6th Mar 2007 14:32
Petra Diamonds Ld06 March 2007 For release 6 March 2007 Petra Diamonds Limited Issue of Shares Petra Diamonds Limited ("Petra" or "the Company") announces that the Company hastoday agreed to issue 10 million new Petra shares to Saad Investments CompanyLimited ("Saad") at a price of 175 pence per share, raising £17.5 million forthe Company before expenses. Following this issue, the Company will have 161,498,607 ordinary shares in issueand Saad will hold 43,810,390 ordinary shares in the Company representingapproximately 27.12% of the Company's ordinary issued share capital.Application has been made for the new ordinary shares to be admitted to tradingon AIM, which is expected to occur on 8 March 2007. ENDS For further information, please contact: Cathy Malins / Annabel Leather Telephone: +44 (0) 20 7851 7480Parkgreen Communications, London This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Petra Diamonds