RNS Number : 6873Y
Gem Resources PLC
27 February 2025
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

 

Gem Resources Plc

("GEMR" or the "Company")

 

Director Dealing

 

Gem Resources Plc (LSE: GEMR), the owner and operator of the Gravelotte Emerald Mine in South Africa, today announces that Peter Redmond, a director and a Person Discharging Managerial Responsibilities purchased a total of 2,000,000 ordinary shares in the Company, in the market, at prices between 0.48p and 0.49p per share over the period 24 to 26 February 2025.

Following the purchases Mr Redmond will have the following interests in Ordinary Shares:

 

Interest in Ordinary Shares (Number)

 

Interest in Ordinary Shares (Percentage)

 

8,026,281

2.65

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter Redmond

 

2.

Reason for the Notification

a)

Position/status

PDMR

 

 

b)

Initial notification / Amendment

Initial notification

 

 

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Gem Resources Plc

 

 

b)

LEI

213800U6Z250COBY7781

 

 

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary Shares of £0.0001


Identification Code

GB00BL979W39

 

 

b)

Nature of the transaction

Market Purchase

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.48  pence per Ordinary Share

500,000 Ordinary Shares

 


0.49  pence per Ordinary Share

500,000 Ordinary Shares

0.49  pence per Ordinary Share

1,000,000 Ordinary Shares

d)

Aggregated information:

Aggregated volume

Price

 

2,000,000 Ordinary Shares

0.487 pence per Ordinary Share

 

 

e)

Dates of the transactions

24-26 February 2025

 

f)

Place of the transactions

London

 

 

Enquiries:

 

Gem Resources Plc

Chief Executive Officer

Bernard Olivier

 

Executive Director

Peter Redmond

 

Chief Operating Officer
Jeremy Sturgess-Smith

 

+44 (0)746 368 6497

 

 

 

 

 

 

 

info@gemresources.co.uk

 

Peterhouse Capital Limited

Joint Corporate Broker

Lucy Williams

Duncan Vasey

 

Capital Plus Partners

Joint Corporate Broker

Jon Critchley                                                                        

+44 (0)20 7469 0930

 

 

 

 

 

 

+44 (0)203 821 6169

 

 

 

About Gem Resources Plc ("GEMR")

 

GEMR is an emerging emerald producer, focusing on the Gravelotte Emerald Mine. Historically, GEMR is one of the world's largest emerald mines, located in South Africa. The Company is committed to sustainable and efficient mining practices, utilizing modern technology to revive this historically significant emerald mine.  The Company has also acquired the Curlew Emerald Mine in Australia, further expanding its emerald mining operations and assets.

 

For more information about Gem Resources Plc, including investor relations and corporate news, please visit our website at www.gemresources.co.uk. Interested parties are also invited to sign-up for our newsletter via our website.

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