Petra Diamonds
Limited
(Petra or the
Company)
Director Share
Awards
Petra announces that the Executive Directors of the Company have
been granted deferred awards over ordinary shares in the Company
under the annual performance bonus plan.
The deferred share awards, representing 25% of the total annual
performance bonus for the financial year ended 30 June 2022, are as follows:
Director |
Position |
Value
of deferred bonus |
30-day Volume Weighted Average Price (VWAP)1 |
Deferred shares awarded
2,3 |
Richard Duffy |
Chief Executive |
£128,216 |
107.1p |
119,716 |
Jacques
Breytenbach |
Finance Director |
£84,390 |
107.1p |
78,796 |
Notes:
1. The 30-day VWAP to 10 October 2022 for deferred share awards is
107.1 pence per share.
2. All awards under the annual
performance bonus plan are granted as conditional awards over
ordinary shares in Petra of 0.05
pence each.
3. The awards under the annual
performance bonus plan are deferred for two years; these awards may
be settled using shares purchased in the market or in cash, at the
Company's discretion.
4. Further details regarding the
share awards are set out within the Directors' Remuneration Report
within the Company's 2022 Annual Report.
5. No consideration was payable
for the grant of the awards.
6. The grant of these awards does
not affect Petra's Total Voting Rights.
This announcement is made in accordance with Article 19 of
the EU Market Abuse Regulation.
~ Ends ~
For further information, please
contact:
Petra Diamonds,
London
Telephone: +44 20 7494 8203
Patrick Pittaway
Julia Stone
investorrelations@petradiamonds.com
About Petra Diamonds Limited
Petra Diamonds is a leading independent diamond mining group and
a supplier of gem quality rough diamonds to the international
market. The Company’s portfolio incorporates interests in three
underground producing mines in South
Africa (the Finsch, Cullinan and Koffiefontein Mines) and
one open pit mine in Tanzania
(Williamson).
Petra's strategy is to focus on value rather than volume
production by optimising recoveries from its high-quality asset
base in order to maximise their efficiency and profitability. The
Group has a significant resource base of ca. 226.6 million carats,
which supports the potential for long-life operations.
Petra strives to conduct all operations according to the highest
ethical standards and only operates in countries which are members
of the Kimberley Process. The Company aims to generate tangible
value for each of its stakeholders, thereby contributing to the
socio-economic development of its host countries and supporting
long-term sustainable operations to the benefit of its employees,
partners and communities.
Petra is quoted with a premium listing on the Main Market of the
London Stock Exchange under the ticker 'PDL'. The Company’s loan
notes due in 2026 are listed on the Irish Stock Exchange and
admitted to trading on the Global Exchange Market. For more
information, visit www.petradiamonds.com.