Petra Diamonds’ share price plunges as investor dumps 43m shares

Investor Awal Bank dumped 43m shares at 190p per share
Petra Diamonds’ share price plunged over 10 per cent in early trading yesterday, after major investor Awal Bank dumped 43m shares on the market at 190p per share – a 12 per cent discount to the price at Monday’s close.

The placing leaves Awal Bank with 13.2m shares, which are subject to a 90-day lock-up. Petra’s shares closed 7.8 per cent lower at 200p.

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