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GEMD Gem Diamonds Limited

9.03
0.00 (0.00%)
Last Updated: 08:34:54
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
  0.00 0.00% 9.03 8.60 9.14 154 08:34:54
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels 188.94M 10.18M 0.0737 1.23 12.46M

Gem Diamonds Limited Notifications of transactions by PDMRs (4496T)

20/03/2019 10:41am

UK Regulatory


Gem Diamonds (LSE:GEMD)
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TIDMGEMD

RNS Number : 4496T

Gem Diamonds Limited

20 March 2019

20 March 2019

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) have been made today 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 the            Gem Diamonds Limited 
       entity 
     --------------------------  ------------------------------------------ 
 b)   LEI                         213800RC2PGGMZQG8L67 
     --------------------------  ------------------------------------------ 
 4.   Details of the transaction(s) 
     ---------------------------------------------------------------------- 
 a)   Description of the          Gem Diamonds Limited Ordinary Shares 
       financial instrument        of USD 0.01 each ("Shares") 
       Identification Code         VGG379591065 
     --------------------------  ------------------------------------------ 
 b)   Nature of the transaction   Award of options over Shares 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 volume(s)       Price(s)    Volume(s) 
                                    Nil         230,000 
                                               ---------- 
     --------------------------  ------------------------------------------ 
 e)   Aggregated information       230,000 
       Aggregated volume            Nil 
       Price 
     --------------------------  ------------------------------------------ 
 f)   Date of the transaction     2019-03-20 
     --------------------------  ------------------------------------------ 
 g)   Place of the transaction    Outside a trading venue 
     --------------------------  ------------------------------------------ 
 
 
 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 the            Gem Diamonds Limited 
       entity 
     --------------------------  ------------------------------------------------ 
 b)   LEI                         213800RC2PGGMZQG8L67 
     --------------------------  ------------------------------------------------ 
 4.   Details of the transaction(s) 
     ---------------------------------------------------------------------------- 
 a)   Description of the          Gem Diamonds Limited Ordinary Shares of 
       financial instrument        USD 0.01 each 
       Identification Code         VGG379591065 
     --------------------------  ------------------------------------------------ 
 b)   Nature of the transaction   Award of options over Shares 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 volume(s)       Price(s)    Volume(s) 
                                    Nil         170,000 
                                               ---------- 
     --------------------------  ------------------------------------------------ 
 e)   Aggregated information       170,000 
       Aggregated volume            Nil 
       Price 
     --------------------------  ------------------------------------------------ 
 f)   Date of the transaction     2019-03-20 
     --------------------------  ------------------------------------------------ 
 g)   Place of the transaction    Outside a trading venue 
     --------------------------  ------------------------------------------------ 
 

For further information:

Gem Diamonds Limited

Susan Wallace, Company Secretarial department

Tel: +44 (0) 203 043 0280

ir@gemdiamonds.com

Celicourt Communications

Mark Antelme/Jimmy Lea

Tel: +44 (0) 207 520 9261

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 rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

March 20, 2019 06:41 ET (10:41 GMT)

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