Petra Diamonds Ltd - Director/PDMR Shareholding
September 27 2024 - 11:33AM
UK Regulatory
Petra Diamonds Ltd - Director/PDMR
Shareholding
PR Newswire
LONDON, United Kingdom, September 27
|
27
September 2024
|
LSE:
PDL
|
Petra
Diamonds Limited
(Petra,
the Company
or
the Group)
Notification
and public disclosure of transactions by Director/PDMR
Shareholding
The
Company was notified on 27 September
2024 of the purchase of shares in the Company
by José-Manuel
Vargas, a Non-Executive Director of Petra
Diamonds Limited.
Mr Vargas
has purchased 4,200,000 ordinary shares of 0.05
pence each
(the Shares)
in the Company at an average price of 27.08
pence per
Share. As a result of these trades, Mr
Vargas now holds 21,200,000 Shares representing approximately
10.92% of the Company's issued share capital.
|
1.
|
Details
of the person discharging managerial responsibilities / person
closely associated
|
|
a.
|
Name
|
José-Manuel
Vargas
|
|
2.
|
Reason
for the notification
|
|
a.
|
Position/status
|
Non-Executive
Director
|
|
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, type
of
instrument
Identification
code
|
Ordinary
shares of 0.05p per share par value
BMG702782084
|
|
b.
|
Nature of
the transaction
|
Purchase
of ordinary Shares
|
|
c.
|
Price(s)
and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
27.08p
|
4,200,000
|
|
|
d.
|
Aggregated
information
|
4,200,000
£1,137,540
|
|
e.
|
Date of
the transaction
|
25-27
September 2024
|
-
|
Place of
the transaction
|
London
Stock Exchange, Main Market (XLON)
|
~
Ends ~
FURTHER
INFORMATION
Petra
Diamonds, London +44
(0)784 192 0021
Patrick Pittaway investorrelations@petradiamonds.com
Kelsey Traynor
ABOUT
PETRA DIAMONDS
Petra
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.
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