Portfolio

Company Announcements

Director/PDMR Shareholding

Related Companies

By LSE RNS

RNS Number : 1169I
Gem Diamonds Limited
15 June 2017
 

15 June 2017

GEM DIAMONDS LIMITED

("Gem Diamonds" or the "Company")

Notifications of transactions by a PDMR

 

The Company received notification on 14 June 2017 that Mr Jeffrey Leaver, a PDMR, had exercised options over 10 484 shares of US$ 0.01 each. The Nil Cost options were issued pursuant to the Gem Diamonds Long Term Incentive Plan 2007. Mr Leaver did not sell any shares pursuant to the exercise.

Mr Leaver now holds 10 484 shares (0.01%). 

As a result of this exercise of options, the Company's issued share capital is 138 530 097 Ordinary Shares of US$ 0.01 each, all with voting rights.

The above figure (138 530 097) may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

In accordance with Article 19 of the EU Market Abuse Regulation, the relevant FCA notification is set out below.

 

 

 1.

Details of PDMR / person closely associated (PCA)

a)

Name

Jeffrey Leaver

2.

Reason for the notification

a)

Position / status

Acting CEO -  Letšeng Diamonds (PDMR)

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

Exercise of Nil Cost share options

c)

Currency

GBP - British Pound

d)

Price(s) and volume(s)

Price(s)

Volume(s)

GBP0.9425

10 484

 

e)

Aggregated information

 

Aggregated volume

 

Price

 

 

10 484

 

GBP9 881

f)

Date of the transaction

14 June 2017

g)

Place of the transaction

London Stock Exchange - XLON

 

 

For further information:

 

Gem Diamonds Limited

Susan Wallace, Company Secretarial department

Tel: +44 (0) 203 043 0280

ir@gemdiamonds.com

 

Celicourt Communications

Joanna Boon/Mark Antelme

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. Since Gem Diamonds' acquisition of Letšeng in 2006, the mine has produced four of the 20 largest white gem quality diamonds ever recorded. The Ghaghoo mine in Botswana has been placed on care and maintenance until market conditions allow for recommencement of production. 

 

 www.gemdiamonds.com

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHBLGDLBGBBGRS

Top of Page