Gem Diamonds Limited

Transaction in Own Shares • Apr 10, 2025

National Storage Mechanism | Additional information

RNS Number : 3654E

Gem Diamonds Limited

10 April 2025

10 April 2025

GEM DIAMONDS LIMITED 

("Gem Diamonds" or the "Company") 

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 Elphick	989,986
Michael Michael	698,856

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.

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

Identification Code

Gem Diamonds Limited Ordinary Shares of USD 0.01 each ("Shares")

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)

Price(s)	Volume(s)
Nil	989,986

e)

Aggregated information

Aggregated volume

Price

989,986

Nil

f)

Date of the transaction

2025-04-10

g)

Place of the transaction

Outside a trading venue

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

Identification Code

Gem Diamonds Limited Ordinary Shares of USD 0.01 each

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)

Price(s)	Volume(s)
Nil	698,856

e)

Aggregated information

Aggregated volume

Price

698,856

Nil

f)

Date of the transaction

2025-04-10

g)

Place of the transaction

Outside a trading venue

For further information:

Gem Diamonds

Kiki Constantopoulos, Company Secretary

[email protected]

Celicourt Communications

Mark Antelme / Felicity Winkles

Tel:  +44 (0) 207 777 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. 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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