Petra Diamonds Ltd.

Remuneration Information • Nov 29, 2019

National Storage Mechanism | Additional information

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RNS Number : 1845V

Petra Diamonds Limited

29 November 2019

29 November 2019	LSE:PDL

Petra Diamonds Limited

("Petra" or the "Company")

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
Ordinary resolutions
1.     To receive the Financial Statements of the Company for the year ended 30 June 2019, together with the Reports of the Directors and Auditors thereon ("2019 Annual Report").	419,753,325		100.00		0		0.00		419,753,325		9,010
2.     To approve the Directors' Annual Remuneration Report for the year ended 30 June 2019, as contained in the 2019 Annual Report.	396,518,936		94.47		23,231,139		5.53		419,750,075		12,260
3.     To re-appoint BDO LLP as auditors to act as such until the conclusion of the next AGM of the Company.	419,751,876		100.00		1,449		0.00		419,753,325		9,010
4.     To authorise the Directors of the Company to fix the remuneration of the auditors.	419,748,626		100.00		1,449		0.00		419,750,075		12,260
5.     To re-appoint Mr Adonis Pouroulis, who retires in accordance with the Company's Bye-Laws, as a Director of the Company.	396,436,494		98.90		4,418,694		1.10		400,855,188		18,907,147
6.     To re-appoint Mr Jacques Breytenbach, who retires in accordance with the Company's Bye-Laws, as a Director of the Company.	415,098,310		98.89		4,655,015		1.11		419,753,325		9,010
7.     To re-appoint Mr Anthony Carmel Lowrie, who retires in accordance with the Company's Bye-Laws, as a Director of the Company.	415,423,216		98.97		4,330,109		1.03		419,753,325		9,010
8.     To re-appoint Dr Patrick John Bartlett, who retires in accordance with the Company's Bye-Laws, as a Director of the Company.		415,423,216		98.97		4,330,109		1.03		419,753,325		9,010
9.     To re-appoint Mr Alexander Gordon Kelso Hamilton, who retires in accordance with the Company's Bye-Laws, as a Director of the Company.		415,423,216		98.97		4,330,109		1.03		419,753,325		9,010
10.  To re-appoint Ms Octavia Matshidiso Matloa, who retires in accordance with the Company's Bye-Laws, as a Director of the Company.		415,421,591		98.97		4,331,734		1.03		419,753,325		9,010
11.  To re-appoint Ms Varda Shine, who was appointed as a Director by the Company's Board of Directors in accordance with the Company's Bye-Laws on 1 January 2019, as a Director of the Company.		419,736,519		100.00		16,806		0.00		419,753,325		9,010
12.  To re-appoint Mr Bernard Robert Pryor, who was appointed as a Director by the Company's Board of Directors in accordance with the Company's Bye-Laws on 1 January 2019, as a Director of the Company.		419,736,519		100.00		16,806		0.00		419,753,325		9,010
13.  To re-appoint Mr Richard Neil Duffy, who was appointed as a Director by the Company's Board of Directors in accordance with the Company's Bye-Laws on 1 April 2019, as a Director of the Company.		419,734,894		100.00		18,431		0.00		419,753,325		9,010
14.  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.		415,420,107		98.97		4,329,968		1.03		419,750,075		12,260
Special resolution
15.  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.		415,410,431		98.97		4,330,092		1.03		419,740,523		21,812

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 28 November 2019 was 865,431,343.

In accordance with LR 9.6.2R the full text of resolution 15 has been submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk/uk/nsm.

~ Ends ~

For further information, please contact:

Petra Diamonds, London                                         Telephone: +44 20 7494 8203

Cathy Malins

Des Kilalea     

Marianna Bowes                                                         [email protected]

Buchanan                                                                  Telephone: +44 20 7466 5000

(PR Adviser)

Bobby Morse

Ariadna Peretz                                                           [email protected]

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). Petra also conducts a limited exploration programme in Botswana and South Africa.

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. 250 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$650 million loan notes due in 2022 are listed on the Global Exchange market of the Irish Stock Exchange. For more information, visit www.petradiamonds.com.

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