Sign In
Last checked at 
19 Dec 2012 07:00
19 December 2012 |
LSE: PDL |
Petra Diamonds Limited
("Petra" or the "Company")
Deferred Share Awards
Petra Diamonds announces that on18 December 2012 the Executive Directors of the Company were granted deferred awards over ordinary shares in the Company under the annual performance bonus plan.
The deferred share awards are as follows:
Director | Role | Shares awarded |
Johan Dippenaar | Chief Executive Officer | 68,919 |
David Abery | Finance Director | 63,996 |
Jim Davidson | Technical Director | 63,996 |
Notes:
1. The awards represent 25% of the total bonus in respect of performance for the financial year ended 30 June 2012.
2. The awards will ordinarily vest on 30 June 2014, and vesting is subject to continued employment.
3. All awards are granted as conditional awards over ordinary shares in Petra of 10 pence each.
4. No consideration was payable for the grant of the awards.
5. Awards will be settled using existing shares purchased in the market. The awards may be settled in cash at the Company's discretion.
6. The grant of these awards does not affect Petra's Total Voting Rights.
For further information, please contact:
Petra Diamonds, London | Telephone: +44 20 7494 8202 |
Cathy Malins | cathym@petradiamonds.com |
Buchanan (PR Adviser) | Telephone: +44 20 7466 5000 |
Bobby Morse Louise Mason Cornelia Browne | bobbym@buchanan.uk.com louisem@buchanan.uk.com corneliab@buchanan.uk.com |
RBC Capital Markets (Joint Broker) | Telephone: +44 20 7653 4000 |
Martin Eales | martin.eales@rbccm.com |
Pierre Schreuder | pierre.schreuder@rbccm.com |
Canaccord Genuity Limited (Joint Broker) | Telephone: +44 20 7523 8000 |
Rob Collins Andrew Chubb | rcollins@canaccordgenuity.com achubb@canaccordgenuity.com |
~ Ends ~
About Petra Diamonds Limited
Petra Diamonds is a leading independent diamond mining group and an increasingly important supplier of rough diamonds to the international market. The Company has interests in eight producing mines: seven in South Africa (Finsch, Cullinan, Koffiefontein, Kimberley Underground, Helam, Sedibeng and Star) and one in Tanzania (Williamson). It also maintains an exploration programme in Botswana.
The Company has recently commenced a disposal process in respect of the Helam, Sedibeng and Star mines (the Fissure Mines), which are no longer core to the Group's portfolio.
Petra offers an exceptional growth profile, with a core objective to steadily increase annual production to 5 million carats by FY 2019. The Group has a major resource base in excess of 300 million carats.
Petra conducts all operations according to the highest ethical standards and will only operate in countries which are members of the Kimberley Process. Petra is quoted with a premium listing on the Main Market of the London Stock Exchange under the ticker 'PDL' and is a member of the FTSE 250.
For more information, visit the Company's website at www.petradiamonds.com
Follow the stocks
