Notifications of transactions by PDMRs

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 / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

Gem Diamonds Limited

b)

LEI

213800RC2PGGMZQG8L67

4.

Details of the transaction(s)

a)

Description of the financial instrument

 

Identification Code

Gem Diamonds Limited Ordinary Shares of USD 0.01 each ("Shares")

 

 

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

 

Aggregated volume

 

Price

 

 

230,000

 

Nil

f)

Date of the transaction

2018-03-20

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 / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

Gem Diamonds Limited

b)

LEI

213800RC2PGGMZQG8L67

4.

Details of the transaction(s)

a)

Description of the financial instrument

 

Identification Code

Gem Diamonds Limited Ordinary Shares of USD 0.01 each

 

 

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

 

Aggregated volume

 

Price

 

 

170,000

 

Nil

f)

Date of the transaction

2018-03-20

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

 


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