[miningmx.com] – SHARES in Petra Diamonds were under pressure this week after its major shareholder, Awal Bank, sold shares in the company at a 12% discount, said Reuters.
Awal Bank, which held about 11.9% of Petra Diamonds, placed 43-million shares with UK and international institutions at 190p per share or about £82m, said Reuters. The stock was down 11% on July 29 and continued to slide on July 30.
The miner said it was unaware if the remaining 4.6-million shares held by Awal Bank were to be sold at this time.
Click here to read the full article
