PDMR dealing notification

RNS Number : 3847R

Petra Diamonds Limited

09 December 2016

 

9 December 2016

LSE: PDL

 

Petra Diamonds Limited

("the Company" or "the Group")

Notification and public disclosure of transactions by PDMR

and persons closely associated with them

The Company was notified on 8 December 2016 of the sale of shares by Artemis Trustees Limited, trustees of the African Rainbow Trust, of which Adonis Pouroulis is a beneficiary.

The attached notification, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail of the transaction.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Adonis Pouroulis
2.	Reason for the notification
a)	Position/status	Non-Executive Chairman
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
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	Ordinary shares of 10p each
b)	Nature of the transaction	Sale of ordinary shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1.700157	752,637
		1.70612	300,000
d)	Aggregated information -     Aggregated volume -     Price	1,052,637 1.701856
e)	Date of the transaction	07/12/16 08/12/16
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

~ Ends ~

For further information, please contact:

Petra Diamonds, London                                         Telephone: [phone]

Cornelia Grant                                                             [e-mail] 

Salisha Ilyas                                                                [e-mail] 

Buchanan                                                                  Telephone: [phone]

(PR Adviser)

Bobby Morse                                                               [e-mail]

Anna Michniewicz                                                       [e-mail]

RBC Capital Markets                                               Telephone: [phone]

(Joint Broker)

Matthew Coakes                                                         [e-mail]

Jonathan Hardy                                                           [e-mail]

Barclays                                                                     Telephone: [phone]

(Joint Broker)

Bertie Whitehead                                                        [e-mail]

Philip Drake                                                                 [e-mail]

BMO Capital Markets                                               Telephone : [phone]

(Joint Broker)

Jeffery Couch                                                              [e-mail]

Neil Haycock                                                               [e-mail]

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About Petra Diamonds Limited

Petra Diamonds is a leading independent diamond mining group and an increasingly important supplier of rough diamonds to the international market. The Company has interests in five producing operations: three underground mines in South Africa (Finsch, Cullinan and Koffiefontein), the Kimberley Operations (including the Kimberley Underground mine and extensive tailings retreatment operations) and one open pit mine in Tanzania (Williamson).  It also maintains an exploration programme in Botswana.

Petra has a core objective to steadily increase annual production to ca. 5.3 million carats by FY 2019. The Group has a significant resource base in excess of 300 million carats.

Petra conducts all operations according to the highest ethical standards and will only operate in countries which are members of the Kimberley Process. 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 the Company's website at www.petradiamonds.com.

 

END

 

 

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