Business
Directors' Dealings - Grant o
Directors' Dealings - Grant o.
About this update from Petra Diamonds Limited
[{"type":"text","content":"\n RNS Number : 7282I Petra Diamonds Ld 17 March 2010 \n \n\n \n \n \nImmediate Release 17 March 2010\n \nPetra Diamonds Limited\n(\"Petra\" or the \"Company\")\n \nDirectors' Dealings - Grant of Share Options\n \n \nPetra Diamonds Limited announces that the Company's Remuneration Committee resolved on 16 March 2010 to grant the following share options over ordinary Petra shares:\n \n \n\n\n\n\nDirector\n\n\nPosition held within the Company\n\n\nNumber of Shares over which Options granted \n\n\nTotal Number of Shares under option following grant \n\n\n\n\nAdonis Pouroulis\n\n\nChairman\n\n\n100,000\n\n\n1,450,000\n\n\n\n\nJohan Dippenaar\n\n\nChief Executive Officer\n\n\n350,000\n\n\n2.450,000\n\n\n\n\nDavid Abery\n\n\nFinance Director\n\n\n350,000\n\n\n2,450,000\n\n\n\n\nJim Davidson\n\n\nTechnical Director\n\n\n350,000\n\n\n2,450,000\n\n\n\n\n \n \nThe exercise price for the above options is the 30 trading day average closing mid-market price of Petra's shares up to 16 March 2010, the date of grant, being 60.5 pence per share. The options are subject to the satisfaction of appropriate performance conditions.\n \nThe Board and the Remuneration Committee also resolved to grant 3,114,000 options to other management (not directors) of the Company, at the same exercise price. \n \nFollowing these option grants, the total number of shares under option will be 22,152,000 (representing 6.28% of the Company's issued share capital) of which the number granted to the Directors is 8,800,000 (representing 2.50% of the Company's issued share capital).\n \n \nEnds\n \n \n\n\n\n\nFor further information, please contact:\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nBobby Morse / Ka...