Gem Diamonds Limited Notifications of transactions by PDMRs (2511P)
May 24 2018 - 10:51AM
UK Regulatory
TIDMGEMD
RNS Number : 2511P
Gem Diamonds Limited
24 May 2018
24 May 2018
GEM DIAMONDS LIMITED
("Gem Diamonds" or the "Company")
Notifications of transactions by PDMRs
Awards of Performance Shares (in the form of options over
ordinary shares with a nominal value exercise price of US$0.01 per
share) were made on 20 March 2018 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 Elphick 230,000
------------------------- ----------------------
Michael Michael 170,000
------------------------- ----------------------
The following disclosure is made in accordance with Article
19(3) of the EU Market Abuse Regulation.
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 Initial notification
/ amendment
--- ----------------------- ------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------------
a) Full name of Gem Diamonds Limited
the entity
--- ----------------------- ------------------------------------
b) LEI 213800RC2PGGMZQG8L67
--- ----------------------- ------------------------------------
4. Details of the transaction(s)
--- -------------------------------------------------------------
a) Description Gem Diamonds Limited Ordinary
of the financial Shares of USD 0.01 each ("Shares")
instrument VGG379591065
Identification
Code
--- ----------------------- ------------------------------------
b) Nature of the Award of options over Shares
transaction 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 Price(s) Volume(s)
volume(s) ---------- ----------
Nil 230,000
---------- ----------
--- ----------------------- ------------------------------------
e) Aggregated information 230,000
Aggregated volume Nil
Price
--- ----------------------- ------------------------------------
f) Date of the 2018-03-20
transaction
--- ----------------------- ------------------------------------
g) Place of the Outside a trading venue
transaction
--- ----------------------- ------------------------------------
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 Initial notification
/ amendment
--- ----------------------- ----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------
a) Full name of Gem Diamonds Limited
the entity
--- ----------------------- ----------------------------------
b) LEI 213800RC2PGGMZQG8L67
--- ----------------------- ----------------------------------
4. Details of the transaction(s)
--- -----------------------------------------------------------
a) Description Gem Diamonds Limited Ordinary
of the financial Shares of USD 0.01 each
instrument VGG379591065
Identification
Code
--- ----------------------- ----------------------------------
b) Nature of the Award of options over Shares
transaction 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 Price(s) Volume(s)
volume(s) ---------- ----------
Nil 170,000
---------- ----------
--- ----------------------- ----------------------------------
e) Aggregated information 170,000
Aggregated volume Nil
Price
--- ----------------------- ----------------------------------
f) Date of the 2018-03-20
transaction
--- ----------------------- ----------------------------------
g) Place of the Outside a trading venue
transaction
--- ----------------------- ----------------------------------
For further information:
Gem Diamonds Limited
Susan Wallace, Company Secretarial department
Tel: +44 (0) 203 043 0280
ir@gemdiamonds.com
Celicourt Communications
Mark Antelme/Jimmy Lea
Tel: +44 (0) 207 520 9261
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. www.gemdiamonds.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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