Petra Diamonds (GB:PDL) has released an update.
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Petra Diamonds has issued a revised notice for its upcoming Annual General Meeting, proposing an increase in the share acquisition threshold from 30% to 35%, allowing shareholders to purchase more shares without a mandatory offer obligation. The changes aim to stabilize the company’s share price and are detailed on its website, with the AGM scheduled for November 13, 2024. Additionally, advisory votes are set for the appointment of board observers at the request of two significant shareholders.
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