Notification of Transactions of Directors

RNS Number : 4004X

Petra Diamonds Limited

05 May 2016

 

5 May 2016

LSE: PDL

 

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

 

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility

 

 

Petra Diamonds Limited announces the following transactions of Directors/Persons Discharging Managerial Responsibility ("PDMR").

1. PDMR TRANSACTIONS

The transactions below took place on 4 May 2016 in Jersey and were notified to the Company on the same day.  The transactions relate to the exercise of option awards (that were close to expiry) and the subsequent sale of shares. 

EXERCISE OF OPTIONS (WHICH EXPIRE ON 31 MAY 2016) FROM THE 2005 SHARE OPTION PLAN, AND SUBSEQUENT SALE:

NAME	AWARD TYPE	NO. OF OPTIONS EXERCISED	EXERCISE PRICE PER OPTION	DESCRIPTION OF SHARES	NUMBER OF SHARES SOLD / ISC*	SALE PRICE  PER SHARE
Adonis Pouroulis	2005 Share Option Plan	250,000	79.5P	Ordinary shares of 10p each	250,000 / 0.048%	113.0P
Johan Dippenaar	2005 Share Option Plan	250,000	79.5P	Ordinary shares of 10p each	250,000 / 0.048%	113.0P
David Abery	2005 Share Option Plan	250,000	79.5P	Ordinary shares of 10p each	250,000 / 0.048%	113.0P
Jim Davidson	2005 Share Option Plan	250,000	79.5P	Ordinary shares of 10p each	250,000 / 0.048%	113.0P

*Issued Share Capital (ISC)

The Company issued 1,000,000 ordinary shares of 10p each ("new Ordinary Shares") with voting rights. The new Ordinary Shares are covered under the Company's existing six month block listing return.  The Company's issued share capital post the issue of the new Ordinary Shares consisted of 523,854,217 ordinary shares of 10p each with voting rights. Therefore, the total number of voting rights in Petra is 523,854,217.  

The above figure of 523,854,217 Ordinary Shares 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 PDMRs

Directors	Total Holding of Ordinary Shares following the transactions	Resulting Percentage Holding in the Company
Adonis Pouroulis	9,564,650	1.83%
Johan Dippenaar	1,060,719	0.20%
David Abery	2,371,834	0.45%
Jim Davidson	1,043,775	0.20%

The above holdings are stated as at 5 May 2016, being the date of this announcement, with the total shares in issue (after exercise) being 523,854,217. The above information has been disclosed under DTR 3.1.2 R

~ Ends ~

For further information, please contact:

Petra Diamonds, London                                         Telephone: [phone]

Cathy Malins                                                               [e-mail]

Salisha Ilyas                                                                [e-mail]

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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 operations: four underground mines in South Africa (Finsch, Cullinan, Koffiefontein and Kimberley Underground), extensive tailings operations in Kimberley (via its interest in the Kimberley Mines) 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 million carats by FY 2019. The Group has a significant resource base of ca. 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/.

 

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