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Gem Diamonds Limited — Director's Dealing 2017
Jul 5, 2017
10487_dirs_2017-07-05_a812cb85-d376-4cca-b089-c3914ed60fbc.html
Director's Dealing
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RNS Number : 2201K
Gem Diamonds Limited
05 July 2017
5 July 2017
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 4 July 2017 to Directors/PDMRs of the Company under the Company's Employee Share Option Plan ("ESOP"), as detailed below.
| Name of Director / PDMR | Number of Performance Shares awarded |
| Clifford Elphick | 230,000 |
| Michael Michael | 170,000 |
| Glenn Turner | 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 / 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, for nil-consideration.
c)
Currency
GBP - British Pound
d)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 230,000 |
e)
Aggregated information
Aggregated volume
Price
230,000
Nil
f)
Date of the transaction
4 July 2017
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, for nil consideration.
c)
Currency
GBP - British Pound
d)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 170,000 |
e)
Aggregated information
Aggregated volume
Price
170,000
Nil
f)
Date of the transaction
4 July 2017
g)
Place of the transaction
Outside a trading venue
1.
Details of PDMR / person closely associated (PCA)
a)
Name
Glenn Turner
2.
Reason for the notification
a)
Position / status
Chief Legal and Commercial Officer and Company Secretary
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, for nil consideration.
c)
Currency
GBP - British Pound
d)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 170,000 |
e)
Aggregated information
Aggregated volume
Price
170,000
Nil
f)
Date of the transaction
4 July 2017
g)
Place of the transaction
Outside a trading venue
The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67.
For further information:
Gem Diamonds Limited
Susan Wallace, Company Secretarial department
Tel: +44 (0) 203 043 0280
Celicourt Communications
Joanna Boon/Mark Antelme
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. 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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