Richard Duffy, Chief Executive Officer of Petra Diamonds Limited, has purchased 266,411 ordinary shares in the company at an average price of 47.48 pence per share. This brings his total holdings to 539,203 shares, representing approximately 0.277% of the company's issued share capital. In addition to the shares purchased, Mr. Duffy was granted a deferred award of 141,672 shares as part of the company's annual performance bonus plan. These awards are subject to a two-year holding period and may be settled using newly issued shares, shares held in treasury, shares purchased in the market, or in cash. Including the granted shares, Mr. Duffy's aggregate interest in the company is 879,993 shares, representing approximately 0.453% of the company's issued share capital.
Petra Diamonds Limited is a leading independent diamond mining group and supplier of gem quality rough diamonds. The company operates three underground mines in South Africa and one open pit mine in Tanzania. Petra's strategy is to focus on value rather than volume production by optimizing recoveries from its high-quality asset base. The company aims to conduct all operations according to the highest ethical standards and only operates in countries that are members of the Kimberley Process. Petra strives to generate tangible value for its stakeholders and contribute to the socio-economic development of its host countries.