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Gem Diamonds Limited Director's Dealing 2022
10487_pos_2022-04-06_a3e4d03d-0289-435f-b5b6-98c646e7cbd5.html
Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 3530H
Gem Diamonds Limited
06 April 2022
06 April 2022
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 4 April 2022 to Directors/PDMRs of the Company under the Company's Employee Share Option Plan 2017, as detailed below.
| Name of Director / PDMR | Number of Share Options awarded |
| Clifford Elphick | 297,217 |
| Michael Michael | 201,141 |
Options have been granted in accordance with the Company's approved 2021 remuneration policy, which introduced the Gem Diamonds Incentive Plan ("GDIP"), integrating 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 | 297,217 |
e)
Aggregated information
Aggregated volume
Price
297,217
Nil
f)
Date of the transaction
2022-04-04
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 | 201,141 |
e)
Aggregated information
Aggregated volume
Price
201,141
Nil
f)
Date of the transaction
2022-04-04
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/ Felicity Winkles
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. 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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