Johannes Bhatt, a non-executive director of Petra Diamonds Limited, has announced his retirement from the company. Bhatt was appointed as a non-independent, non-executive director in July 2021 following the completion of the company's recapitalization. His appointment was made under a nomination agreement with Monarch Master Funding 2 (Luxembourg) S.a.r.l. However, the agreement recently terminated as Monarch's shareholding in Petra fell below 5%, resulting in the termination of Monarch's right to nominate a director or observer to Petra's board. Peter Hill, Petra's non-executive chairman, thanked Bhatt for his contributions and wished him success in his future endeavors. Petra Diamonds is a leading independent diamond mining group with interests in mines in South Africa and Tanzania. The company focuses on value production and operates according to the highest ethical standards.