Petra Diamonds Limited
(“Petra” or the “Company”)
Temporary suspension of the listing of debt securities
Of the society US $ 336,656,000 the bonds due 2026 have been admitted to the Irish Stock Exchange and admitted to trading on the Global Exchange Market in May 2021 following the restructuring of the capital of the Petra group. Euronext Dublin confirmed by announcement today a temporary suspension of this listing. The suspension is an automatic consequence of a delay by Petra Diamonds US $ Treasury plc (the “Issuer”) in releasing its audited financial statements by October 29, 2021because the publication of such statements within four months of an issuer’s fiscal year end is a requirement of the issuer’s retail rating.
The Issuer’s audited financial statements have already been prepared and are expected to be audited and approved within the next fifteen days, at which time the financial statements will be issued as required. The temporary suspension of listing will be lifted immediately after this publication.
Petra announced the Petra Group’s 2021 year-end results in its July business update and announced its fiscal 2022 first quarter results last month. These updates are available here: https://www.petradiamonds.com/investors/news/
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For more information, please contact:
Petra Diamonds, London Telephone: +44 20 7494 8203
Cathy Malins [email protected]
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 includes interests in three underground mines in production at South Africa (Finsch, Cullinan and Koffiefontein) and a surface mine at Tanzania (Williamson).
Petra’s strategy is to focus on value rather than volume production by optimizing recoveries from its high-quality asset base to maximize their efficiency and profitability. The Group has a significant resource base of approximately. 230 million carats, which supports the potential for long-term operations.
Petra strives to conduct all of its operations to the highest ethical standards and operates only in countries that 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 for the benefit of its employees, partners and communities.
Petra is listed with a premium listing on the main market of the London Stock Exchange under the symbol “PDL”. Of the society US $ 336.7 million the bonds due 2026 are listed (subject to temporary suspension) on the irish stock exchange and admitted to trading on the global stock market. For more information, visit www.petradiamonds.com.