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GEM Gemfields Group Limited

12.00
-0.50 (-4.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gemfields Group Limited LSE:GEM London Ordinary Share GG00BG0KTL52 ORD USD0.00001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -4.00% 12.00 11.50 12.50 12.15 12.00 12.00 121,028 08:00:15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 341.11M 56.78M 0.0464 2.59 146.75M

Gemfields PLC Director's Dealings (9175K)

12/07/2017 5:48pm

UK Regulatory


Gemfields (LSE:GEM)
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From Mar 2019 to Mar 2024

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TIDMGEM

RNS Number : 9175K

Gemfields PLC

12 July 2017

Gemfields plc

("Gemfields" or the "Company")

Director's Dealings

12 July 2017

Gemfields (AIM: GEM) announces that on 11 July 2017, the Company received notification from Ian Harebottle, a director of the Company (and Chief Executive Officer), of a dealing relating to the exercise of options under the Company's Share Option Scheme and the sale of a portion of shares following the exercise of options.

The exercise of the above options has been satisfied by the Company's block listing arrangements.

Details of the share dealing are as follows:

 
 Director           Date of        Number         Number         Average       Number            Shares 
                     exercise       of ordinary    of ordinary    sale price    of                held 
                     of options     shares         shares                       Ordinary          as a 
                     and sale       of 1 pence     of 1 pence                   Shares            % of 
                     of shares      each in        each in                      held following    Current 
                                    the Company    the Company                  exercise          Issued 
                                    issued         sold                         and subsequent    Share 
                                    under                                       sale including    Capital 
                                    exercise                                    shares 
                                                                                held in 
                                                                                own name 
-----------------  -------------  -------------  -------------  ------------  ----------------  --------- 
                                                                 30.875 
                    10 July                                       pence 
  Ian Harebottle     2017          3,800,000      2,902,763       per share    1,097,237         0.20% 
-----------------  -------------  -------------  -------------  ------------  ----------------  --------- 
 

ENQUIRIES:

 
 Gemfields                          jj.williams@gemfields.co.uk 
                                    +44 (0)20 7659 
 JJ Williams, Company Secretary      4965 
 
 Grant Thornton UK LLP 
 Nominated Adviser 
 Philip Secrett/Richard             +44 (0)20 7383 
  Tonthat/Jamie Barklem              5100 
 
 J.P. Morgan Cazenove 
 Joint Broker 
 Jamie Riddell / James              +44 (0)20 7742 
  Deal                               4000 
 
 BMO Capital Markets Limited 
 Joint Broker 
 Jeff Couch/Neil Haycock/Tom        +44 (0)20 7236 
  Rider/Jenny Wyllie                 1010 
 Macquarie Capital (Europe) 
  Limited 
  Joint Broker 
  Raj Khatri/Nick Stamp/Guy          +44 (0)20 3037 
  de Freitas                          2000 
 Tavistock 
 Jos Simson/Emily Fenton/Barnaby    +44 (0)20 7920 
  Hayward                            3150 
 

Notes to Editors:

Gemfields plc is the world's leading supplier of responsibly sourced coloured gemstones and is quoted on the AIM division of the London Stock Exchange (ticker: GEM).

Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world's single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition Gemfields also holds a 50% interest in the Kariba amethyst mine in Zambia, as well as controlling interests in various other gemstone mining and prospecting licenses in Zambia, Mozambique, Ethiopia, Madagascar and Sri Lanka.

Gemfields' outright ownership of Fabergé - an iconic and prestigious brand of exceptional heritage - enables Gemfields to optimise positioning, perception and consumer awareness of coloured gemstones, advancing the wider group's "mine and market" vision.

Gemfields has developed a proprietary grading system and a pioneering auction and trading platform to provide a consistent supply of quality coloured gemstones to the global downstream markets. This is a key component of the Company's business model which the Directors believe has played an important role in the appropriate distribution and associated resurgence of the global coloured gemstone sector.

www.gemfields.co.uk

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ----------------------------------------------------------------------------- 
 a)    Name                       Ian Harebottle 
----  -------------------------  -------------------------------------------------- 
 2     Reason for the notification 
----  ----------------------------------------------------------------------------- 
 a)    Position/status            Chief Executive Officer 
----  -------------------------  -------------------------------------------------- 
 b)    Initial notification       Initial Notification 
        /Amendment 
----  -------------------------  -------------------------------------------------- 
 3     Details of the issuer, emission allowance market 
        participant, auction platform, auctioneer or 
        auction monitor 
----  ----------------------------------------------------------------------------- 
 a)    Name                       Gemfields plc 
----  -------------------------  -------------------------------------------------- 
 b)    LEI                        2138004HLLIYVCFNZO62 
----  -------------------------  -------------------------------------------------- 
 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             Ordinary shares of 1 pence 
        the financial              each 
        instrument, type 
        of instrument 
---- 
 
       Identification             GB00B0HX1083 
        code 
 
 b)    Nature of the                   (1) Exercise of 1,950,000 Options 
        transaction                     over Ordinary Shares 
                                        (2) Exercise of 600,000 Options 
                                        over Ordinary Shares 
                                        (3) Exercise of 1,250,000 Options 
                                        over Ordinary Shares 
                                        (4) Sale of Ordinary Shares 
----  -------------------------  -------------------------------------------------- 
 c)    Price(s) and volume(s)           Price (s)          Volumes (s) 
----  -------------------------  ----  -----------------  --------------------  --- 
                                             (1) 8              (5) 1,950,000 
                                              (2) 19.95          (6) 600,000 
                                              (3) 29.28          (7) 1,250,000 
                                              (4) 30.875         (8) 2,902,763 
  -----------------------------------  -----------------  --------------------  --- 
 d)    Aggregated information 
---- 
 
 
 e)    Date of the transaction    10 July 2017 
----  -------------------------  -------------------------------------------------- 
 f)    Place of the                    (1) - (3) Outside of trading 
        transaction                     venue 
                                        (4) London Stock Exchange 
----  -------------------------  -------------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHOKBDQABKDNOD

(END) Dow Jones Newswires

July 12, 2017 12:48 ET (16:48 GMT)

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