Petra Diamonds (LSE: PDL) reported that three of its senior directors, Adonis Pouroulis, David Abery and Charles Segall, had agreed to acquire approximately 4.134 million shares in Petra from BHP Billiton. The shares were sold by BHP Billiton at a price of 22 pence per share.
The shares acquired will be registered in a trust to be set up by the three directors. Following the share transaction, Adonis Pouroulis holds 4.95% of the issued share capital in Petra Diamonds, while David Abery and Charles Segall hold 0.83% and 0.75% respectively.