Business
Notification of Transaction of PDMR
Notification of Transaction of PDMR.
About this update from Petra Diamonds Limited
[{"type":"text","content":"\n \nRNS Number : 3149T Petra Diamonds Limited 19 March 2019 \n\n \n \n \n\n\n\n19 March 2019\n\n\n LSE: PDL\n\n\n\n \nPetra Diamonds Limited\n(\"Petra,\" the \"Company\" or the \"Group\")\n \nNotification of Transaction of PDMR\nPetra Diamonds Limited has been notified today that Johan Dippenaar, Chief Executive Officer, has increased the security for the individual loan arrangements (\"Loans\") as announced on 19 June 2018 and 26 October 2018 respectively, in favour of Equities First Holdings LLC (\"the Lending Institution\") by way of a legal mortgage (\"Security\") by an additional 300,000 Ordinary Shares in the Company of 10 pence each (\"Shares\"). \nThe Loans are repayable in two years from the original date and contain reversionary rights in favour of Mr Dippenaar upon satisfaction of the Loan.\nMr Dippenaar's shareholding details are set out as below:\n\n\n\n\n\n\nNumber of ordinary shares\n\n\nPercentage of issued share capital\n\n\n\n\nSecurity announced on 19 June 2018 in connection with Rights Issue\n\n\n2,500,000\n\n\n0.29%\n\n\n\n\nSecurity announced 29 October 2018\n\n\n1,830,000\n\n\n0.21%\n\n\n\n\nIncreased security as announced 05 March 2019\n\n\n700,000\n\n\n0.08%\n\n\n\n\nIncreased security as announced today\n\n\n300,000\n\n\n0.03%\n\n\n\n\nTotal number of PDL shares offered as security\n\n\n5,330,000\n\n\n0.62%\n\n\n\n\nUnencumbered balance of PDL shares held \n\n\n3,055,830\n\n\n0.35%\n\n\n\n\nTotal holding after loan settlement and share reversion and release\n\n\n8,385,830\n\n\n0.97%\n\n\n\nThis announcement is made under the UKLA's Disclosure and Transparency Rule 3.1.2R.\n \n \n~ Ends ~\n \n \nFor further information, please contact:\n \nPetra Diamonds, London Telephone: +44 20 7494 8203\nMarianna Bowes &n...