Petra Diamonds Temporary suspension of debt securities' listing
02 Noviembre 2021 - 5:48AM
UK Regulatory
TIDMPDL
2 November 2021 LSE: PDL
Petra Diamonds Limited
("Petra" or the "Company")
Temporary suspension of debt securities' listing
The Company's US$336,656,000 notes due in 2026 were admitted to listing on the
Irish Stock Exchange and admitted to trading on the Global Exchange Market in
May 2021 following the Petra group's capital restructuring. Euronext Dublin has
confirmed by announcement today a temporary suspension of this listing. The
suspension is an automatic consequence of a delay by Petra Diamonds US$
Treasury plc (the "Issuer") to publish its audited financial statements by 29
October 2021, as publication of such statements within four months' of an
issuer's financial year end is a requirement of the Issuer's retail notes'
listing.
The Issuer's audited financial statements have already been prepared and are
expected to be audited and signed-off within the next fortnight at which point
the financial statements will be published as required. The temporary
suspension from listing will be lifted immediately following such publication.
Petra announced the 2021 financial year end results for the Petra group in its
July trading update and announced its first quarter financial year 2022 results
last month. These updates can be found here: https://www.petradiamonds.com/
investors/news/
Ends
For further information, please contact:
Petra Diamonds, London Telephone: +44
20 7494 8203
Cathy Malins
investorrelations@petradiamonds.com
Marianna Bowes
Des Kilalea
About Petra Diamonds Limited
Petra Diamonds is a leading independent diamond mining group and a supplier of
gem quality rough diamonds to the international market. The Company's portfolio
incorporates interests in three underground producing mines in South Africa
(Finsch, Cullinan and Koffiefontein) and one open pit mine in Tanzania
(Williamson).
Petra's strategy is to focus on value rather than volume production by
optimising recoveries from its high-quality asset base in order to maximise
their efficiency and profitability. The Group has a significant resource base
of ca. 230 million carats, which supports the potential for long-life
operations.
Petra strives to conduct all operations according to the highest ethical
standards and only operates in countries which are members of the Kimberley
Process. The Company aims to generate tangible value for each of its
stakeholders, thereby contributing to the socio-economic development of its
host countries and supporting long-term sustainable operations to the benefit
of its employees, partners and communities.
Petra is quoted with a premium listing on the Main Market of the London Stock
Exchange under the ticker 'PDL'. The Company's US$336.7 million notes due in
2026 are listed (subject to temporary suspension) on the Irish Stock Exchange
and admitted to trading on the Global Exchange Market. For more information,
visit www.petradiamonds.com.
END
(END) Dow Jones Newswires
November 02, 2021 07:48 ET (11:48 GMT)
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