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Petra Diamonds Ltd - Appointment of Non-Executive Director


Petra Diamonds Ltd - Appointment of Non-Executive Director
PR Newswire
Group )
Appointment of Non-Executive Director
The Company is pleased to announce the prospective appointment of Mr. Matthew Glowasky to the Board as a Non-Executive Director nominee appointed by Monarch Master Funding 2 (Luxembourg) S.à r.l., a holder of Notes that is participating in the Debt for Equity Conversion (
Monarch ). Mr. Glowasky will also be a member of the Investment Committee of the Board, which shall be established with effect from the Restructuring Effective Date to monitor significant capital and other investments. Mr. Glowasky s prospective appointment to the Board is subject to the successful implementation of the Consensual Restructuring and a further announcement confirming the date on which he will formally assume office will be made in due course. ....

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