REG-Petra Diamonds Ltd: Directorate Change

Petra DiamondsAnnouncement

08/03/2024 07:30

8 March 2024  LSE: PDL  

 

Petra Diamonds Limited

("Petra" or "the Company")

 

Director Change

 

Petra announces that Jacques Breytenbach has resigned as Chief Financial
Officer (CFO) and as a Director of the Company for personal reasons. 

 

Jacques will remain in role focusing on the delivery of the Company's full
year results, due towards the end of September 2024, and on ensuring the
effective transition of his responsibilities.   

 

The process to identify Jacques' successor will commence immediately and
further updates will be announced in due course.  If the appointment of a new
CFO becomes effective before the end of his notice period, Jacques will step
down earlier to accommodate this.

 

Richard Duffy, Petra's Chief Executive Officer, said:

 

"Jacques has been a highly valued colleague at Petra in a variety of roles
since joining the group in 2006 and having been Chief Financial Officer since
2016.  I would like to take this opportunity to thank him, on behalf of
colleagues across Petra, for his commitment and the significant contributions
he has made during his time here.  He will leave with our very best wishes
for his future endeavours."

 

Varda Shine, Petra's Chair, said:

 

"On behalf of the Board, I would like to thank Jacques for his extensive
contributions during his time at Petra, including to the Board, having been an
Executive Director since February 2018.  We wish Jacques all the best for the
future and look forward to the appointment of his successor."

 

This announcement includes inside information as defined in Article 7 of the
Market Abuse Regulation No. 596/2014 and is being released on behalf of
Petra by the Company Secretary.

 

For further information, please contact:

 

Investor Relations, London  Telephone: +44 20 7494 8203    

Patrick Pittaway    investorrelations@petradiamonds.com

Julia Stone

Kelsey Traynor

   

About Petra Diamonds Limited

Petra Diamonds is a leading independent diamond mining group and a supplier of
gem quality rough diamonds to the international market. The Company's
portfolio incorporates interests in three underground mines in South Africa
(Finsch and Cullinan Mine) and one open pit mine in Tanzania (Williamson). The
Koffiefontein mine is currently on care and maintenance in preparation for
sale or closure.

 

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
which supports the potential for long-life operations.

 

Petra strives to conduct all operations according to the highest ethical
standards and only operates 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'. The Company's loan notes due in 2026 are
listed on the Irish Stock Exchange and admitted to trading on the Global
Exchange Market. For more information, visit www.petradiamonds.com.

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