REG-Petra Diamonds: Results of Special General Meeting

Petra DiamondsAnnouncement

09/02/2022 10:05

09 February 2022   LSE: PDL 

Petra Diamonds Limited

("Petra" or the "Company")

Results of Special General Meeting

Petra Diamonds Limited is pleased to announce that at its Special General
Meeting (“SGM”) held earlier today the shareholders passed the resolution
by the requisite majority.  

As previously announced, the Framework Agreement entered into between Petra,
Williamson Diamonds Limited and the Government of Tanzania constitutes a
related party transaction for purposes of the UK Listing Rules and in order
for it to become unconditionally effective and legally binding on Petra
(the “Transaction”), Petra was required, amongst other things, to obtain
the approval of its shareholders at the SGM.

The resolution put to the SGM was voted on by way of a poll and the results
are set out below:

                                   Votes For (incl. discretionary votes)  % of Votes Cast  Votes Against  % of Votes Cast  Total Votes Cast  Total Votes Withheld  
 THAT the Transaction be approved  83,112,385                             99.99%           5,171          0.01%            83,117,556        1,423                 

The Framework Agreement becoming effective remains subject to a number of
other conditions, including customary government approvals and the approval of
the Petra South African lender group.  Subject to the satisfaction of these
conditions, the Framework Agreement is expected to become effective in the
second half of FY 2022.

Notes:
1. Votes "For" and "Against" are expressed as a percentage of votes received.
2. A "Vote Withheld" is not a vote in law and is not counted in the
calculation of the votes "For" or "Against" a resolution.
3. The total number of ordinary shares in issue as at 5pm on 7 February 2022
was 194,201,785.
4. In accordance with LR 9.6.2R, the full text of the resolution passed at the
SGM has been submitted to the FCA’s National Storage Mechanism, and will
shortly be available to view at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The full text of the
resolution passed at the SGM can also be found in the Notice, which is
available for inspection at the National Storage Mechanism and also on
Petra’s website at
https://www.petradiamonds.com/investors/shareholders/meetings/ 
~ Ends ~

For further information, please contact:

Petra Diamonds,
London                                        
Telephone: +44 20 7494 8203

Cathy
Malins                                                  
            investorrelations@petradiamonds.com

Jill Sherratt

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 (Finsch, Cullinan and Koffiefontein) 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 ca. 230 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 US$336.7 million 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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