Petra Diamonds Limited Notification of Transaction of Director / PDMR (7089F)
May 19 2017 - 9:45AM
UK Regulatory
TIDMPDL
RNS Number : 7089F
Petra Diamonds Limited
19 May 2017
19 May 2017 LSE: PDL
Petra Diamonds Limited
("Petra," "the Company" or "the Group")
Notification of Transaction of Director / PDMR
Petra Diamonds Limited announces the following transaction of a
Director/Person Discharging Managerial Responsibility ("PDMR").
The transaction below took place on 19 May 2017 in London and
was notified to the Company on the same day. The transaction
relates to the exercise of option awards and the subsequent sale of
shares.
EXERCISE OF OPTIONS FROM THE 2005 SHARE OPTION PLAN, AND
SUBSEQUENT SALE:
NAME AWARD NO. OF EXERCISE DESCRIPTION NUMBER SALE PRICE
TYPE OPTIONS PRICE OF SHARES OF SHARES PER SHARE
EXERCISED PER OPTION SOLD /
ISC*
------------ --------- ----------- ----------- ----------- ----------- -----------
2005 Ordinary
Share shares
Adonis Option of 10p 250,000
Pouroulis Plan 250,000 27.5p each / 0.047% 133.12p
------------ --------- ----------- ----------- ----------- ----------- -----------
*Issued Share Capital (ISC)
The Company issued 250,000 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 530,491,218 ordinary shares of 10p
each with voting rights. Therefore, the total number of voting
rights in Petra is 530,491,218.
The above figure of 530,491,218 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.
Following the exercise of option awards and subsequent sale,
Adonis Pouroulis holds 7,735,000 shares, representing 1.46% of the
total issued share capital.
Ends
For further information, please contact:
Petra Diamonds, London Telephone: +44 20 7494 8203
Cathy Malins cathy.malins@petradiamonds.com
Cornelia Grant cornelia.grant@petradiamonds.com
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 Ekapa Mining joint
venture (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 www.petradiamonds.com.
a)
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 Ordinary shares of
financial instrument, 10p each
type of instrument
--------- ------------------------------------- --------------------------
b) Nature of the transaction Sale of ordinary shares
--------- ------------------------------------- --------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ------------------------------------- ------------ ------------
133.12p 250,000
----------------------------------------------- ------------ ------------
d) Aggregated information
* Aggregated volume 250,000
133.12p
* Price
----------------------------------------------- --------------------------
e) Date of the transaction 19/05/2017
--------- ------------------------------------- --------------------------
f) Place of the transaction London Stock Exchange,
Main Market (XLON)
--------- ------------------------------------- --------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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