Petra Diamonds Limited Director/PDMR Shareholding (8331S)
November 08 2023 - 10:03AM
UK Regulatory
TIDMPDL
RNS Number : 8331S
Petra Diamonds Limited
08 November 2023
8 November 2023 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 8 November 2023 of the purchase of
shares in the Company by Richard Duffy, Chief Executive Officer of
Petra Diamonds Limited.
Richard Duffy, Chief Executive Officer has purchased 266,411
ordinary shares of 0.05 pence each (the " Shares ") in the Company
at an average price of 47.48 pence per Share. As a result of these
trades, Richard Duffy now holds 539,203 Shares representing
approximately 0.277% of the Company's issued share capital.
In addition to the above, and as announced on 19 October 2023,
Mr Duffy was granted a deferred award of 141,672 Shares pursuant to
the Company's annual performance bonus plan, with 119,118 Shares
granted to Mr Duffy under Petra's 2021 Performance Share Plan
vesting on the same date. As explained in the relevant
announcements, these awards are subject to a two-year holding
period and at the end of this period, may be settled by the
Company, in its election, using newly issued shares, shares held in
treasury, shares purchased in the market or in cash. Including the
aforementioned Shares, Mr Duffy's aggregate interest in the Company
is 879,993 shares, representing approximately 0.453% of the
Company's issued share capital.
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Richard Duffy
---------------------------------------------------------- ------------------------------------------
2. Reason for the notification
------------------------------------------------------------------------------------------------------
a. Position/status 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, type of Ordinary shares of 0.05p each
instrument
Identification code BMG702782084
---------------------------------------------------------- ------------------------------------------
b. Nature of the transaction Purchase of ordinary shares
---------------------------------------------------------- ------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
47.5p 18,430
----------
48.35p 22,245
----------
48.358p 118,272
----------
48p 50,000
----------
46.99p 3,962
----------
48.745p 37,664
----------
45.648p 8,800
----------
46.222p 7,038
----------
---------------------------------------------------------- ------------------------------------------
d. Aggregated information
* Aggregated volume 266,411
GBP128,194
* Price
---------------------------------------------------------- ------------------------------------------
e. Date of the transaction 2 - 8 November 2023
---------------------------------------------------------- ------------------------------------------
f. Place of the transaction London Stock Exchange, Main Market (XLON)
---------------------------------------------------------- ------------------------------------------
Ends
For further information, please contact:
Investor Relations, London
Patrick Pittaway Telephone: +44 207494 8203
Julia Stone investorrelations@petradiamonds.com
Kelsey Traynor
Financial PR (Camarco)
Gordon Poole Telephone: +44 20 3757 4980
Owen Roberts petradiamonds@camarco.co.uk
Elfie Kent
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). The
Koffiefontein mine is currently on care and maintenance in
preparation of closure.
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 Group 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 Group'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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