Petra Diamonds Limited Director Share Vesting (6535Q)
October 19 2023 - 2:00AM
UK Regulatory
TIDMPDL
RNS Number : 6535Q
Petra Diamonds Limited
19 October 2023
19 October 2023 LSE:PDL
Petra Diamonds Limited
(Petra or the Company)
Director Share Vesting
Petra announces the approval of the vesting of certain shares in
respect of share awards originally granted on 12 January 2022 to
Petra's Executive Directors under the 2021 PSP in respect of the
period 1 July 2020 to 30 June 2023.
The vested awards are subject to a 2-year holding period and,
upon release at the end of the holding period, may be settled using
newly issued shares, shares held in treasury, shares purchased in
the market or in cash, at the Company's discretion. The number of
vested shares in each case is set out below. Details of the vesting
level is further disclosed in the Directors' Remuneration Report
within the Company's 2023 Annual Report.
Director Position 2021 PSP 2021 PSP
Number of ordinary Number of ordinary
shares vested shares lapsed (1)
(1)
Chief Executive
Richard Duffy Officer 199,118 439,078
----------------------- -------------------- -------------------
Jacques Breytenbach Chief Finance Officer 142,411 314,033
----------------------- -------------------- -------------------
Note:
1. All awards under the 2021 PSP were granted as conditional
awards over ordinary shares in Petra of 0.05p each; no
consideration was payable for the grant of the awards.
Further details regarding the share awards are set out within
the Directors' Remuneration Report within the Company's 2023 Annual
Report. This announcement is made in accordance with Article 19 of
the EU Market Abuse Regulation.
Ends
For further information, please contact:
Investor Relations, London Telephone: +44 20 7494 8203
Patrick Pittaway investorrelations@petradiamonds.com
Julia Stone
Kelsey Traynor
Financial PR (Camarco)
Gordon Poole Telephone: +44 20 3757 4980
Owen Roberts petradiamonds@camarco.co.uk
Elfie Kent
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 two
underground mines in South Africa (Finsch and Cullinan Mine) 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 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.
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