19th Jan 2005 13:17
Petra Diamonds Ld19 January 2005 Petra Diamonds Limited (the 'Company') Director's shareholding Application has been made for 1,953,762 new ordinary shares of 10p each in theCompany to be admitted to trading on the AIM Market of London Stock Exchange plcfollowing the exercise of options by Societe Diamantaire CH Finkelstein & Co NV('Finkelstein & Co'). The total exercise value of the options was US$1,750,000and the exercise price was 47.5 pence per share. The total holding ofFinkelstein & Co following this option exercise is 6,143,706 shares,representing 8.63% of the issued share capital of the Company. CharlesFinkelstein, a director of the Company, is also a director of Finkelstein & Co. Proceeds received by the Company as a result of the exercise of the options willbe used for exploration and ongoing group working capital purposes. The shares will rank pari passu with existing ordinary shares and dealings areexpected to commence in the new ordinary shares at 8.00am on 24 January 2005. For further information, please contact: Kevin Dabinett / David Abery Justine Howarth / Cathy MalinsPetra Diamonds Parkgreen CommunicationsTel: +27 11 467 6710 Tel: +44 20 7493 3713 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Petra Diamonds