Last checked at 9 Dec 2016 07:00
9 December 2016 | LSE: PDL |
Petra Diamonds Limited
("the Company" or "the Group")
Notification and public disclosure of transactions by PDMR
and persons closely associated with them
The Company was notified on 8 December 2016 of the sale of shares by Artemis Trustees Limited, trustees of the African Rainbow Trust, of which Adonis Pouroulis is a beneficiary.
The attached notification, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail of the transaction.
1. | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Adonis Pouroulis | |
2. | Reason for the notification | ||
a) | Position/status | Non-Executive Chairman | |
b) | Initial notification/Amendment | Initial notification | |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Petra Diamonds Limited | |
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 10p each
| |
b) | Nature of the transaction | Sale of ordinary shares | |
c) | Price(s) and volume(s)
| Price(s) | Volume(s) |
| 1.700157 | 752,637 | ||
1.70612 | 300,000 | ||
d) | Aggregated information
- Aggregated volume - Price
|
1,052,637 1.701856 | |
e) | Date of the transaction | 07/12/16 08/12/16 | |
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |
~ Ends ~
For further information, please contact:
Petra Diamonds, London Telephone: +44 20 7494 8203
Cornelia Grant cornelia.grant@petradiamonds.com
Salisha Ilyas salisha.ilyas@petradiamonds.com
Buchanan Telephone: +44 20 7466 5000
(PR Adviser)
Bobby Morse bobbym@buchanan.uk.com
Anna Michniewicz annam@buchanan.uk.com
RBC Capital Markets Telephone: +44 20 7653 4000
(Joint Broker)
Matthew Coakes matthew.coakes@rbccm.com
Jonathan Hardy jonathan.hardy@rbccm.com
Barclays Telephone: +44 20 7623 2323
(Joint Broker)
Bertie Whitehead bertie.whitehead@barclays.com
Philip Drake philip.e.drake@barclays.com
BMO Capital Markets Telephone : +44 20 7236 1010
(Joint Broker)
Jeffery Couch jeffery.couch@bmo.com
Neil Haycock neil.haycock@bmo.com
Follow our corporate news feed on Twitter Follow our dedicated investor relations news feed on Twitter Follow us on LinkedIn
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 five producing operations: three underground mines in South Africa (Finsch, Cullinan and Koffiefontein), the Kimberley Operations (including the Kimberley Underground mine and extensive tailings retreatment operations) and one open pit mine in Tanzania (Williamson). It also maintains an exploration programme in Botswana.
Petra has a core objective to steadily increase annual production to ca. 5.3 million carats by FY 2019. The Group has a significant 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 constituent of the FTSE4Good Index. For more information, visit the Company's website at www.petradiamonds.com.