Gem Diamonds Limited Dividend Declaration (1769S)
March 15 2016 - 9:58AM
UK Regulatory
TIDMGEMD
RNS Number : 1769S
Gem Diamonds Limited
15 March 2016
15 March 2016
Gem Diamonds Limited
DIVIDENDS
The Directors have declared the following dividends of:-
- Ordinary dividend of 5 US cents per share recommended; and
- Special dividend of 3.5 US cents per share also
recommended
It is proposed by the Directors that, subject to approval by the
shareholders at the 2016 AGM, these dividends will be paid on 14
June 2016 to shareholders who are on the register of members on the
record date of 13 May 2016 (ex-div date 12 May 2016).
For further information:
Gem Diamonds Limited
Juliet Kirk, Investor Relations
Tel: +44 (0) 20 3043 0280
Bell Pottinger
Daniel Thole / Anna Legge
Tel: +44 (0) 20 3772 2500
ABOUT GEM DIAMONDS:
Gem Diamonds is a leading global diamond producer of world
class, high-value diamonds.The Letšeng mine is renowned for the
production of large, top colour, exceptional white diamonds, making
it the highest average dollar per carat kimberlite diamond mine in
the world. Since Gem Diamonds acquired the Letšeng mine in 2006, it
has produced four of the 20 largest white gem quality diamonds ever
recorded.
Gem Diamonds has a growth strategy based on enhancing the
operational efficiencies of Letšeng and developing the Ghaghoo
mine, whilst maintaining its strong balance sheet. The Company
seeks to maximise revenue and create additional margin from its
rough diamond production through the Group's expanded sales,
marketing and manufacturing capabilities. With favourable
supply/demand dynamics expected to benefit the industry over the
medium to long term, particularly at the high end of the market
supplied by Gem Diamonds, this strategy positions the Company well
to generate attractive returns for shareholders in the coming
years.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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