Gemfields PLC Grant of Share Options (9213O)

TIDMGEM

RNS Number : 9213O

Gemfields PLC

10 November 2016

Gemfields plc

("Gemfields" or the "Company")

Grant of Share Options

10 November 2016

Gemfields (AIM: GEM) announces that it has granted to certain directors and employees a total of 6,715,000 options over ordinary shares of 1 pence each in the Company (the "Options"). These Options were granted under the Share Option Scheme 2010 approved at the AGM on 21 December 2010 (the "Scheme").

The awarding of the Options was approved by the Board on 8 November 2016 and carry a grant date of 8 November 2016 with the exercise price being the volume-weighted average traded price per ordinary share in the capital of the Company during the 30 days ending on 7 November 2016. As such, the Options have an exercise price of 49.49 pence per share, calculated over the 30 days ending on 7 November 2016.

The Directors who have been awarded Options are as follows:

 
 Director       Position    Number        Total options     Number      Shares 
                             of Options    held following    of          held as 
                             granted       the grant         Ordinary    a % of 
                                                             Shares      Current 
                                                             held        Issued 
                                                                         Share 
                                                                         Capital 
-------------  ----------  ------------  ----------------  ----------  --------- 
 Ian Timothy 
  Harebottle    CEO         600,000       5,950,000         200,000     0.04% 
-------------  ----------  ------------  ----------------  ----------  --------- 
 Janet Boyce    CFO         320,000       1,195,000         Nil         Nil 
-------------  ----------  ------------  ----------------  ----------  --------- 
 

The 920,000 Options granted to the Directors represent approximately 0.17% of the current issued share capital of the Company. The remaining 5,795,000 Options awarded to employees also carry an exercise price of 49.49 pence per share and a grant date of 8 November 2016.

Following the grant of the Options, the total number of ordinary shares covered by option arrangements is 41,060,000 ordinary shares representing 7.48% of the Company's issued share capital (and of which the number of options held by directors of the Company is 9,345,000 ordinary shares representing 1.70% of the Company's issued share capital).

ENQUIRIES:

 
 Gemfields                          [e-mail] 
                                    [phone] 
 JJ Williams, Company Secretary      4965 
 
 Grant Thornton UK LLP 
 Nominated Adviser 
 Philip Secrett/Richard             [phone] 
  Tonthat/Jamie Barklem              5100 
 
 J.P. Morgan Cazenove 
 Joint Broker 
 Jamie Riddell / James              [phone] 
  Deal                               4000 
 
 BMO Capital Markets Limited 
 Joint Broker 
 Jeff Couch/Neil Haycock/Tom        [phone] 
  Rider/Jenny Wyllie                 1010 
 Macquarie Capital (Europe) 
  Limited 
  Joint Broker 
  Raj Khatri/Nick Stamp/Guy          [phone] 
  de Freitas                          2000 
 Tavistock 
 Jos Simson/Emily Fenton/Barnaby    [phone] 
  Hayward                            3150 
 

Notes to Editors:

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

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

Gemfields' outright ownership of the Fabergé brand - an iconic and prestigious brand of exceptional heritage - enables Gemfields to optimise positioning, perception and consumer awareness of coloured gemstones, advancing the 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                              CEO 
---  -------------------------------------------  ------------------------------------- 
 b)   Initial notification                         Initial 
       /Amendment 
---  -------------------------------------------  ------------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ---------------------------------------------------------------------------------- 
 a)   Name                                         Gemfields plc 
---  -------------------------------------------  ------------------------------------- 
 b)   LEI                                          N/A 
---  -------------------------------------------  ------------------------------------- 
 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                               600,000 options over ordinary 
       the financial                                shares of 1 pence each in the 
       instrument, type                             capital of the Company 
       of instrument 
--- 
 
      Identification                               GB00B0HX1083 
       code 
 
 b)   Nature of the                                Award of Options 
       transaction 
---  -------------------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)                       N/A 
---  -------------------------------------------  ------------------------------- 
 d)   Aggregated information                       600,000 options over ordinary 
                                                    shares of 1 pence each in the 
                                                    capital of the Company 
--- 
 
 
 e)   Date of the transaction                      8 November 2016 
---  -------------------------------------------  ------------------------------------- 
 f)   Place of the transaction                     London Stock Exchange, AIM 
                                                    Market 
---  -------------------------------------------  ------------------------------------- 
 

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                                         Janet Boyce 
---  -------------------------------------------  ---------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------------------------- 
 a)   Position/status                              CFO 
---  -------------------------------------------  ---------------------------------------- 
 b)   Initial notification                         Initial 
       /Amendment 
---  -------------------------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ------------------------------------------------------------------------------------- 
 a)   Name                                         Gemfields plc 
---  -------------------------------------------  ---------------------------------------- 
 b)   LEI                                          N/A 
---  -------------------------------------------  ---------------------------------------- 
 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                               320,000 options over ordinary 
       the financial                                shares of 1 pence each in the 
       instrument, type                             capital of the Company 
       of instrument 
--- 
 

      Identification                               GB00B0HX1083 
       code 
 
 b)   Nature of the                                Award of Options 
       transaction 
---  -------------------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)                       N/A 
---  -------------------------------------------  ---------------------------------- 
 d)   Aggregated information                       320,000 options over ordinary 
                                                    shares of 1 pence each in the 
                                                    capital of the Company 
--- 
 
 
 e)   Date of the transaction                      8 November 2016 
---  -------------------------------------------  ---------------------------------------- 
 f)   Place of the transaction                     London Stock Exchange, AIM Market 
---  -------------------------------------------  ---------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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November 10, 2016 12:45 ET (17:45 GMT)