REG - Gem Diamonds Limited - Notifications of transactions by PDMRs

Gem DiamondsAnnouncement

21/04/2023 09:15

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RNS Number : 0518X  Gem Diamonds Limited  21 April 2023

21 April 2023

GEM DIAMONDS LIMITED

("Gem Diamonds" or the "Company")

Notifications of transactions by PDMRs

Options over ordinary shares with a nominal value exercise price of US$0.01
per share have been granted on 21 April 2023 to Directors/PDMRs of the Company
under the Company's Employee Share Option Plan 2017, as detailed below.

 Name of Director / PDMR  Number of Performance Shares awarded
 Clifford Elphick         363,544
 Michael Michael          250,863

 

Options have been granted in accordance with the Company's approved 2021
remuneration policy, which introduced the Gem Diamonds Incentive Plan
("GDIP"), integrating annual bonus awards under the Short-term incentive bonus
plan with awards under the Employee Share Option Plan 2017.

The following disclosure is made in accordance with Article 19(3) of the UK
Market Abuse Regulation.

 

 1.  Details of PDMR / person closely associated (PCA)
 a)  Name                                     Clifford Elphick
 2.  Reason for the notification
 a)  Position / status                        Chief Executive Officer
 b)  Initial notification / amendment         Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Full name of the entity                  Gem Diamonds Limited
 b)  LEI                                      213800RC2PGGMZQG8L67
 4.  Details of the transaction(s)
 a)  Description of the financial instrument  Gem Diamonds Limited Ordinary Shares of USD 0.01 each ("Shares")

     Identification Code                       VGG379591065
 b)  Nature of the transaction                Award of options over Shares with an exercise price of USD 0.01 per Share
                                              under the terms of the Gem Diamonds Limited Employee Share Option Plan 2017,
                                              for nil-consideration.
 c)  Currency                                 GBP - British Pound

 d)  Price(s) and volume(s)                   Price(s)  Volume(s)
                                              Nil       363,544
 e)  Aggregated information

     Aggregated volume                        363,544

     Price                                    Nil
 f)  Date of the transaction                  2023-04-21
 g)  Place of the transaction                 Outside a trading venue

e)

Aggregated information

 

Aggregated volume

 

Price

 

 

363,544

 

Nil

f)

Date of the transaction

2023-04-21

g)

Place of the transaction

Outside a trading venue

 

 1.  Details of PDMR / person closely associated (PCA)
 a)  Name                                     Michael Michael
 2.  Reason for the notification
 a)  Position / status                        Chief Financial Officer
 b)  Initial notification / amendment         Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Full name of the entity                  Gem Diamonds Limited
 b)  LEI                                      213800RC2PGGMZQG8L67
 4.  Details of the transaction(s)
 a)  Description of the financial instrument  Gem Diamonds Limited Ordinary Shares of USD 0.01 each

     Identification Code

                                              VGG379591065
 b)  Nature of the transaction                Award of options over Shares with an exercise price of USD 0.01 per Share
                                              under the terms of the Gem Diamonds Limited Employee Share Option Plan 2017,
                                              for nil consideration.
 c)  Currency                                 GBP - British Pound
 d)  Price(s) and volume(s)                   Price(s)  Volume(s)
                                              Nil       250,863
 e)  Aggregated information

     Aggregated volume                         250,863

     Price                                    Nil
 f)  Date of the transaction                  2023-04-21
 g)  Place of the transaction                 Outside a trading venue

e)

Aggregated information

Aggregated volume

 

Price

 

 250,863

 

Nil

f)

Date of the transaction

2023-04-21

g)

Place of the transaction

Outside a trading venue

 

For further information:

Gem Diamonds

Susan Wallace, Company Secretarial department

ir@gemdiamonds.com

 

 

Celicourt Communications

Mark Antelme / Felicity Winkles

Tel: +44 (0) 208 434 2643

 

About Gem Diamonds:

Gem Diamonds is a leading global diamond producer of large high value
diamonds. The Company owns 70% of the Letšeng mine in Lesotho and is
currently in the process of selling its 100% share of the Ghaghoo mine in
Botswana. 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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