Gem Diamonds Limited Directorate Change (9049I)
March 31 2015 - 2:02AM
UK Regulatory
TIDMGEMD
RNS Number : 9049I
Gem Diamonds Limited
31 March 2015
31 March 2015
GEM DIAMONDS LIMITED
("Gem Diamonds" or "the Company")
Directorate Change
Gem Diamonds Limited (LSE: GEMD) today announces that two of its
non Executive Directors have decided to retire from the Board with
effect from the close of the 2015 Annual General Meeting ("AGM").
Dave Elzas, whose nine year term has ended, and Richard Williams,
who has taken up a full time executive role in Toronto, will not be
standing for re-election at the AGM on 2 June 2015.
Dave Elzas joined the Board in October 2005, chairing the Audit
Committee during this time. Dave has been with the Company since
its listing, serving nine years on the Board and therefore will not
be standing for re-election at the AGM.
Richard Williams joined the Board in February 2008 and was
chairman of the Remuneration Committee since June 2009. Richard has
recently taken up a senior full time position at Barrick Gold in
Toronto and therefore will not be standing for re-election at the
AGM.
On behalf of the Board, the Chairman would like to offer his
appreciation to both Directors for their valuable contributions to
the Board and wishes them well in their future endeavours. The
Board is in advanced discussions with a suitably qualified non
Executive candidate to join the Board and an announcement in this
regard will be made at the appropriate time.
For further information:
Gem Diamonds Limited
Sherryn Tedder, Assistant Company Secretary
Tel: +44 (0) 203 043 0280
This information is provided by RNS
The company news service from the London Stock Exchange
END
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