Last checked at 10 Nov 2016 17:45
Gemfields plc
("Gemfields" or the "Company")
Grant of Share Options
10 November 2016
Gemfields (AIM: GEM) announces that it has granted to certain directors and employees a total of 6,715,000 options over ordinary shares of 1 pence each in the Company (the "Options"). These Options were granted under the Share Option Scheme 2010 approved at the AGM on 21 December 2010 (the "Scheme").
The awarding of the Options was approved by the Board on 8 November 2016 and carry a grant date of 8 November 2016 with the exercise price being the volume-weighted average traded price per ordinary share in the capital of the Company during the 30 days ending on 7 November 2016. As such, the Options have an exercise price of 49.49 pence per share, calculated over the 30 days ending on 7 November 2016.
The Directors who have been awarded Options are as follows:
Director | Position | Number of Options granted | Total options held following the grant | Number of Ordinary Shares held | Shares held as a % of Current Issued Share Capital |
Ian Timothy Harebottle | CEO | 600,000 | 5,950,000 | 200,000 | 0.04% |
Janet Boyce | CFO | 320,000 | 1,195,000 | Nil | Nil |
The 920,000 Options granted to the Directors represent approximately 0.17% of the current issued share capital of the Company. The remaining 5,795,000 Options awarded to employees also carry an exercise price of 49.49 pence per share and a grant date of 8 November 2016.
Following the grant of the Options, the total number of ordinary shares covered by option arrangements is 41,060,000 ordinary shares representing 7.48% of the Company's issued share capital (and of which the number of options held by directors of the Company is 9,345,000 ordinary shares representing 1.70% of the Company's issued share capital).
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 a leading supplier of responsibly sourced coloured gemstones and is quoted on the AIM market of the London Stock Exchange (ticker: GEM).
Gemfields is the operator and 75 per cent. owner of both the Kagem emerald mine in Zambia (believed to be the world's single largest producing emerald mine) and the Montepuez ruby deposit in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also holds a 50 per cent. interest in the Kariba amethyst mine in Zambia, as well as controlling interests in various other gemstone mining and prospecting licenses in Zambia, Mozambique, Colombia, Ethiopia, Madagascar and Sri Lanka.
Gemfields' outright ownership of the Fabergé brand - an iconic and prestigious brand of exceptional heritage - enables Gemfields to optimise positioning, perception and consumer awareness of coloured gemstones, advancing the 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
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a) | Name | Ian Harebottle | |||
2
| Reason for the notification
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a)
| Position/status
| CEO | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Gemfields plc | |||
b)
| LEI
| N/A | |||
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 | 600,000 options over ordinary shares of 1 pence each in the capital of the Company | |||
Identification code | GB00B0HX1083 | ||||
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b)
| Nature of the transaction
| Award of Options | |||
c) | Price(s) and volume(s) | N/A |
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d)
| Aggregated information | 600,000 options over ordinary shares of 1 pence each in the capital of the Company | |||
e)
| Date of the transaction
| 8 November 2016 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM Market | |||
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
| Janet Boyce | |||
2
| Reason for the notification
| ||||
a) | Position/status | CFO | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Gemfields plc | |||
b)
| LEI | N/A | |||
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 | 320,000 options over ordinary shares of 1 pence each in the capital of the Company | |||
Identification code | GB00B0HX1083 | ||||
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b)
| Nature of the transaction
| Award of Options | |||
c) | Price(s) and volume(s) | N/A |
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d)
| Aggregated information | 320,000 options over ordinary shares of 1 pence each in the capital of the Company | |||
e)
| Date of the transaction
| 8 November 2016 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM Market | |||