TIDMGEMD

RNS Number : 1886L

Gem Diamonds Limited

12 May 2022

12 May 2022

GEM DIAMONDS LIMITED

("Gem Diamonds" or "the Company")

SHARE BUYBACK

Transaction in Own Shares

Gem Diamonds Limited announces that on 11 May 2022 it purchased 33,965 of its ordinary shares from Liberum Capital Limited (acting as the Company's broker) on the London Stock Exchange at an average price of 59.79 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 839,358 ordinary shares as treasury shares. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 139,882,241.

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:                                11-May-22 
                                                 ---------- 
 Number of ordinary shares purchased:              33,965 
                                                 ---------- 
 Volume weighted average price paid per share:      59.79 
                                                 ---------- 
 

Transaction details:

 
 Transaction    Transaction    Volume   Price   Platform code 
  Date           Time                    (p) 
 11/05/2022     16:29:53.260       14    60.8       XLON 
               -------------  -------  ------  -------------- 
 11/05/2022     16:29:53.256        8    60.8       XLON 
               -------------  -------  ------  -------------- 
 11/05/2022     16:28:42.776    2 000    60.8       XLON 
               -------------  -------  ------  -------------- 
 11/05/2022     16:28:42.770    2 000    60.8       XLON 
               -------------  -------  ------  -------------- 
 11/05/2022     15:02:03.240       15    59.8       XLON 
               -------------  -------  ------  -------------- 
 11/05/2022     14:13:51.346    4 205    59.6       XLON 
               -------------  -------  ------  -------------- 
 11/05/2022     14:13:51.343    8 600    59.6       XLON 
               -------------  -------  ------  -------------- 
 11/05/2022     13:37:30.791    2 000    59.6       XLON 
               -------------  -------  ------  -------------- 
 11/05/2022     13:22:29.126    2 000    59.6       XLON 
               -------------  -------  ------  -------------- 
 11/05/2022     13:21:48.882    3 178    59.8       XLON 
               -------------  -------  ------  -------------- 
 11/05/2022     13:21:48.879    1 439    59.8       XLON 
               -------------  -------  ------  -------------- 
 11/05/2022     13:21:48.879    6 271    59.8       XLON 
               -------------  -------  ------  -------------- 
 11/05/2022     12:48:39.066      729    59.8       XLON 
               -------------  -------  ------  -------------- 
 11/05/2022     10:42:49.800    1 500    59.2       XLON 
               -------------  -------  ------  -------------- 
 11/05/2022     10:42:49.797        6    59.2       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 12, 2022 02:01 ET (06:01 GMT)

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