Last checked at 21 Sep 2020 07:00
21 September 2020
GEM DIAMONDS LIMITED
("Gem Diamonds" or the "Company")
Notification of transactions by a PDMR
The Company announces that on 18 September 2020, Michael Michael, Chief Financial Officer of the Company, exercised options of 44,076 shares of US$ 0.01 each. Mr Michael has retained all the shares. The Nil Cost options were issued pursuant to the Gem Diamonds Employee Share Option Plan 2017.
Name of Director/PDMR | Number of ordinary shares held prior to exercise of options | Number of ordinary shares held after exercise of options | % of total ordinary shares in issue after purchase |
Michael Michael | 127,773 | 171,849 | 0.12% |
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The following disclosure is made in accordance with Article 19(3) of the EU Market Abuse Regulation.
1. | Details of PDMR | |||||||
a) | Name | Michael Michael | ||||||
2. | Reason for the notification | |||||||
a) | Position / status | Chief Financial Officer | ||||||
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) |
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e) | Aggregated information
Aggregated volume
Price |
N/A
N/A
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f) | Date of the transaction | 2020-09-18 | ||||||
g) | Place of the transaction | Outside a Trading venue | ||||||
For further information:
Gem Diamonds LimitedSusan Wallace, Company Secretarial department
Tel: +44 (0) 203 043 0280
ir@gemdiamonds.com
Celicourt Communications
Mark Antelme/Ollie Mills
Tel: +44 (0) 208 434 2643
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