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Last checked at 
14 Apr 2009 07:00
|
14 April 2009 |
AIM: PDL |
Petra Diamonds Limited
Directors Dealings
Petra Diamonds Limited ("Petra" or the "Company") announces that on 9 April 2009 the following directors increased their beneficial interests in the Company's ordinary issued share capital ("Shares"), following the entering into of an agreement to purchase 4,134,366 Shares at a price of 22p per share.
The Shares have been purchased from BHP Billiton Holdings Limited (3,233,306 Shares) and BHP Billiton World Exploration Inc (901,060 Shares) and will be registered in a trust that is in the process of being formed (the "Trust"). All the directors listed below will have an equal beneficial interest in the Shares purchased by the Trust, which is an entity funded by the directors listed below. The Trust, and its funding, is independent of the Company.
|
Director |
Beneficial interest in Shares acquired by the Trust |
Total beneficial holding of Shares following purchases by the Trust |
Percentage of issued share capital of the Company following purchases by the 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 become beneficiaries of the Trust, and should their application be successful the beneficial interest in the Shares purchased by the Trust will be split equally amongst these five directors. A further announcement will be made following the outcome of the application.
~ Ends ~
For further information, please contact:
|
Cathy Malins |
Telephone: +44 (0) 20 7318 0452 |
|
Petra Diamonds, London |
cathym@petradiamonds.com |
|
Adrian Hadden |
Telephone: +44 (0) 20 7523 8350 |
|
Collins Stewart, London |
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