Notifications of transactions by PDMRs

RNS Number : 2511P

Gem Diamonds Limited

24 May 2018

 

 24 May 2018

GEM DIAMONDS LIMITED 

("Gem Diamonds" or the "Company") 

Notifications of transactions by PDMRs

Awards of Performance Shares (in the form of options over ordinary shares with a nominal value exercise price of US$0.01 per share) were made on 20 March 2018 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	230,000
Michael Michael	170,000

The following disclosure is made in accordance with Article 19(3) of the EU 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 230,000
e)	Aggregated information Aggregated volume Price	230,000 Nil
f)	Date of the transaction	2018-03-20
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 170,000
e)	Aggregated information Aggregated volume Price	170,000 Nil
f)	Date of the transaction	2018-03-20
g)	Place of the transaction	Outside a trading venue

For further information:

Gem Diamonds Limited
Susan Wallace, Company Secretarial department

Tel: [phone]

[e-mail]

Celicourt Communications

Mark Antelme/Jimmy Lea

Tel: [phone]

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 and 100% of the Ghaghoo mine in Botswana. 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. 

 

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