TIDMGEMD

RNS Number : 6136E

Gem Diamonds Limited

03 July 2023

3 July 2023

GEM DIAMONDS LIMITED

("Gem Diamonds" or "the Company")

Notifications of transaction by PDMR

The Company announces that on 29 June 2023 Michael Lynch-Bell, the Senior Non-Executive Director of the Company and a person discharging managerial responsibilities ('PDMR'), on the same day purchased 15,000 Ordinary Shares of US$ 0.01 each (the "Ordinary Shares") in the Company at a price of GBP0.1921 pence per share.

The following disclosure is made in accordance with Article 19(3) of the UK Market Abuse Regulation.

 
 1.   Details of PDMR / person closely associated (PCA) 
 a)   Name                       Michael Lynch-Bell 
     -------------------------  ------------------------------------- 
 2.   Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position / status          Senior Non-Executive Director 
     -------------------------  ------------------------------------- 
 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             Gem Diamonds Limited Ordinary Shares 
       the financial              of USD 0.01 each 
       instrument 
 
       Identification             VGG379591065 
       Code 
     -------------------------  ------------------------------------- 
 b)   Nature of the              On-market purchase 
       transaction 
     -------------------------  ------------------------------------- 
 c)   Currency                   GBP - British Pound 
     -------------------------  ------------------------------------- 
 d)   Price(s) and volume(s)      Price(s)     Volume(s) 
                                   GBP0.1921    15,000 
                                               ---------- 
     -------------------------  ------------------------------------- 
 e)   Aggregated information 
       Aggregated volume           15,000 
 
       Price                       GBP0.1921 
     -------------------------  ------------------------------------- 
 f)   Date of the transaction    2023-06-29 
     -------------------------  ------------------------------------- 
 g)   Place of the transaction   London Stock Exchange 
     -------------------------  -------------------------------------

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) 207 770 6424

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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