TIDMGEMD

RNS Number : 1947K

Gem Diamonds Limited

04 May 2022

4 May 2022

GEM DIAMONDS LIMITED

("Gem Diamonds" or "the Company")

SHARE BUYBACK

Transaction in Own Shares

Gem Diamonds Limited announces that on 3 May 2022 it purchased 54,649 of its ordinary shares from Liberum Capital Limited (acting as the Company's broker) on the London Stock Exchange at an average price of 59.96 pence per share, as part of the Company's buyback programme announced on 12 April 2022. The purchased shares will all be held as treasury shares.

Following the above purchase, the Company holds 516,315 ordinary shares as treasury shares. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 140,192,823.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), detailed information about the individual purchases made by Liberum Capital Limited is set out below.

 
 Aggregated information: 
 
 Platform code                                      XLON 
                                                 ---------- 
 Date of purchase:                                03-May-22 
                                                 ---------- 
 Number of ordinary shares purchased:              54,649 
                                                 ---------- 
 Volume weighted average price paid per share:      59.96 
                                                 ----------

Transaction details:

 
 Transaction Date    Transaction Time   Volume   Price (p)   Platform code 
 03/05/2022          13:04:09.036        7 804        59.6       XLON 
                    -----------------  -------  ----------  -------------- 
 03/05/2022          12:56:25.380        6 594        59.6       XLON 
                    -----------------  -------  ----------  -------------- 
 03/05/2022          12:56:23.308        6 235        59.8       XLON 
                    -----------------  -------  ----------  -------------- 
 03/05/2022          12:56:23.308        4 646        59.6       XLON 
                    -----------------  -------  ----------  -------------- 
 03/05/2022          09:25:56.271        4 367        60.8       XLON 
                    -----------------  -------  ----------  -------------- 
 03/05/2022          12:56:23.308        4 310        59.6       XLON 
                    -----------------  -------  ----------  -------------- 
 03/05/2022          13:04:09.036        4 046        59.6       XLON 
                    -----------------  -------  ----------  -------------- 
 03/05/2022          11:56:56.420        4 000        60.0       XLON 
                    -----------------  -------  ----------  -------------- 
 03/05/2022          09:25:56.268        3 788        60.8       XLON 
                    -----------------  -------  ----------  -------------- 
 03/05/2022          12:25:56.497        3 765        59.8       XLON 
                    -----------------  -------  ----------  -------------- 
 03/05/2022          09:25:56.268        3 600        60.8       XLON 
                    -----------------  -------  ----------  -------------- 
 03/05/2022          09:25:56.271        1 494        60.8       XLON 
                    -----------------  -------  ----------  --------------

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

Mark Antelme/Felicity Winkles

Tel: +44 (0) 208 434 2643

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END

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May 04, 2022 02:01 ET (06:01 GMT)

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