Notification & disclosure of transactions by PDMR

RNS Number : 5722B

Petra Diamonds Limited

07 June 2019

 

07 June 2019

LSE: PDL

Petra Diamonds Limited

("Petra", "the Company" or "the Group")

Notification and public disclosure of transactions by PDMR

The Company was notified on 7 June 2019 of the purchase of shares by Richard Duffy, Chief Executive Officer of Petra Diamonds Limited.

Richard Duffy, Chief Executive Officer, today purchased 240,000 ordinary shares of 10 pence ("Shares") in the Company at 21.35 pence per Share. As a result of this trade, Richard Duffy now holds 240,000 Shares, representing approximately 0.3% of the Company's issued share capital.

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Richard Duffy
2.	Reason for the notification
a.	Position/status	Chief Executive Officer
b.	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Petra Diamonds Limited
b.	LEI	213800X4QZIAVSA12860
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a.	Description of the Financial instrument, type of instrument Identification code	Ordinary shares of 10p per share par value BMG702781094
b.	Nature of the transaction	Purchase of ordinary shares
c.	Price(s) and volume(s)	Price(s) Volume(s) 21.35p 240,000
d.	Aggregated information ·      Aggregated volume ·      Price	240,000 21.35p
e.	Date of the transaction	07 June 2019
f.	Place of the transaction	London Stock Exchange, Main Market (XLON)

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For further information, please contact:

Petra Diamonds, London                                         Telephone: [phone]

Marianna Bowes                                                         [e-mail] 

Des Kilalea                                                                 

Salisha Ilyas 

Buchanan                                                                  Telephone: [phone]

(PR Adviser)                                                               [e-mail] 

Bobby Morse

Chris Judd

Ariadna Peretz

About Petra Diamonds Limited

Petra Diamonds is a leading independent diamond mining group and a consistent supplier of gem quality rough diamonds to the international market. The Company has a diversified portfolio incorporating interests in three underground producing mines in South Africa (Finsch, Cullinan and Koffiefontein) and one open pit producing mine in Tanzania (Williamson). Petra also conducts a limited exploration programme in Botswana and South Africa, which is currently under review.

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. 290 million carats, which supports the potential for long-life operations.

Petra conducts all operations according to the highest ethical standards and will only operate 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' and is a constituent of the FTSE4Good Index. For more information, visit www.petradiamonds.com.

 

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