Gem Diamonds Limited — Director's Dealing 2020

Jun 25, 2020

National Storage Mechanism | Additional information

RNS Number : 0638R

Gem Diamonds Limited

25 June 2020

25 June 2020

GEM DIAMONDS LIMITED 

("Gem Diamonds" or the "Company") 

Notification of transaction by a PDMR

The Company announces that Michael Michael, Chief Financial Officer of the Company, has exercised options of 147,773 shares of US$ 0.01 each. The Nil Cost options were issued pursuant to the Gem Diamond Long Term Incentive Plan 2007. Mr Michael sold 30,000 shares to cover all tax liabilities that arose from this exercise :-

Name of Director/PDMR	Number of ordinary shares held prior to exercise of options	Number of ordinary shares held after exercise of options	% of total ordinary shares in issue after purchase
Michael Michael	10,000	127,773	0.092%

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

1.

Details of PDMR

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 ("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	147,773

e)

Aggregated information

Aggregated volume

Price

N/A

N/A

f)

Date of the transaction

2020-06-24

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

[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

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