Petra’s lender group’s distribution covenants were not met for the measurement period to 30 June 2016 and Petra did not declared a dividend for FY 2016.

Petra is highly committed to returns to shareholders and the resumption of dividend payments remains a priority for the Board. Should the current positive production and trading conditions continue, Petra will revisit this with its lender group post H1 FY 2017, with the intention to resume dividends as soon as possible.