Petra Diamonds Ltd.

Management Reports • Nov 28, 2016

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RNS Number : 3294Q

Petra Diamonds Limited

28 November 2016

28 November 2016	LSE: PDL

Petra Diamonds Limited

("Petra" or "the Company" or "the Group")

Results of Annual General Meeting

Petra Diamonds Limited is pleased to announce that, at its AGM held earlier today, shareholders passed each of the ordinary and special resolutions by the requisite majorities on a poll. The full text of each resolution is contained in the Notice of Annual General Meeting, which is available on the Company's website. The total number of votes cast for each resolution is set out in the table below.

Resolutions	Votes for (incl. discretionary)	% of Votes cast	Votes against	% of Votes Cast	Total Votes Cast	Total Votes Withheld
1. To receive the Financial Statements of      the Company for the year ended 30     June 2016, together with the Reports     of the Directors and Auditors thereon.	424,818,208	100	0	0	424,818,208	88,217
2. To approve the Directors' Annual       Remuneration  Report for the year      ended 30 June 2016.	404,935,706	98.17	7,529,622	1.83	412,465,328	12,441,097
3. To re-appoint BDO LLP as Auditors to     act as such until the conclusion of the     next AGM of the Company.	422,076,207	99.43	2,416,001	0.57	424,492,208	414,217
4. To authorise the Directors of the     Company to fix the remuneration of the     Auditors.	424,842,200	100	8	0	424,842,208	64,217
5. To re-appoint Mr Adonis Pouroulis,     who retires in accordance with the     Company's Bye-Laws, as a Director of     the Company.	407,069,340	96.35	15,419,530	3.65	422,488,870	2,417,555
6. To re-appoint Mr Christoffel Johannes     Dippenaar, who retires in accordance     with the Company's Bye-Laws, as a     Director of the Company.	424,616,256	99.95	225,952	0.05	424,842,208	64,217
7. To re-appoint Mr James Murry       Davidson, who retires in accordance      with the Company's Bye-Laws, as a      Director of the Company.	424,616,256	99.95	225,952	0.05	424,842,208	64,217
8. To re-appoint Mr Anthony Carmel      Lowrie, who retires in accordance with      the Company's Bye-Laws, as a      Director of the Company.	424,664,098	99.96	178,110	0.04	424,842,208	64,217
9. To re-appoint Dr Patrick John Bartlett,       who retires in accordance with the       Company's Bye-Laws, as a Director       of the Company.	424,664,098	99.96	178,110	0.04	424,842,208	64,217
10.  To re-appoint Mr Alexander Gordon        Kelso Hamilton, who retires in        accordance with the Company's        Bye-Laws, as a Director of the        Company.	424,663,944	99.96	178,264	0.04	424,842,208	64,217
11.  To re-appoint Ms Octavia Matshidiso        Matloa, who retires in accordance with the        Company's Bye-Laws, as a Director of the        Company.	424,663,090	99.96	179,118	0.04	424,842,208	64,217
12. To authorise the Directors of the        Company to allot Relevant Securities        within the meaning of Bye-Law 2.4 of        the Company's Bye-Laws.	424,836,558	100	4,308	0	424,840,866	65,559
13. To disapply the pre-emption        provisions of Bye-Law 2.5(a)        pursuant to Bye-Law 2.6(a)(i) of the        Company's Bye-Laws.	424,834,757	100	6,305	0	424,841,062	65,363

Notes:

1. Votes "For" and "Against" are expressed as a percentage of votes received.

2. A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

3. Total number of ordinary shares in issue as at 5pm on 25 November 2016 was 529,989,968.

In accordance with LR 9.6.2R the full text of resolution 13 has been submitted to the National Storage Mechanism and will be available for inspection at www.Hemscott.com/nsm.do.

~ Ends ~

For further information, please contact:

Petra Diamonds, London                                         Telephone: +44 20 7494 8203

Cornelia Grant                                                             [email protected] 

Salisha Ilyas                                                                [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]

BMO Capital Markets                                               Telephone : +44 20 7236 1010

(Joint Broker)

Jeffery Couch                                                              [email protected]

Neil Haycock                                                               [email protected]

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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 Operations (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.

Petra has a core objective to steadily increase annual production to ca. 5.3 million carats by FY 2019. 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 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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