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GEMD Gem Diamonds Limited

8.50
0.24 (2.91%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gem Diamonds Limited LSE:GEMD London Ordinary Share VGG379591065 ORD USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.24 2.91% 8.50 8.20 8.36 8.36 8.22 8.22 328,753 16:35:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels 140.29M -2.13M -0.0154 -5.43 11.54M

Gem Diamonds Limited Notice of 2015 Annual General Meeting (7623K)

21/04/2015 7:01am

UK Regulatory


Gem Diamonds (LSE:GEMD)
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TIDMGEMD

RNS Number : 7623K

Gem Diamonds Limited

21 April 2015

21 April 2015

GEM DIAMONDS LIMITED

("Gem Diamonds" or "the Company")

Notice of 2015 Annual General Meeting

Gem Diamonds LTD (LSE:GEMD) announces the publication of its Notice of the 2015 Annual General Meeting (the "AGM Notice") and Form of Proxy for the 2015 Annual General Meeting.

Annual General Meeting

The company's 2015 Annual General Meeting will be held at the Grosvenor Hotel, 101 Buckingham Palace Road, London SW1W 0SJ on Tuesday, 2 June 2015 at 9:30 am

A hard copy version of the AGM Notice and the Form of Proxy has been sent to shareholders by post and will be available to view on the Company's website www.gemdiamonds.com

Gem Diamonds will submit to the UK National Storage Mechanism a copy of its AGM Notice in accordance with LR 9.6.1R. The documents will shortly be available for inspection through the National Storage Mechanism at www.hemscott.com/nsm.do

For further information:

Gem Diamonds Limited

Sherryn Tedder, Assistant Company Secretary and Investor Relations Manager

Tel: +44 (0) 203 0430 2080

Mob: +44 (0) 7778 246 321

Bell Pottinger

Daniel Thöle / Joanna Boon

Tel: +44 (0) 203 772 2500

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 100% 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. Since Gem Diamonds' acquisition of Letšeng in 2006, the mine has produced four of the twenty largest white gem quality diamonds ever recorded.

Gem Diamonds has a growth strategy based on the expansion of the Letšeng mine and bringing the Ghaghoo mine into production, while maintaining its strong balance sheet. The Company seeks to maximise revenue and margin from its rough diamond production by pursuing cutting, polishing and sales and marketing initiatives further along the diamond value chain. With favourable supply/demand dynamics expected to benefit the industry over the medium to long term, particularly at the high end of the market supplied by Gem Diamonds, this strategy positions the Company well to generate attractive returns for shareholders in the coming years.

www.gemdiamonds.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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