Result of AGM
Petra Diamonds Limited announced that all resolutions were passed at its Annual General Meeting, with the exception of Resolution 6 which was withdrawn. The financial statements for the year ended 30 June 2025 were approved with 138,567,355 votes for and only 2,036 against. Similarly, the Directors' Annual Remuneration Report received overwhelming support. BDO LLP was re-appointed as auditors with 109,444,050 votes for, though the Board noted a significant number of votes against this resolution and will engage with shareholders to understand concerns. Directors José Manuel Vargas, Deborah Gudgeon, Lerato Molebatsi, and newly elected Kushal Kumar were all approved with high percentages of votes cast.
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| 27 November 2025 | LSE: PDL |
Petra Diamonds Limited
(Petra or the Company)
Results of Annual General Meeting
Petra Diamonds Limited announces that, at its Annual General Meeting (AGM) held earlier today, all resolutions set out in the Notice of AGM put to the AGM were passed by the requisite majority. Resolution 6 was withdrawn following Mr Pryor’s recent decision to resign to focus time on his executive roles.
The full text of each resolution is contained in the Notice of AGM, which is available on the Company's website at https://www.petradiamonds.com/investors/shareholders/meetings/.
Each of the resolutions put to the Annual General Meeting was voted on by way of a poll and the results are set out below.
| Resolutions | Votes for (incl discretionary) | % of Votes cast | Votes against | % of Votes Cast | Total Votes Withheld |
|---|---|---|---|---|---|
| ORDINARY RESOLUTIONS | |||||
| To receive the Financial Statements of the Company for the year ended 30 June 2025, together with the Reports of the Directors and Auditors (the Annual Report ). | 138,567,355 | 99.99 | 2,036 | 0.01 | - |
| To approve the Directors’ Annual Remuneration Report for the year ended 30 June 2025, as contained in the Annual Report. | 138,567,055 | 99.99 | 2,336 | 0.01 | - |
| To re-appoint BDO LLP as auditors to hold office until the conclusion of the next AGM of the Company. | 109,444,050 | 78.98 | 29,125,341 | 21.02 | - |
| To authorise the Directors of the Company to fix the remuneration of the auditors. | 138,567,355 | 99.99 | 2,036 | 0.01 | - |
| To re-elect Mr José Manuel Vargas, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company. | 136,310,159 | 98.37 | 2,259,232 | 1.63 | - |
| To re-elect Mr Bernard Robert Pryor, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company. | Resolution withdrawn | ||||
| To re-elect Ms Deborah Gudgeon, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company. | 136,310,159 | 98.37 | 2,259,232 | 1.63 | - |
| To re-elect Ms Lerato Molebatsi, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company. | 138,567,048 | 99.99 | 2,343 | 0.01 | - |
| To elect Mr Kushal Kumar as a Director of the Company. | 138,567,055 | 99.99 | 2,336 | 0.01 | - |
| On an advisory basis, to support the continuation of the appointment of Mr Amre Youness as a Board Observer from 1 May 2024, entitling him to attend but not vote at Board meetings. | 137,363,298 | 99.13 | 1,206,093 | 0.87 | - |
Notes
- The Board notes that although resolution 3 passed, it had a significant number of votes cast against. The Board will continue its ongoing dialogue with Shareholders and consult as appropriate to fully understand any concerns in relation to this resolution. In accordance with Section 1, Provision 4 of the 2024 UK Corporate Governance Code, the Board shall provide an update on these engagements within six months of the AGM.
~ Ends ~
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