Petra Diamonds Limited
(“Petra”, “the Company” or “the Group”)
Notification re.
Deferral of Results, Annual Report and Annual General Meeting
Petra Diamonds Limited announces that it intends to make use of
the UK Financial Conduct Authority’s (“FCA”) temporary relief in
terms of corporate reporting during the COVID-19 crisis, which
allows listed companies an additional two months within which to
publish their audited financial statements.
The full FCA policy statement can be viewed at:
https://www.fca.org.uk/news/statements/delaying-annual-company-accounts-coronavirus.
The Company has therefore decided to delay the announcement of
its audited financial statements for its financial year ending
30 June 2020 and the publication of
its Annual Report and Accounts for FY 2020 to 17 November 2020. This will assist the Company in
the preparation and completion of its audited financial statements
while contending with the unprecedented challenges wrought by the
COVID-19 pandemic, which continue to pose restrictions on Petra’s
business and the audit of its results. It will also allow for a
fuller update to the Company’s stakeholders with regards to
developments in the strategic review currently underway to evaluate
an optimal long-term capital structure for the business.
As a result of the delayed publication of the FY 2020 Annual
Report and Accounts, the Company’s Annual General Meeting (“AGM”)
will also be deferred, with the new date expected to be
17 December 2020. It is envisaged
that the AGM will be held virtually this year in line with current
guidelines, and the Company will update Shareholders about the AGM
format closer to the time.
The Company notes that the date changes above are subject to the
temporary relief granted by the FCA remaining in place and that it
may have to revise its results date should the policy be revoked.
The Company also notes that the FCA will keep the policy under
review and that when the COVID-19 disruption abates, it plans to
announce how it will end the policy “in a fair, orderly and
transparent way”.
For further information, please
contact:
Petra Diamonds,
London
Telephone: +44 20 7494 8203
Cathy
Malins
investorrelations@petradiamonds.com
Marianna
Bowes
Des
Kilalea
About Petra Diamonds Limited
Petra Diamonds is a leading independent diamond mining group and
a consistent supplier of gem quality rough diamonds to the
international market. The Company has a diversified portfolio
incorporating interests in three underground producing mines in
South Africa (Finsch, Cullinan and
Koffiefontein) and one open pit producing mine in Tanzania (Williamson).