PDL Petra Diamonds Limited

 
TIDMPDL 
 
17 May 2022                                                                                                   LSE: PDL 
 
                            Petra Diamonds Limited 
 
                          ("Petra" or the "Company") 
 
                             Director Resignation 
 
Petra today announces that Matthew Glowasky has informed the Board that he will 
stand down as a Non-Executive Director of the Company, with immediate effect. 
 
Mr Glowasky was appointed as a non-independent, Non-Executive Director of the 
Company on 10 March 2021, pursuant to a Nomination Agreement between the 
Company and Monarch Master Funding 2 (Luxembourg) S.a r.l. ("Monarch") and 
following the successful completion of the recapitalisation of the Petra 
Group. 
 
While Monarch does not currently intend to nominate a director to replace Mr 
Glowasky, it retains its right to do so under the Nomination Agreement. 
Further details of the Nomination Agreement are contained in the combined 
circular and prospectus published by Petra on 22 December 2020. 
 
Peter Hill, Petra's Non-Executive Chairman, commented: 
 
"On behalf of the Board, I would like to thank Matthew for his contribution to 
Petra during his tenure as a director and wish him every success in his future 
endeavours." 
 
                                    Ends 
 
For further information, please contact: 
 
Petra Diamonds, London                 Telephone: +44 20 7494 8203 
 
Jill Sherratt 
investorrelations@petradiamonds.com 
 
Patrick Pittaway 
 
Julia Stone 
 
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

May 17, 2022 02:00 ET (06:00 GMT)

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