Director Share Awards
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The Company announces the grant of performance-based share awards under the Company's 2021 Performance Share Plan ("2021 PSP") over ordinary shares in the Company.
The awards made are as follows, with full vesting of the maximum award requiring performance conditions to be met in full:
| Director | Position | FY 2025 PSP award 1,2,3 , 4,5,6 |
|---|---|---|
| Richard Duffy | Chief Executive | 2,654,558 |
Notes:
- The 30-day VWAP to 23 September 2024 for the 2021 PSP awards is 27.1 pence per share.
- All awards under the 2021 PSP are granted as conditional awards over ordinary shares in Petra of 0.05 pence each.
- The FY2025 award under the 2021 PSP is subject to performance conditions based on (i) 30% linked to absolute total shareholder return (with reference to 30-day VWAP at date of final award); (ii) 55% linked to cashflow generation and resultant net debt profile measured over the three years FY2025 to FY2027; and (iii) 15% linked to ESG and sustainability.
- Further details regarding the share awards are set out within the Directors' Remuneration Report within the Company's 2024 Annual Report.
- No consideration was payable for the grant of the awards.
- The grant of these awards does not affect Petra's Total Voting Rights.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a. | Name | Richard Duffy |
| 2. | Reason for the notification | |
| a. | Position/status | Chief Executive |
| b. | Initial notification/Amendment | Initial Notification |
| a. | Name | Petra Diamonds Limited |
| b. | LEI | 213800X4QZIAVSA12860 |
| a. | Description of the Financial instrument, type of instrument Identification code | Ordinary shares of 0.05p per share par value BMG702782084 |
| b. | Nature of the transaction | Grant of performance based share awards |
| c. | Price(s) and volume(s) | Price(s) Volume(s) Nil 2,654,558 |
| d. | Aggregated information Aggregated volume Price | 2,654,558 Nil |
| Place of the transaction | London Stock Exchange, Main Market (XLON) |
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