Gem Diamonds Limited Block listing application (8092A)
March 28 2017 - 11:39AM
UK Regulatory
TIDMGEMD
RNS Number : 8092A
Gem Diamonds Limited
28 March 2017
28 March 2017
GEM DIAMONDS LIMITED
("Gem Diamonds" or "the Company")
Block listing application
Gem Diamonds, (LSE: GEMD) announces that it has made
applications to The Financial Conduct Authority and The London
Stock Exchange for a block listing of 400,000 ordinary shares of
$0.01 each in the Company. These shares when issued pursuant to the
Company's obligations under the Gem Diamonds Long Term Incentive
Plan 2007 shall rank equally with the existing issued shares of the
Company and will be admitted to the Official List and to trading on
the main market of The London Stock Exchange. It is expected that
admission will become effective on or around 3 April 2017.
The application for the block listing is being made to satisfy
options granted under the Gem Diamonds Long Term Incentive Plan
2007.
The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67.
For further information:
Gem Diamonds Limited
Glenn Turner
Company Secretary
Tel: +44 (0) 203 043 0280
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 20 largest white gem
quality diamonds ever recorded. The Ghaghoo mine in Botswana has
been placed on care and maintenance until market conditions allow
for recommencement of production. www.gemdiamonds.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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