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UK's Petra Diamond slides after UK tax authority's wind-up petition against unit

By Reuters News10:37 (UTC), 2 October 2026 Updated

** Shares of diamond miner Petra Diamonds PDL.L down 15.6% at 4.5p

** UK tax authority HM Revenue & Customs (HMRC) has filed a winding-up petition against co's non-operating UK unit, PDUK Treasury, over £5.65 mln ($7.46 mln) corporation tax bill

** Co says petition relates solely to unit and does not directly affect group's mining operations

** Says it is evaluating the potential consequences for its financing arrangements and ongoing refinancing talks

** YTD, stock down 72.4% including session losses

($1 = 0.7573 pounds)

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