Business
Share Placement
Share Placement.
About this update from Petra Diamonds Limited
[{"type":"text","content":"\n \nRNS Number : 6066N Petra Diamonds Limited 29 July 2014 \n\n \n \n\n\n\n\n29 July 2014\n\n\nLSE: PDL\n\n\n\n\n \nPetra Diamonds Limited\n(\"Petra\" or the \"Company\")\n \nShare Placement\n \n \nPetra Diamonds Limited has been made aware that 43 million shares in the Company held by Awal Bank BSC (in administration) (\"Awal Bank\") have been placed by RBC Capital Markets, acting for the External Administrator of Awal Bank, Charles Russell LLP, with UK and international institutions at a price of 190p per share. A further 13.2 million shares held by Awal Bank are subject to a 90 day lock-up. \n \nThe Company will make the appropriate updated shareholder notifications once these have been received.\n \nThe Company is not aware that the remaining 4.6 million shares disclosed on Petra's website at http://www.petradiamonds.com/investors/shareholder-information/major-shareholders as part of the 'Saad Investments Company Limited / Awal Bank' holding are to be disposed of at this time. \n \n \nFor further information, please contact:\n \n\n\n\n\nPetra Diamonds, London \n\n\nTelephone: +44 20 7494 8203\n\n\n\n\nCathy Malins \n\n\[email protected] \n\n\n\n\nCornelia Browne\n\n\[email protected] \n\n\n\n\n \n\n\n\n\nBuchanan\n(PR Adviser)\n\n\nTelephone: +44 20 7466 5000\n\n\n\n\nBobby Morse\nLouise Mason\n\n\[email protected]\[email protected]\n\n\n\n\n \n\n\n\n\nRBC Capital Markets\n(Joint Broker)\n\n\nTelephone: +44 20 7653 4000\n\n\n\n\nMatthew Coakes\nJonathan Hardy\n\n\[email protected]\[email protected]\n\n\n\n\n \n \n~ Ends ~\n \nAbout Petra Diamonds Limited\nPetra Diamonds is a leading independent diamond mining group and an increasingly important supplier of rough diamonds to the international market. The Company has interests in six producing mines: five in South Africa (Finsch, Cullinan, Koffiefontein, Kimberley Underground and Helam) and one in Tanzania (Williamson). It also maintains an exploration programme in Botswana.\n \nPetra offers an exceptional growth profile, with a core objective to steadily increase annual production to 5 million carats by FY 2019. The Group has a major resource base in excess of 300 million carats.\n \nPetra conducts a...