Petra Diamonds nominates Matthew Glowasky for upcoming appointment to its Board as Non-Executive Director

– JERSEY, St. Helier –  Petra Diamonds Limited (LON: PDL) today announced the prospective appointment of Matthew Glowasky to its Board as a Non-Executive Director nominee appointed by Monarch Master Funding 2 S.à r.l.., subject to the successful implementation of the Consensual Restructuring.

Mr Glowasky will also be a member of the Investment Committee, which shall be established with effect from the Restructuring Effective Date to monitor significant capital and other investments.

About Matthew Glowasky

Mr Glowasky has over five years of directorial experience in UK companies in the health and social care sector and was a director of Latécoère S.A., a publicly quoted company in France, between 2015 and 2019.

Mr Glowasky is a director of Northwind Leisure Limited which was acquired by Monarch on 26 November 2014, which has been in administration since 2 November 2015.

About Petra Diamonds Limited

Petra Diamonds is a leading independent diamond mining group and a consistent supplier of gem-quality rough diamonds to the international market. The Company has a diversified portfolio incorporating interests in three underground producing mines in South Africa and one open-pit mine in Tanzania.

Petra’s strategy is to focus on value rather than volume production by optimising recoveries from its high-quality asset base to maximise their efficiency and profitability. The Group has a significant resource base of ca. 243 million carats, which supports the potential for long-life operations.

Petra conducts all operations according to the highest ethical standards and will only operate 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’ and is a constituent of the FTSE4Good Index. The Company’s US$650 million loan notes due in 2022, currently subject to restructuring, are listed on the Global Exchange Market of the Irish Stock Exchange.

For more information : https://www.petradiamonds.com/

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