Last checked at 12 Jul 2017 17:48
Gemfields plc
("Gemfields" or the "Company")
Director's Dealings
12 July 2017
Gemfields (AIM: GEM) announces that on 11 July 2017, the Company received notification from Ian Harebottle, a director of the Company (and Chief Executive Officer), of a dealing relating to the exercise of options under the Company's Share Option Scheme and the sale of a portion of shares following the exercise of options.
The exercise of the above options has been satisfied by the Company's block listing arrangements.
Details of the share dealing are as follows:
Director | Date of exercise of options and sale of shares | Number of ordinary shares of 1 pence each in the Company issued under exercise | Number of ordinary shares of 1 pence each in the Company sold | Average sale price | Number of Ordinary Shares held following exercise and subsequent sale including shares held in own name | Shares held as a % of Current Issued Share Capital |
Ian Harebottle | 10 July 2017 | 3,800,000 | 2,902,763 | 30.875 pence per share | 1,097,237 | 0.20% |
ENQUIRIES:
Gemfields | jj.williams@gemfields.co.uk |
JJ Williams, Company Secretary | +44 (0)20 7659 4965 |
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Grant Thornton UK LLP |
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Nominated Adviser |
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Philip Secrett/Richard Tonthat/Jamie Barklem | +44 (0)20 7383 5100 |
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J.P. Morgan Cazenove |
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Joint Broker |
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Jamie Riddell / James Deal | +44 (0)20 7742 4000 |
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BMO Capital Markets Limited |
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Joint Broker |
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Jeff Couch/Neil Haycock/Tom Rider/Jenny Wyllie | +44 (0)20 7236 1010
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Macquarie Capital (Europe) Limited Joint Broker Raj Khatri/Nick Stamp/Guy de Freitas
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+44 (0)20 3037 2000 |
Tavistock |
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Jos Simson/Emily Fenton/Barnaby Hayward | +44 (0)20 7920 3150 |
Notes to Editors:
Gemfields plc is the world's leading supplier of responsibly sourced coloured gemstones and is quoted on the AIM division of the London Stock Exchange (ticker: GEM).
Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world's single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition Gemfields also holds a 50% interest in the Kariba amethyst mine in Zambia, as well as controlling interests in various other gemstone mining and prospecting licenses in Zambia, Mozambique, Ethiopia, Madagascar and Sri Lanka.
Gemfields' outright ownership of Fabergé - an iconic and prestigious brand of exceptional heritage - enables Gemfields to optimise positioning, perception and consumer awareness of coloured gemstones, advancing the wider group's "mine and market" vision.
Gemfields has developed a proprietary grading system and a pioneering auction and trading platform to provide a consistent supply of quality coloured gemstones to the global downstream markets. This is a key component of the Company's business model which the Directors believe has played an important role in the appropriate distribution and associated resurgence of the global coloured gemstone sector.
www.gemfields.co.uk
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a) | Name | Ian Harebottle | |||
2
| Reason for the notification
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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)
| Name
| Gemfields plc | |||
b)
| LEI
| 2138004HLLIYVCFNZO62 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of 1 pence each | |||
Identification code | GB00B0HX1083 | ||||
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b)
| Nature of the transaction
| (1) Exercise of 1,950,000 Options over Ordinary Shares (2) Exercise of 600,000 Options over Ordinary Shares (3) Exercise of 1,250,000 Options over Ordinary Shares (4) Sale of Ordinary Shares | |||
c) | Price(s) and volume(s) |
| Price (s) | Volumes (s) |
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| (1) 8 (2) 19.95 (3) 29.28 (4) 30.875 | (5) 1,950,000 (6) 600,000 (7) 1,250,000 (8) 2,902,763 |
| ||
d)
| Aggregated information | ||||
e)
| Date of the transaction
| 10 July 2017 | |||
f)
| Place of the transaction
| (1) - (3) Outside of trading venue (4) London Stock Exchange | |||