Petra Diamonds Limited Notification of Transactions of Directors (7434M)
October 17 2016 - 10:45AM
UK Regulatory
TIDMPDL
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 LTSP(1) SHARES PSP(2) SHARES DEFFERRED SALE PRICE
SOLD SOLD SHARES PER SHARE
SOLD(3)
-------------- ------------ --------------- ------------- ---------- -----------
Chief
Johan Executive
Dippenaar Officer 69,200 225,850 54,587 1.38
-------------- ------------ --------------- ------------- ---------- -----------
Technical
Jim Davidson 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 Resulting Percentage
Ordinary Shares Holding in the Company
following the transactions
----------------- ---------------------------- ------------------------
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 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
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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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