Gem Diamonds Limited

Transaction in Own Shares • Jul 3, 2023

National Storage Mechanism | Additional information

RNS Number : 6136E

Gem Diamonds Limited

03 July 2023

3 July 2023

GEM DIAMONDS LIMITED

("Gem Diamonds" or "the Company")

Notifications of transaction by PDMR

The Company announces that on 29 June 2023 Michael Lynch-Bell, the Senior Non-Executive Director of the Company and a person discharging managerial responsibilities ('PDMR'), on the same day purchased 15,000 Ordinary Shares of US$ 0.01 each (the "Ordinary Shares") in the Company at a price of £0.1921 pence per share.  

The following disclosure is made in accordance with Article 19(3) of the UK Market Abuse Regulation.

1.

Details of PDMR / person closely associated (PCA)

a)

Name

Michael Lynch-Bell

2.

Reason for the notification

a)

Position / status

Senior Non-Executive Director

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

VGG379591065

b)

Nature of the transaction

On-market purchase

c)

Currency

GBP - British Pound

d)

Price(s) and volume(s)

Price(s)	Volume(s)
£0.1921	15,000

e)

Aggregated information

Aggregated volume

Price

15,000

£0.1921

f)

Date of the transaction

2023-06-29

g)

Place of the transaction

London Stock Exchange

For further information:

Gem Diamonds Limited

Susan Wallace, Company Secretarial department

Tel: +44 (0) 203 043 0280

[email protected]

Celicourt Communications

Mark Antelme/Felicity Winkles

Tel: +44 (0) 207 770 6424

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

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