Petra Diamonds Limited Directorate Change (5237M)
September 15 2023 - 1:01AM
UK Regulatory
TIDMPDL
RNS Number : 5237M
Petra Diamonds Limited
15 September 2023
15 September 2023 LSE: PDL
Petra Diamonds Limited
(Petra or the Company)
Directorate Change
Petra today announces that Johannes Bhatt has informed the Board
that he will retire as a Non-Executive Director of the Company at
the conclusion of the Company's Annual General Meeting on 14
November 2023.
Mr Bhatt was appointed as a non-independent, Non-Executive
Director of the Company on 1 July 2021, pursuant to a Nomination
Agreement between the Company and Monarch Master Funding 2
(Luxembourg) S.a.r.l. (Monarch), following the successful
completion of the recapitalisation of the Company.
This Nomination Agreement terminated recently when Monarch's
shareholding in Petra fell below 5% resulting in the termination of
Monarch's right to nominate a Director or Observer to Petra's
Board.
Peter Hill, Petra's Non-Executive Chairman, commented:
"On behalf of the Board, I would like to thank Johannes for his
contribution to Petra during his tenure as a Director and wish him
every success in his future endeavours. He has been an excellent
Non-Executive Director who has worked hard to ensure Petra's
success and we will miss his contributions."
Ends
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 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 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 .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOABIGDCLDBDGXS
(END) Dow Jones Newswires
September 15, 2023 02:01 ET (06:01 GMT)
Petra Diamonds (LSE:PDL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Petra Diamonds (LSE:PDL)
Historical Stock Chart
From Apr 2023 to Apr 2024