Petra Diamonds Limited – Recent Corporate Developments

Petra Diamonds Limited (LSE: PDL), a South African‑based diamond exploration and mining company, has announced several key actions related to its equity and corporate governance in early November 2025.

Admission of Rights Issue Shares to the Official List

  • On 7 November 2025, the company confirmed that 114,236,344 rights issue shares, each with a nominal value of 0.05 pence, will be admitted to listing on the equity shares (commercial companies) category of the Official List.
  • The rights issue was fully underwritten and announced on 17 October 2025.
  • The admission was formalized by the Financial Conduct Authority (FCA) on 7 November 2025 at 08:00 GMT/BST, effective from that time.

Results of the Special General Meeting

  • On 6 November 2025, Petra Diamonds Limited held a Special General Meeting to consider the resolutions detailed in the combined prospectus and circular dated 17 October 2025.
  • The meeting concluded with a poll vote on the resolutions, and the results were announced as part of the meeting’s minutes.

Capital Adjustment for the Rights Issue Shares

  • The rights issue shares (ISIN: BMG702782084) entered the cum‑capital adjustment trading period on 6 November 2025.
  • Ex‑capital adjustment trading began on 7 November 2025, aligning with the FCA’s admission notice.

Market Context

  • As of 5 November 2025, the closing price of Petra Diamonds’ ordinary shares was £19.40.
  • The company’s 52‑week high and low were £36.00 (20 November 2024) and £11.00 (24 July 2025), respectively.
  • The price‑earnings ratio stands at –0.4, reflecting the company’s current profitability dynamics.

These actions reflect Petra Diamonds’ ongoing efforts to support its capital structure and shareholder value while maintaining compliance with regulatory requirements.