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Gem Diamonds Limited — Director's Dealing 2018
May 24, 2018
10487_dirs_2018-05-24_fb8b1614-6543-4dbd-a44f-bae0bdbca983.html
Director's Dealing
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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 / 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 | 230,000 |
e)
Aggregated information
Aggregated volume
Price
230,000
Nil
f)
Date of the transaction
2018-03-20
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 | 170,000 |
e)
Aggregated information
Aggregated volume
Price
170,000
Nil
f)
Date of the transaction
2018-03-20
g)
Place of the transaction
Outside a trading venue
For further information:
Gem Diamonds Limited
Susan Wallace, Company Secretarial department
Tel: +44 (0) 203 043 0280
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 [email protected] or visit www.rns.com.
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