Gemfields PLC Grant of Share Options (9213O)
November 10 2016 - 11:45AM
UK Regulatory
TIDMGEM
RNS Number : 9213O
Gemfields PLC
10 November 2016
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 Total options Number Shares
of Options held following of held as
granted the grant Ordinary a % of
Shares Current
held 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
+44 (0)20 7659
JJ Williams, Company Secretary 4965
Grant Thornton UK LLP
Nominated Adviser
Philip Secrett/Richard +44 (0)20 7383
Tonthat/Jamie Barklem 5100
J.P. Morgan Cazenove
Joint Broker
Jamie Riddell / James +44 (0)20 7742
Deal 4000
BMO Capital Markets Limited
Joint Broker
Jeff Couch/Neil Haycock/Tom +44 (0)20 7236
Rider/Jenny Wyllie 1010
Macquarie Capital (Europe)
Limited
Joint Broker
Raj Khatri/Nick Stamp/Guy +44 (0)20 3037
de Freitas 2000
Tavistock
Jos Simson/Emily Fenton/Barnaby +44 (0)20 7920
Hayward 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
--- ----------------------------------------------------------------------------------
a) Name Ian Harebottle
--- ------------------------------------------- -------------------------------------
2 Reason for the notification
--- ----------------------------------------------------------------------------------
a) Position/status CEO
--- ------------------------------------------- -------------------------------------
b) Initial notification Initial
/Amendment
--- ------------------------------------------- -------------------------------------
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 600,000 options over ordinary
the financial shares of 1 pence each in the
instrument, type capital of the Company
of instrument
---
Identification GB00B0HX1083
code
b) Nature of the Award of Options
transaction
--- ------------------------------------------- -------------------------------------
c) Price(s) and volume(s) N/A
--- ------------------------------------------- -------------------------------
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 Initial
/Amendment
--- ------------------------------------------- ----------------------------------------
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 320,000 options over ordinary
the financial shares of 1 pence each in the
instrument, type capital of the Company
of instrument
---
Identification GB00B0HX1083
code
b) Nature of the Award of Options
transaction
--- ------------------------------------------- ----------------------------------------
c) Price(s) and volume(s) N/A
--- ------------------------------------------- ----------------------------------
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
--- ------------------------------------------- ----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHDBLFFQFFZFBZ
(END) Dow Jones Newswires
November 10, 2016 12:45 ET (17:45 GMT)
Gemfields (LSE:GEM)
Historical Stock Chart
From Apr 2024 to May 2024
Gemfields (LSE:GEM)
Historical Stock Chart
From May 2023 to May 2024