TIDMGEMD

RNS Number : 3530L

Gem Diamonds Limited

13 May 2022

13 May 2022

GEM DIAMONDS LIMITED

("Gem Diamonds" or "the Company")

SHARE BUYBACK

Transaction in Own Shares

Gem Diamonds Limited announces that on 12 May 2022 it purchased 68,455 of its ordinary shares from Liberum Capital Limited (acting as the Company's broker) on the London Stock Exchange at an average price of 58.72 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 907,813 ordinary shares as treasury shares. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 139,813,786.

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:                                12-May-22 
                                                 ---------- 
 Number of ordinary shares purchased:              67,336 
                                                 ---------- 
 Volume weighted average price paid per share:      58.72 
                                                 ---------- 
 
 Platform code                                      CHIX 
                                                 ---------- 
 Date of purchase:                                12-May-22 
                                                 ---------- 
 Number of ordinary shares purchased:               1,119 
                                                 ---------- 
 Volume weighted average price paid per share:      58.60 
                                                 ---------- 
 

Transaction details:

 
 Transaction    Transaction    Volume   Price   Platform code 
  Date           Time                    (p) 
 12/05/2022     16:14:06.727      177    58.6       CHIX 
               -------------  -------  ------  -------------- 
 12/05/2022     16:14:06.726      425    58.6       CHIX 
               -------------  -------  ------  -------------- 
 12/05/2022     15:38:08.701    2 235    58.6       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     15:38:08.701    5 000    58.4       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     15:22:09.488    4 386    58.6       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     15:22:09.488    6 309    59.0       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     15:22:09.488    1 700    59.0       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     15:22:09.488    2 212    59.0       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     15:22:09.486    5 000    58.8       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     14:59:09.321    4 284    59.0       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     14:52:54.709    1 500    58.8       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     14:52:54.708    2 500    58.6       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     14:33:00.824    2 500    58.6       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     14:33:00.805    2 500    58.6       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     14:33:00.784      354    58.8       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     14:33:00.784    1 500    58.8       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     14:33:00.784    2 500    58.6       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     14:16:36.684      931    58.6       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     14:16:36.684    1 569    58.6       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     14:16:36.681    2 500    58.6       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     13:39:10.716      759    58.8       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     13:39:10.716    6 129    58.8       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     13:36:06.607      244    58.6       CHIX 
               -------------  -------  ------  -------------- 
 12/05/2022     13:10:16.066    3 521    58.2       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     13:10:16.065      594    58.2       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     12:42:46.702    2 500    58.6       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     12:25:06.589      273    58.6       CHIX 
               -------------  -------  ------  -------------- 
 12/05/2022     11:47:56.085    3 945    59.0       XLON 
               -------------  -------  ------  -------------- 
 12/05/2022     11:46:23.060      408    59.0       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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