Petra Diamonds’ shareholders approve restructuring

London-listed Petra Diamonds’ shareholders have voted in favour of a resolution to restructure the business and provide it with a more stable, deleveraged capital structure that will ensure the short- and long-term viability of the company. At a special general meeting held on January 13, 95.13% of shareholders voted in favour of the resolution, which includes the reduction of the authorised share capital of the company by reducing the nominal value of all ordinary shares from 10p to 0.001p.