7th Dec 2007 14:54
Petra Diamonds Ld07 December 2007 7 December 2007 AIM:PDL Petra Diamonds Limited Directors Dealing Grant of Share Options Petra Diamonds Limited ("Petra" or "the Company") announces that the Company'sRemuneration Committee resolved on 6 December 2007 to grant the following shareoptions over ordinary Petra shares: Adonis Pouroulis Chairman 300,000Johan Dippenaar Chief Executive Officer 300,000Jim Davidson Technical Director 300,000David Abery Finance Director 300,000 Due to the confidential bid process for the Cullinan diamond mine which wasunderway from 8 October 2007 (when the Company released its preliminary results)to 22 November when the Company signed the agreements for the consortium toacquire the Cullinan mine, the Company has been in a close period and wastherefore unable to grant options when the preliminary results were released, asit would ordinarily have done so. Therefore the Remuneration Committee has resolved that the exercise price forthese options be the closing mid-market price of Petra's shares on 8 October2007, being 125 pence per share, which is the exercise price at which theoptions would have been granted but for the close period due to the Cullinan bidprocess. The options granted to Directors will be subject to the satisfaction ofappropriate performance conditions. Ends Cathy Malins Telephone: +44 (0) 20 7493 7671Petra Diamonds, London Justine Howarth / Louise Goodeve Telephone: +44 (0) 20 7851 7480Parkgreen Communications, London Adrian Hadden Telephone: +44 (0) 20 7523 8000Collins Stewart, London This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Petra Diamonds