantum of fees which may be paid to Non-Executive Directors on an annual basis to £1m.                                                                                                                                                                            123,742,558                99.78          278,132           0.22          124,020,690             180          
 18. That the Company’s share premium account be reduced by $350m with such amount being credited against accumulated losses with the balance being credited to the Company’s reserves.                                                                                                                                             124,020,265                100.00           425             0.00          124,020,690             180          
                                                                                                                                                                                                                Special resolution                                                                                                                                                                                                                 
 19. Subject to the passing of resolution 16, to disapply the pre-emption provisions of Bye-Law 2.5(a) pursuant to Bye-Law 2.6(a)(i) of the Company’s Bye-Laws.                                                                                                                                                                     103,482,723                83.44         20,537,967        16.56          124,020,690             180          

~ Ends ~

For further information, please contact:

Petra Diamonds,
London                                        
Telephone: +44 20 7494 8203

Patrick
Pittaway                                                         
investorrelations@petradiamonds.com

Julia Stone 
                                                   

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 producing mines in South
Africa (the Finsch, Cullinan and Koffiefontein Mines) 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
of 226.6 million carats, 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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