Business
Issue of Equity
Issue of Equity.
About this update from Petra Diamonds Limited
[{"type":"text","content":"\n Petra Diamonds Ld\n06 March 2007\n\n\n\nFor release 6 March 2007\n\n\n Petra Diamonds Limited\n\n Issue of Shares\n\n\nPetra Diamonds Limited ('Petra' or 'the Company') announces that the Company has\ntoday agreed to issue 10 million new Petra shares to Saad Investments Company\nLimited ('Saad') at a price of 175 pence per share, raising £17.5 million for\nthe Company before expenses.\n\nFollowing this issue, the Company will have 161,498,607 ordinary shares in issue\nand Saad will hold 43,810,390 ordinary shares in the Company representing\napproximately 27.12% of the Company's ordinary issued share capital.\nApplication has been made for the new ordinary shares to be admitted to trading\non AIM, which is expected to occur on 8 March 2007.\n\n\nENDS\n\nFor further information, please contact:\n\nCathy Malins / Annabel Leather Telephone: +44 (0) 20 7851 7480\nParkgreen Communications, London\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1293,"tagName":"div"}]