Significant Shareholding

RNS Number : 9209D
Petra Diamonds Ld
22 September 2008
 




22 September 2008

AIM: PDL



Petra Diamonds Limited 

('the Company')


Significant Shareholding



The Company was notified on 19 September 2008 that following recent purchases Saad Investments Company Limited now holds 68,155,430 ordinary shares in the Company representing approximately 37.0% of the Company's ordinary issued share capital.


Petra Diamonds Limited is a Bermuda registered company and as such is not subject to the Takeover Code and accordingly there is no obligation for a mandatory offer under the Rules of the Takeover Code by any shareholder increasing their holding above 30% of the Company's issued share capital.



For further information, please contact:


Cathy Malins

Telephone: +44 (0) 20 7318 0452

Petra Diamonds, London

cathym@petradiamonds.com 


Adrian Hadden 

Telephone: +44 (0) 20 7523 8000

Collins Stewart, London



or visit Petra Diamonds at www.petradiamonds.com


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This information is provided by RNS
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