Send this article to a friend
Print this page

If you want to share this article, simply sign into one of these sites and select your network. It’s that easy Click here to find out more about how to use this button

Petra

Posted: Tue, 14 Apr 2009

[miningmx.com] -- Petra Diamonds, the AIM-listed mid-tier diamond exploration, development and production with all of its operations in southern Africa, on Tuesday reported that three of its senior directors had agreed to acquire about 4.1 million shares in Petra from BHP Billiton, I-Net Bridge reported.

The three directors are Adonis Pouroulis, David Abery and Charles Segall.

The shares, sold by BHP Billiton at a price of 22 pence per share, will be registered in a trust to be set up by the three directors.

Following the share transaction, Pouroulis holds 4.95% of the issued share capital in Petra Diamonds, while Abery holds 0.83% and and Segall owns 0.75%.

At 12:11 shares in BHP Billiton were trading 6.93% or R12.93 firmer at R199.51 on the JSE.