Petra Diamonds Limited - Result of AGM
News provided by
Petra Diamonds Limited27 Nov, 2025, 13:17 GMT
| 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 Resolution 6 was withdrawn following Mr Pryor’s recent decision to resign to focus time on his executive roles.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Resolution withdrawn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
1. 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 ~
For further information, please contact:
Petra Diamonds, London
Julia Stone
Kelsey Traynor
Telephone: +44 (0)7495470187
investorrelations@petradiamonds.com
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 two underground mines in South Africa (Cullinan Mine and Finsch).
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's Ordinary Shares are admitted to the equity shares (commercial companies) category of the FCA's Official List and are admitted to trading on the Main Market of the London Stock Exchange under the ticker "PDL". The Company's loan notes, due in 2026, are listed on Euronext Dublin (Irish Stock Exchange). For more information, visit www.petradiamonds.com
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