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Last checked at 
23 Dec 2013 07:00
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23 December 2013 | LSE: PDL |
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Petra Diamonds Limited
("Petra" or the "Company")
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Deferred Share Awards
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Petra Diamonds announces that on 20 December 2013 the Executive Directors of the Company were granted deferred awards over ordinary shares in the Company under the annual performance bonus plan.
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The deferred share awards are as follows:
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Director | Role | Shares awarded |
Johan Dippenaar | Chief Executive Officer | 71,223 |
David Abery | Finance Director | 66,311 |
Jim Davidson | Technical Director | 66,311 |
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Notes:
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1. The awards represent 25% of the total bonus in respect of performance for the financial year ended 30 June 2013.
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2. The awards will ordinarily vest on 30 June 2015 and vesting is subject to continued employment.
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3. All awards are granted as conditional awards over ordinary shares in Petra of 10 pence each.
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4. No consideration was payable for the grant of the awards.
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5. Awards will be settled using existing shares purchased in the market. The awards may be settled in cash at the Company's discretion.
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6. The grant of these awards does not affect Petra's Total Voting Rights.
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~ Ends ~
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For further information, please contact:
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Petra Diamonds (Corporate Communications) | Telephone: +44 20 7494 8203 |
Cathy Malins | cathym@petradiamonds.com |
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Buchanan (PR Adviser) | Telephone: +44 20 7466 5000 |
Cornelia Browne Bobby Morse Louise Mason | corneliab@buchanan.uk.com bobbym@buchanan.uk.com louisem@buchanan.uk.com |
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RBC Capital Markets (Joint Broker) | Telephone: +44 20 7653 4000 |
Matthew Coakes Jonathan Hardy | matthew.coakes@rbccm.com jonathan.hardy@rbccm.com |
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Canaccord Genuity Limited (Joint Broker) | Telephone: +44 20 7523 8000 |
Ryan Gaffney | rgaffney@canaccordgenuity.com |
Chris Fincken | cfincken@canaccordgenuity.com |
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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 six producing mines: five in South Africa (Finsch, Cullinan, Koffiefontein, Kimberley Underground and Helam) and one in Tanzania (Williamson). It also maintains an exploration programme in Botswana.
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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.
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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.
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For more information, visit the Company's website at www.petradiamonds.com.
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