Director/PDMR Shareholding

RNS Number : 4912Q

Petra Diamonds Ld

14 April 2009

 



14 April 2009

AIM: PDL

Petra Diamonds Limited

Directors Dealings

Petra Diamonds Limited ('Petra' or the 'Company') announces that on 9 April 2009 the following directors increased their beneficial interests in the Company's ordinary issued share capital ('Shares'), following the entering into of an agreement to purchase 4,134,366 Shares at a price of 22p per share. 

The Shares have been purchased from BHP Billiton Holdings Limited (3,233,306 Shares) and BHP Billiton World Exploration Inc (901,060 Shares) and will be registered in a trust that is in the process of being formed (the 'Trust'). All the directors listed below will have an equal beneficial interest in the Shares purchased by the Trust, which is an entity funded by the directors listed below. The Trust, and its funding, is independent of the Company.

Director	Beneficial interest in Shares acquired by the Trust	Total beneficial holding of Shares following purchases by the Trust	Percentage of issued share capital of the Company following purchases by the Trust
Adonis Pouroulis	1,378,122	9,113,122	4.95
David Abery	1,378,122	1,528,122	0.83
Charles Segall	1,378,122	1,380,122	0.75
Total	4,134,366	12,021,366	6.53

Johan Dippenaar and Jim Davidson are both subject to the Exchange Control rules of the South African Reserve Bank. They are applying to the Reserve Bank for permission to become beneficiaries of the Trust, and should their application be successful the beneficial interest in the Shares purchased by the Trust will be split equally amongst these five directors. A further announcement will be made following the outcome of the application.

~ Ends ~

For further information, please contact:

Cathy Malins	Telephone: [phone]
Petra Diamonds, London	[e-mail]

Adrian Hadden	Telephone: [phone]
Collins Stewart, London

 

END

 

 

RDSSFAESDSUSELL