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Director dealings: Petra Diamonds chairman raises stake

(Sharecast News) - Petra Diamonds revealed on Thursday that non-executive chairman José Manuel Vargas had acquired 343,139 ordinary shares in the London-listed miner. Vargas, who took over as chairman in 2024, purchased the shares on Wednesday at an average price of 25.92p each, for a total value of £88,941.63.

Following the purchase, Vargas holds a beneficial interest in 22.45m ordinary Petra shares, representing approximately 11.56% of the company's issued share capital.

As of 1615 GMT, Petra Diamonds shares were up 11.36% at 28.40p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

B&m European Value Retail S.a. (di) (BME) Director name: Hall ,Tiffany Amount purchased: 70,053 @ 287.20p Value: £201,192.21

Petra Diamonds Ltd.(di) (PDL) Director name: Vargas,José Manuel Amount purchased: 343,139 @ 25.92p Value: £88,941.63

Blackrock Throgmorton Trust (THRG) Director name: Will,James Amount purchased: 10,000 @ 558.16p Value: £55,816.00

B&m European Value Retail S.a. (di) (BME) Director name: Tant,Oliver Amount purchased: 7,500 @ 285.30p Value: £21,397.50

Staffline Group (STAF) Director name: Spain,Thomas Amount purchased: 46,400 @ 31.70p Value: £14,708.80

Coral Products (CRU) Director name: Hillman ,Ian Amount purchased: 162,000 @ 5.40p Value: £8,748.00

Pinewood Technologies Group (PINE) Director name: Exler,Dietmar Amount purchased: 1,500 @ 348.00p Value: £5,220.00

Gem Resources (GEMR) Director name: Redmond,Peter Amount purchased: 500,000 @ 0.49p Value: £2,450.00

Zoo Digital Group (ZOO) Director name: Blundell ,Phillip Amount purchased: 20,000 @ 12.15p Value: £2,430.00

Gem Resources (GEMR) Director name: Redmond,Peter Amount purchased: 500,000 @ 0.48p Value: £2,400.00

Top Director Sells

Staffline Group (STAF) Director name: Spain,Thomas Amount sold: 46,400 @ 31.70p Value: £14,708.80

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.