REG - Gem Diamonds Limited - Notifications of transactions by PDMRs

Gem DiamondsAnnouncement

10/04/2025 07:00

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RNS Number : 3654E  Gem Diamonds Limited  10 April 2025

10 April 2025

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 10 April 2025 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         989,986
 Michael Michael          698,856

 

Options have been granted in accordance with the Company's approved 2024
remuneration policy, as part of the Gem Diamonds Incentive Plan ("GDIP") which
integrates 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       989,986
 e)  Aggregated information

     Aggregated volume                        989,986

     Price                                    Nil
 f)  Date of the transaction                  2025-04-10
 g)  Place of the transaction                 Outside a trading venue

e)

Aggregated information

 

Aggregated volume

 

Price

 

 

989,986

 

Nil

f)

Date of the transaction

2025-04-10

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       698,856
 e)  Aggregated information

     Aggregated volume                        698,856

     Price                                    Nil
 f)  Date of the transaction                  2025-04-10
 g)  Place of the transaction                 Outside a trading venue

e)

Aggregated information

Aggregated volume

 

Price

 

698,856

 

Nil

f)

Date of the transaction

2025-04-10

g)

Place of the transaction

Outside a trading venue

 

For further information:

Gem Diamonds

Kiki Constantopoulos, Company Secretary

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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