FOR IMMEDIATE RELEASE
Petra Diamonds
Limited
("Petra", "PDL" or the "Company" or,
in conjunction with its subsidiaries, the "Group")
Directorate
Change
Further to the announcement made by the Company earlier today
and pursuant to paragraph 9.6.12 of
the Listing Rules, the Company announces that the appointment to
the Board as a Non-Executive Director of Mr. Matthew Glowasky, whose prospective appointment
was initially announced on 22 December 2020, became
effective today immediately upon Admission.
Capitalised terms used but not defined in this announcement have
the meaning given to them in the combined prospectus and circular
published by the Company on 22 December
2020, which is available on the Company's website
(www.petradiamonds.com/investors/2020-financial-restructuring/).
~ Ends ~
For further information, please
contact:
Petra Diamonds,
London
Telephone: +44 20 7494 8203
Des Kilalea
investorrelations@petradiamonds.com
Marianna Bowes
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 mine in Tanzania (Williamson).
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. 243 million carats,
which supports the potential for long-life operations.
Petra conducts all operations according to the highest ethical
standards and will only operate in countries which are members of
the Kimberley Process. The Company aims to generate tangible value
for each of its stakeholders, thereby contributing to the
socio-economic development of its host countries and supporting
long-term sustainable operations to the benefit of its employees,
partners and communities.
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. The Company’s US$337
million notes due in 2026 will be admitted to the official
list and trading on the regulated market of the Irish Stock
Exchange. For more information, visit www.petradiamonds.com.