Business
Directors Dealings
Directors Dealings.
About this update from Petra Diamonds Limited
[{"type":"text","content":"\n RNS Number : 8718D Petra Diamonds Ld 10 December 2009 \n \n\n\n\n\n\n\n\n\nImmediate Release\n\n\n\n10 December 2009\n\n\n\n\n\n\nPetra Diamonds Limited\n(\"Petra Diamonds\" or the \"Company\")\n\nDirectors Dealings\n\n\nPetra Diamonds Limited, the international diamond mining group, announces that, as part of the placing announced by the Company on 3 December 2009 and subject to the passing of the resolutions at the forthcoming annual general meeting of the Company, Adonis Pouroulis (Chairman) and David Abery (Finance Director) will, with effect from 18 December 2009, increase their beneficial interests in the Company's ordinary issued share capital.\n\nA trust of which, inter alia, Adonis Pouroulis and David Abery are beneficiaries (the \"Trust\") will, as set out above, subscribe for 903,055 ordinary shares of 10 pence each at the placing price of 60 pence per share.\n\nAdonis Pouroulis and David Abery will have an equal beneficial interest in the 903,055 shares purchased by the Trust. The Trust, and its funding, is independent of the Company.\n\n\n\n\n\n\nDirector\n\n\nBeneficial interest in ordinary shares acquired by the Trust\n\n\nTotal beneficial holding of ordinary shares following purchases by the Trust\n\n\nPercentage of issued share capital of the Company following purchases by the Trust*\n\n\n\n\n\nAdonis Pouroulis\n\n\n451,528\n\n\n9,564,650\n\n\n3.62\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nDavid Abery\n\n\n451,527\n\n\n1,979,649\n\n\n0.75\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTotal\n\n\n903,055\n\n\n11,544,299\n\n\n4.37\n\n\n\n\n\n*Calculated using the Company's current issued share capital of 264,005,523 ordinary shares, all of which are voting shares.\n\nJohan Dippenaar and Jim Davidson are both subject to the Exchange Control rules of the South African Reserve Bank. They are in the process of applying to the Reserve Bank for permission to become beneficiaries of the Trust, and should their application be successful, the beneficial interest in the shares detailed above to be purchased by the&nb...