Significant Shareholding

RNS Number : 4083H

Petra Diamonds Ld

04 November 2008

 

4 November 2008

AIM: PDL

Petra Diamonds Limited 

('the Company')

Significant Shareholding

The Company was notified on 4 November 2008 that following recent purchases Saad Investments Company Limited now holds 75,776,822 ordinary shares in the Company representing approximately 41.18% 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: [phone]
Petra Diamonds, London	[e-mail]

Adrian Hadden	Telephone: [phone]
Collins Stewart, London

or visit Petra Diamonds at www.petradiamonds.com

~ Ends ~

 

END

 

 

HOLUSSORWRRARAA