Block Admission and Block Admission Return

RNS Number : 1672D

Petra Diamonds Ld

18 March 2011

 



Immediate Release                                                                          18 March2011                                                                                                           

Petra Diamonds Limited

("Petra" or the "Company")

Block Admission and Block Admission Return

Name of company:	Petra Diamonds Limited
Name of scheme:	Petra Diamonds Limited 2005 Share Option Plan
Period of return:	From 18 September 2010 to 17 March 2011
Number of shares not issued under scheme at the end of the last period:	2,837,138
Number of shares issued under scheme during period:	1,351,666
Number of shares cancelled under the scheme during period:	0
Balance under scheme not yet issued at end of period:	1,485,472
Number and class of shares admitted under scheme and the date of admission:	100,000  (14 June 2007) 3,000,000  (22 March 2010)

Petra has made an application to the AIM market of the London Stock Exchange for the block admission of up to 5,000,000 additional ordinary shares of £0.10 each in the Company in order to satisfy obligations under the Company's 2005 share option plan. These shares will be allotted and issued in due course in accordance with the rules of the option plan and will rank pari passu in all respects with the existing ordinary shares in issue.

The Company currently has 497,045,676 ordinary shares of £0.10 each in issue.

~Ends ~

For further information, please contact:

Bobby Morse / Katharine Sutton	Telephone: [phone]
Buchanan Communications	[e-mail] [e-mail]

Ryan Cohen / Andrew Chubb	Telephone: [phone]
Canaccord Genuity Limited (NOMAD and Joint Broker)	[e-mail] [e-mail]

Joshua Critchley / Martin Eales	Telephone: [phone]
RBC Capital Markets (Joint Broker)	[e-mail] [e-mail]

 

END

 

 

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