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May 25 2012 11:36
The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.
Johannesburg - Petra Diamonds, the AIM-listed mid-tier diamond exploration, development and production with all of its operations in southern Africa, on Tuesday reported that three of its senior
directors had agreed to acquire about 4.1 million shares in Petra from BHP Billiton.
The three directors are Adonis Pouroulis, David Abery and Charles Segall.
The shares, sold by BHP Billiton at a price of 22 pence per share, will be registered in a trust to be set up by the three directors.
Following the share transaction, Pouroulis holds 4.95% of the issued share capital in Petra Diamonds, while Abery holds 0.83% and and Segall owns 0.75%.
At 12:11 shares in BHP Billiton were trading 6.93% or R12.93 firmer at R199.51 on the JSE.
- I-Net Bridge