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Last checked at 
14 Apr 2009 07:00
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14Β April 2009 |
AIM: PDL |
Petra Diamonds Limited
Directors Dealings
Petra Diamonds Limited ("Petra" or the "Company") announces that onΒ 9Β April 2009 the following directorsΒ increased their beneficial interests in the Company's ordinary issued share capitalΒ ("Shares"), followingΒ the entering into of an agreement toΒ purchaseΒ 4,134,366Β Shares at a price of 22p per share.Β
The SharesΒ have beenΒ purchased from BHP Billiton Holdings Limited (3,233,306Β Shares) and BHP Billiton World Exploration Inc (901,060Β Shares)Β and will be registered in a trust that is in the process of being formed (the "Trust").Β All the directors listed belowΒ willΒ have an equal beneficial interest inΒ theΒ Shares purchased by theΒ Trust, which is an entity fundedΒ by the directors listed below. The Trust,Β andΒ itsΒ funding,Β isΒ independent of the Company.
|
Director |
Beneficial interest inΒ Shares acquired byΒ theΒ Trust |
Total beneficial holding of Shares following purchases byΒ theΒ Trust |
Percentage of issued share capital of the CompanyΒ following purchases byΒ theΒ Trust |
|
Adonis Pouroulis |
1,378,122 |
9,113,122 |
4.95 |
|
David Abery |
1,378,122 |
1,528,122 |
0.83 |
|
Charles Segall |
1,378,122 |
1,380,122 |
0.75 |
|
Total |
4,134,366 |
12,021,366 |
6.53 |
Johan Dippenaar and Jim Davidson are both subject to the Exchange Control rules of the South African Reserve Bank. They are applying to the Reserve Bank for permission to becomeΒ beneficiaries ofΒ theΒ Trust, and should their application be successful the beneficial interest in theΒ Shares purchased by theΒ Trust will be split equally amongst these five directors. A further announcement will be made following the outcome of the application.
~Β EndsΒ ~
For further information,Β pleaseΒ contact:
|
Cathy Malins |
Telephone: +44 (0) 20 7318 0452 |
|
PetraΒ Diamonds,Β London |
cathym@petradiamonds.comΒ |
|
Adrian HaddenΒ |
Telephone: +44 (0) 20Β 7523 8350 |
|
Collins Stewart,Β London |
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