Petra Diamonds (GB:PDL) has released an update.
Petra Diamonds has disclosed that Non-Executive Director José-Manuel Vargas has increased his stake in the company by purchasing 1.5 million shares at an average price of 40 pence each, now holding 8.75% of the issued share capital. The transaction, which took place on the London Stock Exchange, signals a strong vote of confidence from Vargas in the diamond mining group’s future. Petra Diamonds is renowned for its high-quality diamond production and ethical operations across its mines in South Africa and Tanzania.
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