TIDMGEMD

RNS Number : 6870L

Gem Diamonds Limited

17 May 2022

17 May 2022

GEM DIAMONDS LIMITED

("Gem Diamonds" or "the Company")

SHARE BUYBACK

Transaction in Own Shares

Gem Diamonds Limited announces that on 16 May 2022 it purchased 55,672 of its ordinary shares from Liberum Capital Limited (acting as the Company's broker) on the London Stock Exchange at an average price of 60.60 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 1,042,233 ordinary shares as treasury shares. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 139,679,366.

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:                               16-May-22 
Number of ordinary shares purchased:             55,672 
Volume weighted average price paid per share:     60.60

Transaction details:

 
Transaction   Transaction           Price 
 Date          Time         Volume   (p)   Platform code 
16/05/2022    16:29:59.816   7 500   61.4      XLON 
16/05/2022    16:29:59.816   4 217   61.4      XLON 
16/05/2022    16:29:59.816   2 755   61.4      XLON 
16/05/2022    16:29:52.052     286   61.4      XLON 
16/05/2022    16:29:52.047     259   61.4      XLON 
16/05/2022    16:29:52.042     196   61.4      XLON 
16/05/2022    16:15:01.321     170   61.2      XLON 
16/05/2022    15:04:50.211   4 374   60.4      XLON 
16/05/2022    15:04:47.292   7 130   60.0      XLON 
16/05/2022    13:44:59.025   4 285   60.2      XLON 
16/05/2022    13:44:56.319   5 407   60.2      XLON 
16/05/2022    12:48:59.079     593   60.2      XLON 
16/05/2022    10:49:32.148   5 000   60.4      XLON 
16/05/2022    10:49:25.106   4 233   60.6      XLON 
16/05/2022    10:43:01.162   5 000   60.2      XLON 
16/05/2022    09:30:41.746   4 267   60.6      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 17, 2022 10:04 ET (14:04 GMT)

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