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Pin to quick picksPetra Diamonds Share News (PDL)

Share Price Information for Petra Diamonds (PDL)

London Stock Exchange
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Share Price: 44.00
Bid: 42.10
Ask: 43.00
Change: 1.00 (2.33%)
Spread: 0.90 (2.138%)
Open: 42.00
High: 44.00
Low: 41.80
Prev. Close: 43.00
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SMALL-CAP WINNERS & LOSERS: Nanoco shareholders allege wrongdoing

Mon, 27th Mar 2023 10:26

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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SMALL-CAP - WINNERS

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Petra Diamonds Ltd, up 2.1% at 72.5 pence, 12-month range 68.5p-139p. The diamond miner in South Africa and Tanzania hires Lerato Molebatsi as independent non-executive director from next Monday. Molebatsi is lead independent non-executive director at the South African Reserve Bank. She replaces Octavia Matloa, who will retire at the end of June.

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De La Rue, up 5.5% at 56.00p, 12-month range 50.58p-118.8p. Stock in the bank note printer jumps off recent lows, having hit a 12-month low a week ago.

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SMALL-CAP - LOSERS

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Nanoco PLC, down 2.0% at 19.90p, 12-month range 19.69p-72.6p. The quantum dot developer slides as a group of shareholders make a letter raising "serious corporate governance concerns" public. The group is led by Tariq Hamoodi, who holds a 4.2% stake in the firm, and shares "deep concerns" about actions within and involving Nanoco and minority shareholders Richard Griffiths and Lombard Odier. Among their concerns, the group says Nanoco has "apparently transacted" with the minority shareholders to raise finance on terms that benefit the minority shareholders. They also allege some of the statements around the "merits and settlement prospects" in the Samsung litigation "appear to be misleading". The group says the minority shareholders seemed to be acting on information that wasn't available to other shareholders or the market more generally. "Preferred shareholders dumped their shares in Nanoco whilst the share price was rising on the basis of statements made or withheld about the Samsung Litigation, before it sharply fell after settlement details were published," the group says. The group demands Nanoco's board removes or suspends directors involved in these activities - including its chair, CEO and CFO - and replaces them with independent directors.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
25 Feb 2022 15:41

IN BRIEF: Petra Diamonds sells diamonds worth USD110.5 million

Petra Diamonds Ltd - diamond miner in South Africa and Tanzania - Closes sales for 80% of the volume of its fourth tender cycle for 2022. Sells 589,168 carats for USD110.5 million at an average price of USD188 per carat. No exceptional stones were sold.

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25 Feb 2022 11:01

SMALL-CAP WINNERS & LOSERS: Prospects sunny for buoyant On the Beach

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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23 Feb 2022 06:57

IN BRIEF: Petra Diamonds sets out three-year production guidance

Petra Diamonds Ltd - diamond miner in South Africa and Tanzania - Pretax profit falls by a third to USD62.7 million in the financial half year that ended December 31 from USD90.7 million a year before. Revenue of USD264.7 million, up 49% from USD178.1 million, was in line with a trading update provided by Petra back in January. Operating costs rose in line with revenue, but Petra booked lower financial income and higher financial expense and also suffered negative currency movement. The company declared no interim dividend, the same as a year before.

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2 Feb 2022 16:11

UK shareholder meetings calendar - next 7 days

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21 Jan 2022 09:38

LONDON BROKER RATINGS: Berenberg ups Rentokil; Citi cuts Computacenter

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19 Jan 2022 07:37

Petra Diamonds sees revenue rise and looks positively to second half

Petra Diamonds sees revenue rise and looks positively to second half

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11 Jan 2022 14:50

UK earnings, trading statements calendar - next 7 days

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LONDON BROKER RATINGS: Shell cut to Neutral; Centamin raised to Buy

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LONDON BROKER RATINGS: Deutsche cuts Abrdn; UBS raises Dunelm

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13 Dec 2021 09:01

UPDATE 4-Junior miners Strandline, Black Rock, OreCorp sign agreements with Tanzania

* Junior miners sign agreements at ceremony in capital* Petra Diamonds gives govt 16% free carried interest* Petra's stake in Williamson mine to fall from 75% to 63% (Adds quote from President Hassan)By Nuzulack DausenDAR ES SALAAM, Dec 13 (Reuters)...

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13 Dec 2021 09:01

UPDATE 2-Junior miners Strandline, Black Rock sign agreements with Tanzania

(Recasts with Strandline, Black Rock agreements)DAR ES SALAAM, Dec 13 (Reuters) - Australia's Strandline Resources, Black Rock Mining and Orecorp on Monday signed framework agreements with the government of Tanzania, a step towards the development...

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13 Dec 2021 09:01

UPDATE 1-Petra Diamonds to grant Tanzania 16% free carried interest in Williamson mine

(Adds details on framework agreement, other mining companies present)DAR ES SALAAM, Dec 13 (Reuters) - Petra Diamonds will grant the government of Tanzania a 16% free carried interest in its subsidiary Williamson Diamonds Limited, CEO Richard Duf...

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13 Dec 2021 09:01

UPDATE 3-Junior miners Strandline, Black Rock, OreCorp sign agreements with Tanzania

* Junior miners sign agreements at ceremony in capital* Petra Diamonds gives govt 16% free carried interest* Petra's stake in Williamson mine to fall from 75% to 63% (Adds Petra Diamonds signed agreement)By Nuzulack DausenDAR ES SALAAM, Dec 13 (Reut...

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13 Dec 2021 08:19

Petra Diamonds to grant Tanzania 16% free carried interest in Williamson mine

DAR ES SALAAM, Dec 13 (Reuters) - Petra Diamonds will grant the government of Tanzania a 16% free carried interest in its subsidiary Williamson Diamonds Limited, CEO Richard Duffy said at a signing ceremony in Dar Es Salaam on Monday.The move wil...

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12 Nov 2021 17:19

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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