Notifications of transactions by PDMRs

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

 

Identification Code

Gem Diamonds Limited Ordinary Shares of USD 0.01 each ("Shares")

 

 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

 

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

 

Identification Code

Gem Diamonds Limited Ordinary Shares of USD 0.01 each

 

 

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

 

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

 

 

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