Gem Diamonds Limited Notification of transactions by a PDMR (4756Z)
21 September 2020 - 4:00PM
UK Regulatory
TIDMGEMD
RNS Number : 4756Z
Gem Diamonds Limited
21 September 2020
21 September 2020
GEM DIAMONDS LIMITED
("Gem Diamonds" or the "Company")
Notification of transactions by a PDMR
The Company announces that on 18 September 2020, Michael
Michael, Chief Financial Officer of the Company, exercised options
of 44,076 shares of US$ 0.01 each. Mr Michael has retained all the
shares. The Nil Cost options were issued pursuant to the Gem
Diamonds Employee Share Option Plan 2017.
Name of Director/PDMR Number of ordinary Number of ordinary % of total ordinary
shares held shares held after shares in issue
prior to exercise exercise of options after purchase
of options
Michael Michael 127,773 171,849 0.12%
------------------- --------------------- --------------------
The following disclosure is made in accordance with Article
19(3) of the EU Market Abuse Regulation.
1. Details of PDMR
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 ("Shares")
Identification Code VGG379591065
-------------------------- ----------------------------------------
b) Nature of the transaction Exercise of Nil Cost share options
-------------------------- ----------------------------------------
c) Currency GBP - British Pound
-------------------------- ----------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
0.00 44,076
-------------------------- ----------------------------------------
e) Aggregated information N/A
Aggregated volume N/A
Price
-------------------------- ----------------------------------------
f) Date of the transaction 2020-09-18
-------------------------- ----------------------------------------
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/Ollie Mills
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 and
is currently in the process of selling its 100% share 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
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END
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