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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 13.275 | 13.05 | 13.20 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc Nonmtl Minrls, Ex Fuels | 140.29M | -2.13M | -0.0154 | -8.62 | 18.32M |
TIDMGEMD
RNS Number : 1278I
Gem Diamonds Limited
07 December 2015
7 December 2015
GEM DIAMONDS LIMITED
("Gem Diamonds" or "the Company")
Appointment of Joint Broker
Gem Diamonds Limited (LSE: GEMD) is pleased to announce the appointment of Panmure Gordon (UK) Limited as Joint Broker to the Company with immediate effect. Liberum Capital Limited and JP Morgan Cazenove will continue to act as joint brokers.
For further information:
Gem Diamonds Limited
Sherryn Tedder / Glenn Turner
Tel: +44 (0) 20 3043 0280
Bell Pottinger
Daniel Thole / Anna Legge
Tel :+44 (0) 20 3772 2500
JP Morgan Cazenove
Jamie Riddell
Tel: +44 (0) 20 7134 4726
Liberum Capital Limited
Richard Crawley
Tel: 44 (0) 20 3100 2251
Panmure Gordon (UK) Limited
Adam James
Tel: +44 (0) 20 7886 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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(END) Dow Jones Newswires
December 07, 2015 02:00 ET (07:00 GMT)
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