TIDMPDL 
 
FOR IMMEDIATE RELEASE 
 
10 November 2022                                                                                                                                                                                LSE: PDL 
 
                            Petra Diamonds Limited 
                         ("Petra") or the ("Company") 
 
                Shareholder Consultations on Enhanced PSP Award 
 
Ahead of Petra's Annual General Meeting for the year ended 30 June 2022 which 
is to be held at 9am GMT on 16 November 2022 (AGM), Petra announces that it has 
completed consultations with its largest shareholders in relation to the making 
of a proposed enhanced Performance Share Plan (PSP) award to its Executive 
Directors for FY 2023 only. 
 
As set out in the Directors' Remuneration Report that was published as part of 
the Company's FY 2022 Annual Report, it is proposed that the enhanced PSP award 
be 300% of salary for the CEO and 225% of salary for the CFO.  This enhanced 
award level will apply for FY 2023 only and compares to PSP awards last year 
that were 150% of salary for both the CEO and CFO, out of a maximum of 200% 
that is permitted under the Directors' Remuneration Policy.  The Board 
considers these enhanced award levels to be appropriate to retain Petra's 
high-calibre Executive Directors, to recognise their exceptional performance 
and to align them with delivering Petra's long-term strategic ambitions and in 
the interests of Petra's shareholders and wider stakeholders. 
 
The making of such enhanced PSP award requires an amendment to Petra's 
Directors' Remuneration Policy and PSP rules to be approved by shareholders at 
the AGM, as set out in resolution 4 of the Notice of AGM that was published on 
11 October 2022. 
 
Shareholders representing two-thirds of the issued share capital of the Company 
were consulted and Petra is pleased to confirm that there has been overwhelming 
support from shareholders indicating their intention to vote in favour of these 
amendments. 
 
For further information, please contact: 
 
Petra Diamonds, London                 Telephone: +44 20 7494 8203 
 
Patrick Pittaway 
investorrelations@petradiamonds.com 
 
Julia Stone 
 
About Petra Diamonds Limited 
 
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 producing mines in South Africa 
(Finsch, Cullinan Mine and Koffiefontein) and one open pit mine in Tanzania 
(Williamson). 
 
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 
of 226.6 million carats, 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 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. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

November 10, 2022 06:54 ET (11:54 GMT)

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