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Richard Duffy, Chief Executive Officer of Petra Diamonds Limited, purchased 266,411 ordinary shares in the Company between 2-8 November 2023 at an average price of 47.48 pence per share. Following these transactions, Mr. Duffy holds 539,203 shares, representing approximately 0.277% of the Company's issued share capital. His aggregate interest in the Company, including previously granted awards, totals 879,993 shares, representing approximately 0.453% of the issued share capital.
| Date | 8 Nov 2023 |
| Time | 16:03:29 |
| Category | Director/PDMR dealings |
| ID | 8331S |
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8 November 2023 |
LSE: PDL |
("Petra", the "Company" or the "Group")
Notification and public disclosure of transactions by Director/PDMR Shareholding
The Company was notified on 8 November 2023 of the purchase of shares in the Company by Richard Duffy, Chief Executive Officer of Petra Diamonds Limited.
Richard Duffy, Chief Executive Officer has purchased 266,411 ordinary shares of 0.05 pence each (the "Shares") in the Company at an average price of 47.48 pence per Share. As a result of these trades, Richard Duffy now holds 539,203 Shares representing approximately 0.277% of the Company's issued share capital.
In addition to the above, and as announced on 19 October 2023, Mr Duffy was granted a deferred award of 141,672 Shares pursuant to the Company's annual performance bonus plan, with 119,118 Shares granted to Mr Duffy under Petra's 2021 Performance Share Plan vesting on the same date. As explained in the relevant announcements, these awards are subject to a two-year holding period and at the end of this period, may be settled by the Company, in its election, using newly issued shares, shares held in treasury, shares purchased in the market or in cash. Including the aforementioned Shares, Mr Duffy's aggregate interest in the Company is 879,993 shares, representing approximately 0.453% of the Company's issued share capital.
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a. |
Name |
Richard Duffy |
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2. |
Reason for the notification |
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a. |
Position/status |
Chief Executive Officer |
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b. |
Initial notification/Amendment |
Initial Notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a. |
Name |
Petra Diamonds Limited |
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b. |
LEI |
213800X4QZIAVSA12860 |
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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 |
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a. |
Description of the Financial instrument, type of instrument
Identification code |
Ordinary shares of 0.05p each
BMG702782084 |
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b. |
Nature of the transaction |
Purchase of ordinary shares |
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c. |
Price(s) and volume(s) |
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d. |
Aggregated information · Aggregated volume · Price
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266,411 £128,194 |
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e. |
Date of the transaction |
2 - 8 November 2023 |
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f. |
Place of the transaction |
London Stock Exchange, Main Market (XLON) |
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~ Ends ~
For further information, please contact:
Investor Relations, London
Patrick Pittaway Telephone: +44 207494 8203
Julia Stone investorrelations@petradiamonds.com
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 three underground mines in South Africa (Finsch, Cullinan Mine and Koffiefontein) and one open pit mine in Tanzania (Williamson). The Koffiefontein mine is currently on care and maintenance in preparation of closure.
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 Group 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 Group'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.