Vesting of Share Awards

RNS Number : 5510V

Petra Diamonds Limited

03 November 2017

 

3 November 2017

LSE: PDL

 

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

 

Vesting of Share Awards

Following the vesting of shares with the Company's Executive Directors related to the Company's deferred awards under the annual performance bonus plan and the 2012 Performance Share Plan, application has been made to the UK Listing Authority and the London Stock Exchange plc for         392 721 ordinary shares of 10p each in the Company ("Shares") to be admitted to the Official List.

Included in this total is an amount of 146,682¹ ordinary shares issued under the 2012 Performance Share Plan (refer to the announcement 'Director Share Grants' dated 28 November 2014), as well as an amount of 246,039² ordinary shares issued under the annual performance bonus plan (refer to the announcement 'Deferred Share Awards' dated 30 November 2015).

The Shares will rank pari passu with the Company's existing ordinary shares and dealings are expected to commence at 8.00am on 8 November 2017.

Following admission of the Shares, the Company will have a total of 532,464,760 ordinary shares in issue.

1-   Includes 10 163 shares to be issued to the previous financial director, under the terms of the 2012 Performance Share Plan, as part of his settlement agreement as further disclosed in the 2016 Annual Report.

2-   Includes 110 494 shares to be issued to the previous financial director, under the terms of the 2015 annual performance bonus plan as part of his settlement agreement as further disclosed in the 2016 Annual Report.

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For further information, please contact:

Petra Diamonds, London                                         Telephone: [phone]

Cathy Malins                                                               [e-mail] 

Buchanan                                                                  Telephone: [phone]

(PR Adviser)

Bobby Morse                                                               [e-mail]

Anna Michniewicz                                                       [e-mail]

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 Ekapa Mining joint venture (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 and South Africa.

Petra has a core objective to steadily increase annual production to 5.0 - 5.3 million from FY 2019 onwards. 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 www.petradiamonds.com.

 

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