Petra Diamonds Limited Director Share Vesting (5515V)
04 November 2017 - 12:31AM
UK Regulatory
TIDMPDL
RNS Number : 5515V
Petra Diamonds Limited
03 November 2017
3 November 2017 LSE: PDL
Petra Diamonds Limited
("Petra," "the Company")
Director Share Vesting
Petra Diamonds Limited announces the approval of the following
vesting and delivery of shares to the Executive Directors:
(i) originally granted on 28 November 2014 under the Company's
2012 Performance Share Plan ("2012 PSP") in respect of the period 1
July 2014 to 30 June 2017; and
(ii originally granted on 30 November 2015, deferred awards
("2015 Deferred shares") over ordinary shares in the Company under
the annual performance bonus plan.
The number of vested shares in each case is set out below.
Details with regards to the vesting level is further disclosed in
the Directors' Remuneration Report within the Company's 2017 Annual
Report.
Director Position 2012 PSP 2012 PSP 2015
Deferred
Number Number of ordinary shares
of ordinary shares lapsed
shares Number of
vested ordinary
shares vested
------------------- ------------------- ------------- ------------------- ---------------
Chief Executive
Johan Dippenaar Officer 75,539 227,832 75,000
------------------- ------------------- ------------- ------------------- ---------------
Technical
Jim Davidson Director 60,980 183,920 60,545
------------------- ------------------- ------------- ------------------- ---------------
Notes:
1. All awards under the 2012 PSP were granted as conditional
awards over ordinary shares in Petra of 10p each; no consideration
was payable for the grant of the awards.
2. This announcement is made under the UKLA's Disclosure and Transparency Rule 3.1.2R.
Ends
For further information, please contact:
Petra Diamonds, London Telephone: +44 20 7494 8203
Cathy Malins cathy.malins@petradiamonds.com
Buchanan Telephone: +44 20 7466 5000
(PR Adviser)
Bobby Morse bobbym@buchanan.uk.com
Anna Michniewicz annam@buchanan.uk.com
About Petra Diamonds Limited
Petra 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 five producing
operations: three underground mines in South Africa (Finsch,
Cullinan and Koffiefontein), the Kimberley Ekapa Mining joint
venture (including the Kimberley Underground mine and extensive
tailings retreatment operations) and one open pit mine in Tanzania
(Williamson). It also maintains an exploration programme in
Botswana and South Africa.
Petra has a core objective to steadily increase annual
production to 5.0 - 5.3 million from FY 2019 onwards. The Group has
a significant resource base in excess of 300 million carats.
Petra conducts all operations according to the highest ethical
standards and will only operate in countries which are members of
the Kimberley Process. Petra is quoted with a premium listing on
the Main Market of the London Stock Exchange under the ticker 'PDL'
and is a constituent of the FTSE4Good Index. For more information,
visit www.petradiamonds.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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