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Last checked at 
10 Apr 2025 07:00
10 April 2025
GEM DIAMONDS LIMITEDΒ
("Gem Diamonds" or the "Company")Β
Notifications of transactions by PDMRs
Options over ordinary shares with a nominal value exercise price of US$0.01 per share have been granted on 10 April 2025 to Directors/PDMRs of the Company under the Company's Employee Share Option Plan 2017, as detailed below.
Name of Director / PDMR | Number of Performance Shares awarded |
Clifford ElphickΒ | 989,986 |
Michael Michael | 698,856 |
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Options have been granted in accordance with the Company's approved 2024 remuneration policy, as part of the Gem Diamonds Incentive Plan ("GDIP") which integrates annual bonus awards under the Short-term incentive bonus plan with awards under the Employee Share Option Plan 2017.
The following disclosure is made in accordance with Article 19(3) of the UK Market Abuse Regulation.
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1. | Details of PDMR / person closely associated (PCA) | |||||
a) | Name | Clifford Elphick | ||||
2. | Reason for the notification | |||||
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) | Full name of the entity | Gem Diamonds Limited | ||||
b) | LEI | 213800RC2PGGMZQG8L67 | ||||
4. | Details of the transaction(s) | |||||
a) | Description of the financial instrument Β Identification Code | Gem Diamonds Limited Ordinary Shares of USD 0.01 each ("Shares") Β Β VGG379591065 | ||||
b) | Nature of the transaction | Award of options over Shares with an exercise price of USD 0.01 per Share under the terms of the Gem Diamonds Limited Employee Share Option Plan 2017, for nil-consideration. | ||||
c) | Currency | GBP - British Pound Β | ||||
d) | Price(s) and volume(s) |
| ||||
e) | Aggregated information Β Aggregated volume Β Price | Β Β 989,986 Β Nil | ||||
f) | Date of the transaction | 2025-04-10 | ||||
g) | Place of the transaction | Outside a trading venue | ||||
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1. | Details of PDMR / person closely associated (PCA) | |||||
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 Β Identification Code | Gem Diamonds Limited Ordinary Shares of USD 0.01 each Β Β VGG379591065 | ||||
b) | Nature of the transaction | Award of options over Shares with an exercise price of USD 0.01 per Share under the terms of the Gem Diamonds Limited Employee Share Option Plan 2017, for nil consideration. | ||||
c) | Currency | GBP - British Pound | ||||
d) | Price(s) and volume(s) |
| ||||
e) | Aggregated information Aggregated volume Β Price | Β 698,856 Β Nil | ||||
f) | Date of the transaction | 2025-04-10 | ||||
g) | Place of the transaction | Outside a trading venue | ||||
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For further information:
Gem Diamonds
Kiki Constantopoulos, Company Secretary
ir@gemdiamonds.com
Β
Β
CelicourtΒ Communications
Mark Antelme / Felicity Winkles
Tel:Β +44 (0) 207 777 6424
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About Gem Diamonds:
Gem Diamonds is a leading global diamond producer of high value diamonds. The Company owns 70%
of the LetΕ‘eng mine in Lesotho. The LetΕ‘eng 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 Β
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