REG - Gem Diamonds Limited - Directorate Change

Gem DiamondsAnnouncement

28/02/2025 07:15

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RNS Number : 7075Y  Gem Diamonds Limited  28 February 2025

28 February 2025

GEM DIAMONDS LIMITED

("Gem Diamonds" or the "Company")

Directorate Change

The Board of Gem Diamonds is pleased to announce the appointment of Janet Blas
as an independent Non-Executive Director.

Current Senior Independent Non-Executive Director, Michael Lynch-Bell will be
retiring from the Board following his 9-year tenure and in line with UK
Corporate Governance principles. Janet will join the Board with effect from 1
April 2025, following Michael's retirement on 31 March 2025. Janet will be
proposed for election as a Non-Executive Director at the Company's Annual
General Meeting on 4 June 2025.

Janet will be appointed as Audit Committee Chair and a member of the
Remuneration Committee.

The Board also announces that it has appointed Rosalind Kainyah, Non-Executive
Director as the Senior Independent Director and Chair of the Remuneration
Committee with effect from 1 April 2025.

Harry Kenyon-Slaney, Chair of Gem Diamonds, said:

"On behalf of the whole Board, I would like to express my sincere thanks to
Michael for the significant contribution, insights and experience he has
brought to his role as a Board Committee member, Chair of the Audit and
Remuneration Committees and Senior Independent Director. Michael has been with
us since 2015 and his financial experience in the resources sector has been
very valuable to the Company.  We wish Michael well in his retirement.

I am delighted to welcome Janet Blas onto the Board.  Janet has a wealth of
finance and resource sector experience, and we look forward to the wisdom and
insight that she will bring to our discussions."

Biographical details - Janet Blas

Janet is an accomplished professional with extensive experience in the
gemstone and mining industries. She holds a Certified Public Accountant
qualification, complemented by a BSc in Accountancy. Janet began her career
with PwC, building a solid technical foundation in financial management and
audit practices. She has established herself as an effective Audit & Risk
Committee Chair, demonstrating a deep understanding of governance practices in
both listed and privately held mining companies.

Currently, Janet holds Non-Executive board roles with Sedibelo Resources and
Cornish Lithium, alongside her executive position as Chief Financial Officer
and Director of Bacanora Lithium. All these companies are privately held. Her
previous tenure as Chief Financial Officer at Gemfields Group has provided her
with a comprehensive understanding of the complexities and strategic demands
of the precious minerals sector. Janet also held a number of senior positions
with ENRC Plc (August 2007 to July 2013), including a key role in ENRC's
initial public offering on the Main Market of the London Stock Exchange when
the company joined the FTSE 100 index. Previously, Janet was part of the Audit
and Assurance Services Team at Ernst & Young LLP in London and PWC in the
Philippines (2002 to 2007).

Janet is recognized for her strong board governance experience, consistently
implementing effective financial oversight structures. Her career has
predominantly focused on the mining industry, where she has developed in-depth
sector expertise across various commodities and established a proven track
record leading teams across multiple jurisdictions. Additionally, she has been
actively involved in integrating ESG principles into operations, emphasizing
ethical mining practices, transparency, and community engagement.

The Company confirms that there is no further information required to be
disclosed pursuant to LR 6.4.8R of the UK Listing Rules of the Financial
Conduct Authority in connection with Janet's appointment.

FOR FURTHER INFORMATION:

Gem Diamonds Limited

Kiki Constantopoulos, Company Secretary

ir@gemdiamonds.com (mailto:ir@gemdiamonds.com)

 

Celicourt Communications

Mark Antelme / Felicity
Winkles

Tel: +44 (0) 207 777 6424

The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67.

ABOUT GEM DIAMONDS:

Gem Diamonds is a leading global producer of high value diamonds. The Company
owns 70% of the Letšeng mine in Lesotho. The Letšeng mine is famous for the
production of large, exceptional white diamonds, making it the highest dollar
per carat kimberlite diamond mine in the world.

 www.gemdiamonds.com (http://www.gemdiamonds.com/)

 

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