Petra Diamonds Limited Announces Retirement of Johannes Bhatt as Non-Executive Director
Mr Bhatt was appointed as a non-independent, Non-Executive Director of the Company on 1 July 2021. Pursuant to a Nomination Agreement between the Company and Monarch Master Funding 2 (Luxembourg) S.a.r.l. (Monarch), following the successful completion of the recapitalisation of the Company. This Nomination Agreement terminated recently when Monarch's shareholding in Petra fell below 5% resulting in the termination of Monarch's right to nominate a Director or Observer to Petra's Board.