Notification of transactions by a PDMR

RNS Number : 2447O

Gem Diamonds Limited

28 May 2020

 

28 May 2020

GEM DIAMONDS LIMITED 

("Gem Diamonds" or the "Company") 

Notification of transactions by a PDMR

The Company announces that Johnny Velloza, a Non-Executive Director of the Company,  had exercised options over 45,450 shares of US$ 0.01 each. The Nil Cost options were issued pursuant to the Gem Diamond Long Term Incentive Plans 2007 and 2017:-

Name of Director/PDMR	Number of ordinary shares held prior to purchase	Number of ordinary shares purchased	% of total ordinary shares in issue after purchase
Johnny Velloza	0	45,450	0.033

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

1.	Details of PDMR
a)	Name	Johnny Velloza
2.	Reason for the notification
a)	Position / status	Non-Executive Director
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	Exercise of Nil Cost share options
c)	Currency	GBP - British Pound
d)	Price(s) and volume(s)	Price(s) Volume(s) 0.00 45,450
e)	Aggregated information Aggregated volume Price	N/A N/A
f)	Date of the transaction	2020-05-28
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/Ollie Mills

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 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, 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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