Petra
Diamonds Limited
("Petra"
or "the Company")
Director
Change
Petra
announces
that Jacques Breytenbach has
resigned as Chief Financial Officer (CFO) and as a Director of the
Company for personal reasons.
Jacques
will remain in role focusing on the delivery of the Company's full
year results, due towards the end of September 2024, and on ensuring the effective
transition of his responsibilities.
The
process to identify Jacques' successor will commence immediately
and further updates will be announced in due
course.
If the
appointment of a new CFO becomes effective before the end of his
notice period, Jacques will step down earlier to accommodate
this.
Richard Duffy, Petra's Chief Executive Officer,
said:
"Jacques
has been a highly valued colleague at Petra in a variety of roles
since joining the group in 2006 and having been Chief Financial
Officer since 2016.
I
would like to take this opportunity to thank him, on behalf of
colleagues across Petra, for his commitment and the significant
contributions he has made during his time
here.
He
will leave with our very best wishes for his future
endeavours."
Varda Shine, Petra's Chair, said:
"On
behalf of the Board, I would like to thank Jacques for his
extensive contributions during his time at Petra, including to the
Board, having been an Executive Director since February 2018.
We
wish Jacques all the best for the future and look forward to the
appointment of his successor."
This
announcement includes inside information as defined in Article 7 of
the Market Abuse Regulation No. 596/2014 and
is being released on behalf of Petra by the Company
Secretary.
For
further information, please contact:
Investor
Relations, London Telephone:
+44 20 7494 8203
Patrick Pittaway investorrelations@petradiamonds.com
Julia Stone
Kelsey Traynor
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
mines in South Africa (Finsch and
Cullinan Mine) and one open pit mine in Tanzania (Williamson). The Koffiefontein mine
is currently on care and maintenance in preparation for sale or
closure.
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 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 loan notes due
in 2026 are listed on the Irish Stock Exchange and admitted to
trading on the Global Exchange Market. For more information, visit
www.petradiamonds.com.
