Significant Shareholding

RNS Number : 8917C
Petra Diamonds Ld
08 September 2008
 




8 September 2008

AIM: PDL



Petra Diamonds Limited 

('the Company')


Significant Shareholding



The Company was notified on 5 September 2008 that following recent purchases Saad Investments Company Limited now holds 66,261,722 ordinary shares in the Company representing approximately 36.0% 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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