Director/PDMR Shareholding
| 8 August 2024 | LSE: PDL |
Petra Diamonds Limited
(Petra, the Company or the Group)
Notification and public disclosure of transactions by Directors/PDMR shareholding
The Company was notified on 7 August 2024 of the purchase of shares in the Company by Varda Shine, Non-Executive Chair and Richard Duffy, Chief Executive Officer of Petra Diamonds Limited.
Ms Shine purchased 32,671 ordinary shares of 0.05 pence each in the Company at an average price of 30 pence per share. As a result of these trades, Ms Shine now holds 57,426 shares in the Company, representing approximately 0.03% of the Company's issued share capital.
Mr Duffy purchased 80,879 ordinary shares of 0.05 pence each in the Company at an average price of 30 pence per share. Following this trade, Mr Duffy’s aggregate interest in the Company is 960,872 shares, representing approximately 0.49% of the Company's issued share capital.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
| a. | Name | Varda Shine | ||||||
| 2. | Reason for the notification | |||||||
| a. | Position/status | Non-Executive Director (Chair) | ||||||
| b. | Initial notification/Amendment | Initial Notification | ||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a. | Name | Petra Diamonds Limited | ||||||
| b. | LEI | 213800X4QZIAVSA12860 | ||||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
| a. | Description of the Financial instrument, typeof instrumentIdentification code | Ordinary shares of 0.05p per shareBMG702782084 | ||||||
| b. | Nature of the transaction | Purchase of ordinary Shares | ||||||
| c. | Price(s) and volume(s) |
|
||||||
| d. | Aggregated information
|
32,671 £9,850 | ||||||
| e. | Date of the transaction | 7 August 2024 | ||||||
|
|
Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a. | Name | Richard Duffy | ||||
| 2. | Reason for the notification | |||||
| a. | Position/status | Executive Director (Chief Executive Officer) | ||||
| b. | Initial notification/Amendment | Initial Notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a. | Name | Petra Diamonds Limited | ||||
| b. | LEI | 213800X4QZIAVSA12860 | ||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a. | Description of the Financial instrument, typeof instrumentIdentification code | Ordinary shares of 0.05p per share par valueBMG702782084 | ||||
| b. | Nature of the transaction | Purchase of ordinary Shares | ||||
| c. | Price(s) and volume(s) |
|
||||
| d. | Aggregated information
|
80,879 £ 24,160.24 |
||||
| e. | Date of the transaction | 7 August 2024 | ||||
|
|
Place of the transaction | Limit order dealt off exchange (XOFF) | ||||
~ Ends ~
For further information, please contact:
Investor Relations, London Telephone: +44 20 7494 8203
Patrick Pittaway investorrelations@petradiamonds.com
Kelsey Traynor
About Petra Diamonds Limited
a Diamonds is a leading independent diamond mining group and a supplier of gem quality rough diamonds to the international market. The Company's portfolio incorporates interests in three underground mines in South Africa (Cullinan Mine, Finsch and Koffiefontein) and one open pit mine in Tanzania (Williamson). The Koffiefontein mine is currently on care and maintenance in preparation for a possible sale following the execution of a definitive sales agreement as announced on 8 April 2024.
Petra's strategy is to focus on value rather than volume production by optimising recoveries from its high-quality asset base in order to maximise their efficiency and profitability. The Group has a significant resource base which supports the potential for long-life operations.
Petra strives to conduct all operations according to the highest ethical standards and only operates in countries which are members of the Kimberley Process. The Company aims to generate tangible value for each of its stakeholders, thereby contributing to the socio-economic development of its host countries and supporting long-term sustainable operations to the benefit of its employees, partners and communities.
Petra is quoted with a premium listing on the Main Market of the London Stock Exchange under the ticker 'PDL'. The Company's loan notes due in 2026 are listed on the Irish Stock Exchange and admitted to trading on the Global Exchange Market. For more information, visit www.petradiamonds.com.