Gem Diamonds Di Regulatory News (GEMD)

23 Feb 2007 16:45

Gem Diamonds Limited23 February 2007 The information contained herein is restricted and is not for publication,release or distribution, directly or indirectly, in or into the United States,Australia, Canada or Japan or to residents or citizens of Australia, Canada orJapan. The information contained herein does not amount to, nor should it be construedas, an "offer to the public" in relation to South African residents. 23 February 2007 Gem Diamonds Limited ("Gem Diamonds" or the "Company") Announcement of Exercise of Over-Allotment Option Gem Diamonds announces that, in connection with its initial public offering ofordinary shares, (the "Global Offer"), JPMorgan Cazenove Limited, as stabilisingmanager and on behalf of the underwriter of the Global Offer, has today givennotice to exercise in full the over-allotment option in respect of 4.1m newordinary shares at the offer price of 950 pence per ordinary share, raisingadditional gross proceeds for the Company of approximately £39 million. Including the exercise of the over-allotment option, the Company now has inissue 61,965,209 ordinary shares. ENQUIRIES Gem Diamonds LimitedGraham Wheelock Tel: +44 7799 831912Kevin Burford Tel: +27 83 308 5062Angela Parr Tel: +27 83 578 3885 JPMorgan Cazenove Tel: +44 207 588 2828Ian HannamNeil Passmore Merlin Tel: +44 207 653 6620David SimonsonBridget Fury This announcement has been prepared and issued by Gem Diamonds Limited and isthe sole responsibility of Gem Diamonds Limited. This announcement may not be distributed, directly or indirectly, in or into theUnited States, Canada, Australia or Japan. This announcement does not constituteor form part of an offer to sell or issue, or any solicitation of an offer tobuy or subscribe for, any securities referred to herein in the United States orin any other jurisdiction. The Offer and the distribution of this announcementand other information in connection with the Offer in certain jurisdictions maybe restricted by law and persons into whose possession any document or otherinformation referred to herein comes should inform themselves about and observeany such restriction. Any failure to comply with these restrictions mayconstitute a violation of the securities laws of any such jurisdiction. This announcement does not amount to, nor should it be construed as, an "offerto the public" in relation to South African residents. The securities mentioned herein have not been, and will not be, registered underthe U.S. Securities Act of 1933 as amended (the "Securities Act"), and may notbe offered or sold in the United States (as such term is defined in Regulation Sunder the Securities Act) unless they are registered under the Securities Act orpursuant to an exemption from the registration requirements of the SecuritiesAct. No public offer of the Shares is being made in the United Statesorelsewhere. JPMorgan Cazenove is acting exclusively for Gem Diamonds Limited and no one elsein relation to the Global Offer and will not be responsible to any other personfor providing the protections afforded to their respective clients or forproviding advice in relation to the Global Offer. This information is provided by RNS The company news service from the London Stock Exchange