Last checked at 21 Apr 2015 07:00
21 April 2015
GEM DIAMONDS LIMITED
("Gem Diamonds" or "the Company")
Notice of 2015 Annual General Meeting
Gem Diamonds LTD (LSE:GEMD) announces the publication of its Notice of the 2015 Annual General Meeting (the "AGM Notice") and Form of Proxy for the 2015 Annual General Meeting.
Annual General Meeting
The company's 2015 Annual General Meeting will be held at the Grosvenor Hotel, 101 Buckingham Palace Road, London SW1W 0SJ on Tuesday, 2 June 2015 at 9:30 am
A hard copy version of the AGM Notice and the Form of Proxy has been sent to shareholders by post and will be available to view on the Company's website www.gemdiamonds.com
Gem Diamonds will submit to the UK National Storage Mechanism a copy of its AGM Notice in accordance with LR 9.6.1R. The documents will shortly be available for inspection through the National Storage Mechanism at www.hemscott.com/nsm.do
For further information:
Gem Diamonds Limited
Sherryn Tedder, Assistant Company Secretary and Investor Relations Manager
Tel: +44 (0) 203 0430 2080
Mob: +44 (0) 7778 246 321
Bell Pottinger
Daniel Thöle / Joanna Boon
Tel: +44 (0) 203 772 2500
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. Since Gem Diamonds' acquisition of Letšeng in 2006, the mine has produced four of the twenty largest white gem quality diamonds ever recorded.
Gem Diamonds has a growth strategy based on the expansion of the Letšeng mine and bringing the Ghaghoo mine into production, while maintaining its strong balance sheet. The Company seeks to maximise revenue and margin from its rough diamond production by pursuing cutting, polishing and sales and marketing initiatives further along the diamond value chain. With favourable supply/demand dynamics expected to benefit the industry over the medium to long term, particularly at the high end of the market supplied by Gem Diamonds, this strategy positions the Company well to generate attractive returns for shareholders in the coming years.
www.gemdiamonds.com