Gem Diamonds Limited Notifications of transactions by PDMRs (4496T)
March 20 2019 - 6:41AM
UK Regulatory
TIDMGEMD
RNS Number : 4496T
Gem Diamonds Limited
20 March 2019
20 March 2019
GEM DIAMONDS LIMITED
("Gem Diamonds" or the "Company")
Notifications of transactions by PDMRs
Awards of Performance Shares (in the form of options over
ordinary shares with a nominal value exercise price of US$0.01 per
share) have been made today to Directors/PDMRs of the Company under
the Company's Employee Share Option Plan 2017, as detailed
below.
Name of Director / PDMR Number of Performance Shares
awarded
Clifford Elphick 230,000
-----------------------------
Michael Michael 170,000
-----------------------------
The following disclosure is made in accordance with Article
19(3) of the EU 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 Initial notification
/ amendment
-------------------------- ------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Full name of the Gem Diamonds Limited
entity
-------------------------- ------------------------------------------
b) LEI 213800RC2PGGMZQG8L67
-------------------------- ------------------------------------------
4. Details of the transaction(s)
----------------------------------------------------------------------
a) Description of the Gem Diamonds Limited Ordinary Shares
financial instrument of USD 0.01 each ("Shares")
Identification Code 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 230,000
----------
-------------------------- ------------------------------------------
e) Aggregated information 230,000
Aggregated volume Nil
Price
-------------------------- ------------------------------------------
f) Date of the transaction 2019-03-20
-------------------------- ------------------------------------------
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 Initial notification
/ amendment
-------------------------- ------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Full name of the Gem Diamonds Limited
entity
-------------------------- ------------------------------------------------
b) LEI 213800RC2PGGMZQG8L67
-------------------------- ------------------------------------------------
4. Details of the transaction(s)
----------------------------------------------------------------------------
a) Description of the Gem Diamonds Limited Ordinary Shares of
financial instrument USD 0.01 each
Identification Code 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 170,000
----------
-------------------------- ------------------------------------------------
e) Aggregated information 170,000
Aggregated volume Nil
Price
-------------------------- ------------------------------------------------
f) Date of the transaction 2019-03-20
-------------------------- ------------------------------------------------
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
ir@gemdiamonds.com
Celicourt Communications
Mark Antelme/Jimmy Lea
Tel: +44 (0) 207 520 9261
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
100% 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 rns@lseg.com or visit www.rns.com.
END
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