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RNS Number : 8426K Gem Diamonds Limited 17 April 2024
17 April 2024
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 17 April 2024 to Directors/PDMRs of the Company
under the Company's Employee Share Option Plan 2017 as set out in the 2023
Directors Remuneration Report and detailed below.
Name of Director / PDMR Number of Performance Shares awarded
Clifford Elphick 783,534
Michael Michael 539,853
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 783,534
e) Aggregated information
Aggregated volume 783,534
Price Nil
f) Date of the transaction 2024-04-17
g) Place of the transaction Outside a trading venue
e)
Aggregated information
Aggregated volume
Price
783,534
Nil
f)
Date of the transaction
2024-04-17
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 539,853
e) Aggregated information
Aggregated volume 539,853
Price Nil
f) Date of the transaction 2024-04-17
g) Place of the transaction Outside a trading venue
e)
Aggregated information
Aggregated volume
Price
539,853
Nil
f)
Date of the transaction
2024-04-17
g)
Place of the transaction
Outside a trading venue
For further information:
Gem Diamonds
Gem Diamonds Limited
Kiki Constantopoulos, Company Secretary
Tel: +44 (0) 203 043 0280
ir@gemdiamonds.com
Celicourt Communications
Mark Antelme / Felicity Winkles
Tel: +44 (0) 207 777 6424
About Gem Diamonds:
Gem Diamonds is a leading global diamond 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, top colour, 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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