Declaration of Voting Results & Voting Rights Announcements • Oct 7, 2015
Declaration of Voting Results & Voting Rights Announcements
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RNS Number : 5660B
Petra Diamonds Limited
07 October 2015
| 7 October 2015 | LSE: PDL |
Petra Diamonds Limited
("Petra" or the "Company")
Director Share Grants
Petra Diamonds Limited announces the grant on 6 October 2015 of performance based share awards under the Company's 2012 Performance Share Plan ("2012 PSP").
The awards made are as follows, with full vesting of the maximum award requiring performance conditions to be met in full:
| Director | Position | Maximum number of ordinary shares over which award granted |
| Johan Dippenaar | Chief Executive Officer | 495,413 |
| David Abery | Finance Director | 399,929 |
| Jim Davidson | Technical Director | 399,929 |
Further details of the awards made on 6 October 2015 under the 2012 PSP will be provided in the Directors' Remuneration Report within the Company's 2015 Annual Report.
Notes:
1. These awards under the 2012 PSP are subject to performance conditions based on (i) absolute total shareholder return (25%); (ii) relative total shareholder return against mining and diamond industry peers (25%); and (iii) targets linked to delivery of the expansion programmes at the Company's various operations and operational performance (together 50%). Vesting will be based on performance measured over three years.
2. All awards under the 2012 PSP are granted as conditional awards over ordinary shares in Petra of 10p each.
3. No consideration was payable for the grant of the awards.
4. In accordance with the plan rules for the 2012 PSP, awards may be settled in cash or shares at the Company's discretion.
5. The grant of these share awards does not affect Petra's Total Voting Rights until some or all of the awards vest and the underlying shares are issued.
6. 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 [email protected]
Cornelia Grant [email protected]
Buchanan Telephone: +44 20 7466 5000
(PR Adviser)
Bobby Morse [email protected]
Anna Michniewicz [email protected]
RBC Capital Markets Telephone: +44 20 7653 4000
(Joint Broker)
Matthew Coakes [email protected]
Jonathan Hardy [email protected]
Barclays Telephone: +44 20 7623 2323
(Joint Broker)
Bertie Whitehead [email protected]
Philip Drake [email protected]
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 mines: four in South Africa (Finsch, Cullinan, Koffiefontein and Kimberley Underground) and one in Tanzania (Williamson). It also maintains an exploration programme in Botswana.
Petra has a core objective to steadily increase annual production to ca. 5 million carats by FY 2019. The Group has a significant resource base of ca. 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 member of the FTSE 250. For more information, visit the Company's website at www.petradiamonds.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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