Gem Diamonds Limited Director/PDMR Shareholding (2201K)
05 July 2017 - 10:42PM
UK Regulatory
TIDMGEMD
RNS Number : 2201K
Gem Diamonds Limited
05 July 2017
5 July 2017
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) were made on 4 July 2017 to Directors/PDMRs of the Company
under the Company's Employee Share Option Plan ("ESOP"), as
detailed below.
Name of Director / PDMR Number of Performance Shares
awarded
------------------------- -----------------------------
Clifford Elphick 230,000
------------------------- -----------------------------
Michael Michael 170,000
------------------------- -----------------------------
Glenn Turner 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 of
financial instrument 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, 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 4 July 2017
--- -------------------------- ----------------------------------------------
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, 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 4 July 2017
--- -------------------------- ----------------------------------------------
g) Place of the transaction Outside a trading venue
--- -------------------------- ----------------------------------------------
1. Details of PDMR / person closely associated (PCA)
--- --------------------------------------------------------------------------
a) Name Glenn Turner
--- -------------------------- ----------------------------------------------
2. Reason for the notification
--- --------------------------------------------------------------------------
a) Position / status Chief Legal and Commercial Officer and
Company Secretary
--- -------------------------- ----------------------------------------------
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 ("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, 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 4 July 2017
--- -------------------------- ----------------------------------------------
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
ir@gemdiamonds.com
Celicourt Communications
Joanna Boon/Mark Antelme
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. Since Gem Diamonds' acquisition of Letšeng in
2006, the mine has produced four of the 20 largest white gem
quality diamonds ever recorded. The Ghaghoo mine in Botswana has
been placed on care and maintenance until market conditions allow
for recommencement of production. www.gemdiamonds.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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