Gem Diamonds Limited — Director's Dealing 2020

May 28, 2020

National Storage Mechanism | Additional information

RNS Number : 2447O

Gem Diamonds Limited

28 May 2020

28 May 2020

GEM DIAMONDS LIMITED 

("Gem Diamonds" or the "Company") 

Notification of transactions by a PDMR

The Company announces that Johnny Velloza, a Non-Executive Director of the Company,  had exercised options over 45,450 shares of US$ 0.01 each. The Nil Cost options were issued pursuant to the Gem Diamond Long Term Incentive Plans 2007 and 2017:-

Name of Director/PDMR	Number of ordinary shares held prior to purchase	Number of ordinary shares purchased	% of total ordinary shares in issue after purchase
Johnny Velloza	0	45,450	0.033

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

1.

Details of PDMR

a)

Name

Johnny Velloza

2.

Reason for the notification

a)

Position / status

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 ("Shares")

VGG379591065

b)

Nature of the transaction

Exercise of Nil Cost share options

c)

Currency

GBP - British Pound

d)

Price(s) and volume(s)

Price(s)	Volume(s)
0.00	45,450

e)

Aggregated information

Aggregated volume

Price

N/A

N/A

f)

Date of the transaction

2020-05-28

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

[email protected]

Celicourt Communications

Mark Antelme/Ollie Mills

Tel: +44 (0) 208 434 2643

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

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.

END

DSHPPUGGAUPUGGR