Significant Shareholding

RNS Number : 2529J
Petra Diamonds Ld
01 December 2008
 




1 December 2008

AIM: PDL



Petra Diamonds Limited 

('the Company')


Significant Shareholding



The Company was notified on 28 November 2008 that following recent purchases Saad Investments Company Limited now holds 79,126,364 ordinary shares in the Company representing approximately 43.01% 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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