Petra Diamonds Ltd - Director/PDMR Shareholding
October 03 2024 - 1:00AM
UK Regulatory
Petra Diamonds Ltd - Director/PDMR
Shareholding
PR Newswire
LONDON, United Kingdom, October 03
Petra
Diamonds Limited
(Petra,
the Company
or
the Group)
Notification
and public disclosure of transactions by Director/PDMR
Shareholding
The
Company was notified on 2 October
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 915,386 ordinary shares of 0.05
pence each
(the Shares)
in the Company at an average price of 29.40
pence per
Share. As a result of these trades, Mr
Vargas now holds 22,115,386 Shares representing approximately
11.39% of the Company's issued share capital.
|
1.
|
Details
of the person discharging managerial responsibilities / person
closely associated
|
|
a.
|
Name
|
José
Manuel Vargas Gomez
|
|
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)
|
|
29.40p
|
915,386
|
|
|
d.
|
Aggregated
information
|
915,386
£269,123.48
|
|
e.
|
Date of
the transaction
|
1 October
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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