Vesting of Share Awards

RNS Number : 0002M

Petra Diamonds Limited

07 October 2016

 

7 October 2016

LSE: PDL

 

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

 

Vesting of Share Awards

Following the vesting of shares with the Company's Directors and Senior Management related to the Company's 2011 Longer-Term Share Plan (applies to both Directors and Senior Management) , the deferred awards under the annual performance bonus plan (applies to Directors), and the 2012 Performance Share Plan (applies to Directors), application has been made to the UK Listing Authority and the London Stock Exchange plc for 5,682,001 ordinary shares of 10p each in the Company ("Shares") to be admitted to the Official List.

Included in this total is an amount of 646,398 ordinary shares issued under the 2012 Performance Share Plan (refer to the announcement 'Director Share Grants' dated 23 December 2013), as well as an amount of 156,233 ordinary shares issued under the annual performance bonus plan (refer to the announcement 'Deferred Share Awards' dated 28 November 2014).

The Shares will rank pari passu with the Company's existing ordinary shares and dealings are expected to commence at 8.00am on 12 October 2016.

Following admission of the Shares, the Company will have a total of 529,989,968 ordinary shares in issue.

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 For further information, please contact:

Petra Diamonds, London	Telephone: [phone]
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)
Jeffrey 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 .

 

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