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2021 Financial Restructuring

On 22 October 2020, Petra announced that it had reached agreement in principle on a common set of commercial terms with respect to a long-term solution for the recapitalisation of the Group with each of the ad-hoc group of holders of the US$650 million 7.25% Senior Secured Second Lien Notes and the Company’s South African lender group. This will provide the business with a more stable, deleveraged capital structure to ensure the short and long-term viability of the Company. The terms of the restructuring are set out in the Combined Circular and Prospectus, which can be downloaded below.

On 10 March 2021 the Company announced that the implementation of the recapitalisation of the Group (the Restructuring)  had been completed and that 8,844,657,929 New Ordinary Shares had been admitted to listing on the premium segment of the Official List of the FCA and admitted to trading on the London Stock Exchange’s main market for listed securities.