Share Placement

RNS Number : 6066N

Petra Diamonds Limited

29 July 2014

 

29 July 2014

LSE: PDL

Petra Diamonds Limited

("Petra" or the "Company")

Share Placement

Petra Diamonds Limited has been made aware that 43 million shares in the Company held by Awal Bank  BSC (in administration) ("Awal Bank")  have been placed by RBC Capital Markets, acting for the External Administrator of Awal Bank, Charles Russell LLP, with UK and international institutions at a price of 190p per share. A further 13.2 million shares held by Awal Bank are subject to a 90 day lock-up.

The Company will make the appropriate updated shareholder notifications once these have been received.

The Company is not aware that the remaining 4.6 million shares disclosed on Petra's website at http://www.petradiamonds.com/investors/shareholder-information/major-shareholders as part of the 'Saad Investments Company Limited / Awal Bank' holding are to be disposed of at this time.

For further information, please contact:

Petra Diamonds, London	Telephone: [phone]
Cathy Malins	[e-mail]
Cornelia Browne	[e-mail]

Buchanan (PR Adviser)	Telephone: [phone]
Bobby Morse Louise Mason	[e-mail] [e-mail]

RBC Capital Markets (Joint Broker)	Telephone: [phone]
Matthew Coakes Jonathan Hardy	[e-mail] [e-mail]

~ Ends ~

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 mines: five in South Africa (Finsch, Cullinan, Koffiefontein, Kimberley Underground and Helam) and one in Tanzania (Williamson). It also maintains an exploration programme in Botswana.

Petra offers an exceptional growth profile, with a core objective to steadily increase annual production to 5 million carats by FY 2019. The Group has a major 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 FTSE 250 Index.

For more information, visit the Company's website at www.petradiamonds.com.

 

END

 

 

MSCEAEXNAEFLEFF