Gem Diamonds Limited Notifications of transactions by PDMRs (2511P)

TIDMGEMD

RNS Number : 2511P

Gem Diamonds Limited

24 May 2018

24 May 2018

GEM DIAMONDS LIMITED

("Gem Diamonds" or the "Company")

Notifications of transactions by PDMRs

Awards of Performance Shares (in the form of options over ordinary shares with a nominal value exercise price of US$0.01 per share) were made on 20 March 2018 to Directors/PDMRs of the Company under the Company's Employee Share Option Plan 2017, as detailed below.

 
 Name of Director / PDMR    Number of Performance 
                             Shares awarded 
-------------------------  ---------------------- 
 Clifford Elphick           230,000 
-------------------------  ---------------------- 
 Michael Michael            170,000 
-------------------------  ---------------------- 
 

The following disclosure is made in accordance with Article 19(3) of the EU Market Abuse Regulation.

 
 1.   Details of PDMR / person closely associated 
       (PCA) 
---  ------------------------------------------------------------- 
 a)   Name                     Clifford Elphick 
---  -----------------------  ------------------------------------ 
 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)   Full name of             Gem Diamonds Limited 
       the entity 
---  -----------------------  ------------------------------------ 
 b)   LEI                      213800RC2PGGMZQG8L67 
---  -----------------------  ------------------------------------ 
 4.   Details of the transaction(s) 
---  ------------------------------------------------------------- 
 a)   Description              Gem Diamonds Limited Ordinary 
       of the financial         Shares of USD 0.01 each ("Shares") 
       instrument               VGG379591065 
       Identification 
       Code 
---  -----------------------  ------------------------------------ 
 b)   Nature of the            Award of options over Shares 
       transaction              with an exercise price of USD 
                                0.01 per Share under the terms 
                                of the Gem Diamonds Limited 
                                Employee Share Option Plan 
                                2017, for nil-consideration. 
---  -----------------------  ------------------------------------ 
 c)   Currency                 GBP - British Pound 
---  -----------------------  ------------------------------------ 
 d)   Price(s) and              Price(s)    Volume(s) 
       volume(s)                ----------  ---------- 
                                 Nil         230,000 
                                ----------  ---------- 
---  -----------------------  ------------------------------------ 
 e)   Aggregated information    230,000 
       Aggregated volume         Nil 
       Price 
---  -----------------------  ------------------------------------ 
 f)   Date of the              2018-03-20 
       transaction 
---  -----------------------  ------------------------------------ 
 g)   Place of the             Outside a trading venue 
       transaction 
---  -----------------------  ------------------------------------ 
 
 
 1.   Details of PDMR / person closely associated 
       (PCA) 
---  ----------------------------------------------------------- 
 a)   Name                     Michael Michael 
---  -----------------------  ---------------------------------- 
 2.   Reason for the notification 
---  ----------------------------------------------------------- 
 a)   Position / status        Chief Financial Officer 
---  -----------------------  ---------------------------------- 
 b)   Initial notification     Initial notification 
       / amendment 
---  -----------------------  ---------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------- 
 a)   Full name of             Gem Diamonds Limited 
       the entity 
---  -----------------------  ---------------------------------- 
 b)   LEI                      213800RC2PGGMZQG8L67 
---  -----------------------  ---------------------------------- 
 4.   Details of the transaction(s) 
---  ----------------------------------------------------------- 
 a)   Description              Gem Diamonds Limited Ordinary 
       of the financial         Shares of USD 0.01 each 
       instrument               VGG379591065 
       Identification 
       Code 
---  -----------------------  ---------------------------------- 
 b)   Nature of the            Award of options over Shares 
       transaction              with an exercise price of USD 
                                0.01 per Share under the terms 
                                of the Gem Diamonds Limited 
                                Employee Share Option Plan 2017, 
                                for nil consideration. 
---  -----------------------  ---------------------------------- 
 c)   Currency                 GBP - British Pound 
---  -----------------------  ---------------------------------- 
 d)   Price(s) and              Price(s)    Volume(s) 
       volume(s)                ----------  ---------- 
                                 Nil         170,000 
                                ----------  ---------- 
---  -----------------------  ---------------------------------- 
 e)   Aggregated information    170,000 
       Aggregated volume         Nil 
       Price 
---  -----------------------  ---------------------------------- 
 f)   Date of the              2018-03-20 
       transaction 
---  -----------------------  ---------------------------------- 
 g)   Place of the             Outside a trading venue 
       transaction 
---  -----------------------  ---------------------------------- 
 

For further information:

Gem Diamonds Limited

Susan Wallace, Company Secretarial department

Tel: [phone]

[e-mail]

Celicourt Communications

Mark Antelme/Jimmy Lea

Tel: [phone]

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. www.gemdiamonds.com.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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May 24, 2018 11:51 ET (15:51 GMT)