PD Rights Issue

On 8 August 2025, Petra Diamonds announced it had reached agreement in principle with its financial stakeholders for a long-term solution for the refinancing of the Group (the Refinancing).

  • an extension to the maturity date of the Senior Secured Bank Debt from January 2026 to December 2029, alongside certain other changes to the terms of the Senior Secured Bank Debt;
  • an extension to the maturity date of the Notes from March 2026 to March 2030 alongside concurrent amendments to the Notes, including the introduction of a “payment in cash or equity” mechanism which allows the Notes Issuer to make interest payments on the Notes in equity of the Company rather than cash, at the Notes Issuer’s discretion and an increase in the cash interest rate to 10.50% (or 11.5% if the Note Issuer uses equity to make interest payments); and 
  • a rights issue of approximately US$25 million, fully underwritten and committed by certain existing Shareholders (the “Rights Issue“). 

All documentation referring to the Refinancing can be found below:

8 August 2025 Proposed Refinancing with Key Financial Stakeholders
29 August 2025Proposed Refinancing Update
11 September 2025Proposed Refinancing Update
25 September 2025Proposed Refinancing Update
30 September 2025Proposed Refinancing Update
17 October 2025Launch of Proposed Rights Issue and Update on Refinancing
17 October 2025Consent Solicitation Announcement
27 October 2025Supplement to Consent Solicitation Statement
4 November 2025Consent Solicitation Results Announcement
18 November 2025Consent Solicitation Expiry
27 November 2025Results of Rights Issue
28 November 2025Completion of Refinancing

Proposed Rights Issue 

On 17 October, we were pleased to announce the launch of the Rights Issue of 114,236,344 New Ordinary Shares at 16.5 pence per New Ordinary Share.

PROSPECTUS: The prospectus can be found here.

2025 ANNUAL REPORT: The 2025 Annual Report, which is incorporated into the prospectus by reference, can be found here.

All documentation referring to the Rights Issue can be found below:

17 October 2025Launch of Proposed Rights Issue and update on Refinancing
17 October 2025Publication of Prospectus and Notice of SGM
6 November 2025Results of SGM
7 November 2025Admission of Nil Paid Rights Announcement
27 November 2025Results of Rights Issue

PD Rights Issue
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