Gem Diamonds Limited Notifications of transactions by PDMRs
17 April 2024 - 4:00PM
RNS Regulatory News
RNS Number : 8426K
Gem Diamonds Limited
17 April 2024
17 April 2024
GEM DIAMONDS
LIMITED
("Gem Diamonds" or the
"Company")
Notifications
of transactions by PDMRs
Options over ordinary shares with a nominal
value exercise price of US$0.01 per share have been granted on 17
April 2024 to Directors/PDMRs of the Company under the Company's
Employee Share Option Plan 2017 as set out in the 2023 Directors
Remuneration Report and detailed below.
|
Name of
Director / PDMR
|
Number of
Performance Shares awarded
|
|
Clifford Elphick
|
783,534
|
|
Michael Michael
|
539,853
|
Options have been granted in accordance with
the Company's approved 2021 remuneration policy, which introduced
the Gem Diamonds Incentive Plan ("GDIP"), integrating annual bonus
awards under the Short-term incentive bonus plan with awards under
the Employee Share Option Plan 2017.
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
|
Clifford Elphick
|
|
2.
|
Reason for the
notification
|
|
a)
|
Position / status
|
Chief Executive Officer
|
|
b)
|
Initial notification / amendment
|
Initial notification
|
|
3.
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Full name of the entity
|
Gem Diamonds Limited
|
|
b)
|
LEI
|
213800RC2PGGMZQG8L67
|
|
4.
|
Details of the
transaction(s)
|
|
a)
|
Description of the financial
instrument
Identification Code
|
Gem Diamonds Limited Ordinary Shares of USD
0.01 each ("Shares")
VGG379591065
|
|
b)
|
Nature of the transaction
|
Award of options over Shares with an exercise
price of USD 0.01 per Share under the terms of the Gem Diamonds
Limited Employee Share Option Plan 2017, for
nil-consideration.
|
|
c)
|
Currency
|
GBP - British Pound
|
|
d)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
783,534
|
|
|
e)
|
Aggregated information
Aggregated volume
Price
|
783,534
Nil
|
|
f)
|
Date of the transaction
|
2024-04-17
|
|
g)
|
Place of the transaction
|
Outside a trading venue
|
|
1.
|
Details of
PDMR / person closely associated (PCA)
|
|
a)
|
Name
|
Michael Michael
|
|
2.
|
Reason for the
notification
|
|
a)
|
Position / status
|
Chief Financial Officer
|
|
b)
|
Initial notification / amendment
|
Initial notification
|
|
3.
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Full name of the entity
|
Gem Diamonds Limited
|
|
b)
|
LEI
|
213800RC2PGGMZQG8L67
|
|
4.
|
Details of the
transaction(s)
|
|
a)
|
Description of the financial
instrument
Identification Code
|
Gem Diamonds Limited Ordinary Shares of USD
0.01 each
VGG379591065
|
|
b)
|
Nature of the transaction
|
Award of options over Shares with an exercise
price of USD 0.01 per Share under the terms of the Gem Diamonds
Limited Employee Share Option Plan 2017, for nil
consideration.
|
|
c)
|
Currency
|
GBP - British Pound
|
|
d)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
539,853
|
|
|
e)
|
Aggregated information
Aggregated volume
Price
|
539,853
Nil
|
|
f)
|
Date of the transaction
|
2024-04-17
|
|
g)
|
Place of the transaction
|
Outside a trading venue
|
For further information:
Gem
Diamonds
Gem Diamonds Limited
Kiki Constantopoulos, Company
Secretary
Tel: +44 (0) 203 043 0280
ir@gemdiamonds.com
Celicourt Communications
Mark Antelme / Felicity
Winkles
Tel: +44 (0) 207
777 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. 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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