Business
Temporary suspension of debt securities' listing
Temporary suspension of debt securities' listing.
About this update from Petra Diamonds Limited
[{"type":"text","content":"\n \n \n \n \n 2 November 2021\n \n \n LSE: PDL\n \n \n \n Petra Diamonds Limited\n (\"Petra\" or the \"Company\")\n Temporary suspension of debt securities' listing\n The Company’s US$336,656,000 notes due in 2026 were admitted to listing on the Irish Stock Exchange and admitted to trading on the Global Exchange Market in May 2021 following the Petra group's capital restructuring. Euronext Dublin has confirmed by announcement today a temporary suspension of this listing. The suspension is an automatic consequence of a delay by Petra Diamonds US$ Treasury plc (the \"Issuer\") to publish its audited financial statements by 29 October 2021, as publication of such statements within four months’ of an issuer’s financial year end is a requirement of the Issuer's retail notes’ listing.\n The Issuer's audited financial statements have already been prepared and are expected to be audited and signed-off within the next fortnight at which point the financial statements will be published as required. The temporary suspension from listing will be lifted immediately following such publication.\n Petra announced the 2021 financial year end results for the Petra group in its July trading update and announced its first quarter financial year 2022 results last month. These updates can be found here: https://www.petradiamonds.com/investors/news/\n ~ Ends ~\n For further information, please contact:\n \n Petra Diamonds, London Telephone: +44 20 7494 8203\n Cathy Malins [email protected]\n Marianna Bowes \n Des Kilalea\n About Petra Diamonds Limited\n Petra Diamonds is a leading independent diamond mining group and a supplier of gem quality rough diamonds to the international market. The Company’s portfolio incorporates interests in three underground producing mines in South Africa (Finsch, Cullinan and Koffiefontein) and one open pit mine in Tanzania (Williamson).\n Petra's strategy is to focus on value rather than volume production by optimising recoveries from its high-quality asset base in order to maximise their efficiency and profitability. The Group has a significant resource base of ca. 230 million carats, which supports the potential for long-life operations.\n Petra strives to conduct all operations according to the highest ethical standards and only operates in countries which are members of the ...