Source - RNS
RNS Number : 7434M
Petra Diamonds Limited
17 October 2016
 

 

 

 

17 October 2016

LSE: PDL

 

Petra Diamonds Limited
("Petra," "the Company" or "the Group")

 

Notification of Transactions of Directors

 

 

Petra Diamonds Limited announces the following transactions of Directors.

 

 

1. DIRECTOR TRANSACTIONS

 

The transactions below took place on 14 October 2016 in Jersey and were notified to the Company on the same day.  The transactions relate to the exercise of share awards and the subsequent sale of these shares. 

 

 

NAME

TITLE

LTSP1 SHARES SOLD

PSP2 SHARES
SOLD

DEFFERRED SHARES SOLD3

SALE PRICE  PER SHARE

Johan Dippenaar

Chief Executive Officer

69,200

225,850

54,587

1.38

Jim Davidson

Technical Director

169,200

210,274

50,823

1.38

1.   Refers to shares originally granted on 15 May 2012 under the Company's 2011 Longer-Term Share Plan in respect of the period 1 July 2012 to 30 July 2016 that vested on 6 October 2016

2.   Refers to shares originally granted on 23 December 2013 under the Company's 2012 Performance Share Plan in respect of the period 1 July 2013 to 30 June 2016 that vested on 6 October 2016

3.   Originally granted on 28 November 2014, deferred awards over ordinary shares in the Company under the annual performance bonus plan that vested on 6 October 2016

There are currently 529,989,968 Ordinary Shares, which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in (or a change to their interest in) Petra under the FCA's Disclosure and Transparency Rules.

2. Current Shareholdings of Directors

 

Director

Total Holding of Ordinary Shares following the transactions

Resulting Percentage Holding in the Company

Johan Dippenaar

1,160,719

0.22%

 

The above holdings are stated as at 17 October 2016, being the date of this announcement, with the total shares in issue (after exercise) being 529,989,968.

 

~ Ends ~

 

 

 

 

For further information, please contact:

 

Petra Diamonds, London

Telephone: +44 20 7494 8203

Salisha Ilyas

[email protected]



Buchanan

Telephone: 44 20 7466 5000

(PR Adviser)


Bobby Morse

[email protected]

Anna Michniewicz

[email protected]



RBC Capital Markets

Telephone: +44 20 7653 4000

(Joint Broker)


Matthew Coakes

[email protected]

Jonathan Hardy

[email protected]



Barclays

Telephone: +44 20 7623 2323

(Joint Broker)


Bertie Whitehead

[email protected]

Philip Drake

[email protected]



BMO Capital Markets

Telephone: +44 20 7236 1010

(Joint Broker)


Jeffery Couch

[email protected]

Neil Haycock

[email protected]

 

 

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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 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.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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