Directors' Dealings - Grant o

RNS Number : 9442Z

Petra Diamonds Ld

30 September 2009

 



30 September 2009                                                                                                                       AIM: PDL

Petra Diamonds Limited

('the Company')

Directors' Dealings - Grant of Share Options

Petra Diamonds Limited announces that the Company's Remuneration Committee resolved on 29 September 2009 to grant the following share options over ordinary Petra shares:

Director	Position held within the Company	Number of Shares over which Options granted
Adonis Pouroulis	Chairman	100,000
Johan Dippenaar	Chief Executive Officer	350,000
David Abery	Finance Director	350,000
Jim Davidson	Technical Director	350,000

The exercise price for the above options is the 30 trading day average closing mid-market price of Petra's shares up to 29 September 2009, the date of grant, being 45.5 pence per share. The options are subject to the satisfaction of appropriate performance conditions.

The Board and the Remuneration Committee also resolved to grant 2,596,000 options to other management (not directors) of the Company, at the same exercise price. 

Following these option grants, the total number of shares under option will be 17,888,001 (representing 9.72% of the Company's issued share capital) of which the number granted to the Directors is 7,650,000 (representing 4.16% of the Company's issued share capital).

Ends

For further information, please contact:

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

Bobby Morse/James Strong	Telephone: [phone]
Buchanan Communications	[e-mail]

Adrian Hadden	Telephone: [phone]
Collins Stewart, London

James Duncan / Nicola Brower	Telephone: [phone]
Russell and Associates, Johannesburg	[e-mail] or [e-mail]

or visit Petra Diamonds at www.petradiamonds.com

Notes to Editors:

About Petra Diamonds

Petra Diamonds is a leading supplier of rough diamonds. A number of acquisitions have established Petra as one of the world's largest independent diamond groups by resources, with a total resource base of 262 million carats. Petra has seen its annual production rise fivefold in the year to June 2009 to over 1 million carats and the Company's objective is to continue to increase supply and develop its stature as a world-class diamond group.

In South Africa, Petra Diamonds has interests in five producing mines - Cullinan, Koffiefontein, Helam, Sedibeng and Star - and has also agreed to acquire, from De Beers, the Kimberley Underground mines. In Tanzania, Petra has a 75% interest in the Williamson mine. 

Petra conducts all its operations according to the highest ethical standards, and will only work in countries which are members of the Kimberley Process.

The Company is quoted on the AIM market of the London Stock Exchange (AIM: PDL).

 

END

 

 

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