19 November 2021

LSE:PDL

Petra Diamonds Limited

("Petra" or the "Company")

Results of Annual General Meeting

Petra Diamonds Limited is pleased to announce that at the Annual General Meeting (“AGM”) held earlier today shareholders passed each of the ordinary and special resolutions by the requisite majorities on a poll.

The full text of each resolution is contained in the Notice of AGM, which is available on the Company's website at https://www.petradiamonds.com/investors/shareholders/meetings/.

The total number of votes cast for each resolution is set out in the table below.

Resolutions	Votes for (incl. discretionary)	% of Votes Cast		Votes Against	% of Votes Cast	Total Votes Cast	Total Votes Withheld
Ordinary resolutions
1. To receive the Financial Statements of the Company for the year ended 30 June 2021, together with the Reports of the Directors and Auditors thereon (“2021 Annual Report”).	5,195,259,186	99.99		461,620	0.01	5,195,720,806	307,053
2. To approve the Directors’ Annual Remuneration Report for the year ended 30 June 2021, as contained in the 2021 Annual Report.	4,941,886,501	95.11		253,834,305	4.89	5,195,720,806	307,053
3. To re-appoint BDO LLP as auditors to hold office until the conclusion of the next AGM of the Company.	5,195,318,211	99.99		465,595	0.01	5,195,783,806	307,053
4. To uthorize the Directors of the Company to fix the remuneration of the auditors.	5,195,235,539	99.99		485,267	0.01	5,195,720,806	307,053
5. To re-elect Mr Peter John Hill, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company.	5,007,376,065	96.38		188,344,741	3.62	5,195,720,806	307,053
6. To re-elect Mr Richard Neil Duffy, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company.	5,007,376,065	96.38	188,344,741		3.62	5,195,720,806	307,053
7. To re-elect Mr Jacques Breytenbach, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company.	5,195,220,539	99.99		500,267	0.01	5,195,720,806	307,053

   

8. To re-elect Ms Varda Shine, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company.	5,195,218,914	99.99	501,892	0.01	5,195,720,806	307,053
9. To re-elect Ms Octavia Matshidiso Matloa, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company.	5,195,218,914	99.99	501,892	0.01	5,195,720,806	307,053
10. To re-elect Mr Bernard Robert Pryor, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company.	5,195,220,539	99.99	500,267	0.01	5,195,720,806	307,053
11 To elect Mr Matthew Glowasky, who was appointed by the Company’s Board of Directors in accordance with the Company’s Bye-Laws on 10 March 2021, as a Director of the Company.	5,195,233,914	99.99	486,892	0.01	5,195,720,806	307,053
12. To elect Ms Deborah Gudgeon, who was appointed by the Company’s Board of Directors in accordance with the Company’s Bye-Laws on 1 July 2021, as a Director of the Company.	5,195,235,539	99.99	485,267	0.01	5,195,720,806	307,053
13. To elect Ms Alexandra Watson, who was appointed by the Company’s Board of Directors in accordance with the Company’s Bye-Laws on 1 July 2021, as a Director of the Company.	5,195,233,914	99.99	486,892	0.01	5,195,720,806	307,053
14. To elect Mr Johannes Bhatt Watson, who was appointed by the Company’s Board of Directors in accordance with the Company’s Bye-Laws on 1 July 2021, as a Director of the Company.	5,195,235,539	99.99	485,267	0.01	5,195,720,806	307,053
15. To approve that every 50 ordinary shares of 0.001 pence each in the capital of the Company (both issued and authorised but unissued) be consolidated into one ordinary share of 0.05 pence each in the capital of the Company.	5,195,224,157	99.99	496,649	0.01	5,195,720,806	307,053
16. To approve an increase in the authorised capital of the Company from £100,000 to £10,000,000 comprised of 20,000,000,000 ordinary shares of 0.05 pence each.	5,195,217,211	99.99	503,595	0.01	5,195,720,806	307,053

   

17. Subject to the passing of resolution 16, to authorise the Directors of the Company to issue and allot Relevant Securities within the meaning of Bye-Law 2.4 of the Company’s Bye-Laws up to an aggregate nominal amount of £32,366.96 up until the next AGM of the Company.	5,195,222,889	99.99	497,917	0.01	5,195,720,806	307,053
18 To approve the rules of Petra Diamonds Limited’s 2021 Performance Share Plan and the Directors be authorised to adopt and operate the Plan.	5,195,204,514	99.99	516,292	0.01	5,195,720,806	307,053
Special resolution
19. Subject to the passing of resolutions 16 and 17, to disapply the pre-emption provisions of Bye-Law 2.5(a) pursuant to Bye-Law 2.6(a)(i) of the Company’s Bye-Laws.	4,867,271,853	93.68	328,448,953	6.32	5,195,720,806	307,053

Notes:

1. Votes "For" and "Against" are expressed as a percentage of votes received.

2. A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

3. Total number of ordinary shares in issue as at 5pm on 18 November 2021 was 9,710,089,272.

In accordance with LR 9.6.2R the full text of resolution 19 has been submitted to the National Storage Mechanism and will be available for inspection at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

~ Ends ~

For further information, please contact:

Petra Diamonds, London                                         Telephone: +44 20 7494 8203

Cathy Malins

Des Kilalea     

Marianna Bowes                                                         [email protected]

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 (Finsch, Cullinan and Koffiefontein) 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. 230 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 US$336.7 million 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.