17 April 2024
GEM DIAMONDS LIMITED
("Gem Diamonds" or the "Company")
Notifications of transactions by PDMRs
Options over ordinary shares with a nominal value exercise price of US$0.01 per share have been granted on 17 April 2024 to Directors/PDMRs of the Company under the Company's Employee Share Option Plan 2017 as set out in the 2023 Directors Remuneration Report and detailed below.
| Name of Director / PDMR | Number of Performance Shares awarded |
| Clifford Elphick | 783,534 |
| Michael Michael | 539,853 |
Options have been granted in accordance with the Company's approved 2021 remuneration policy, which introduced the Gem Diamonds Incentive Plan ("GDIP"), integrating annual bonus awards under the Short-term incentive bonus plan with awards under the Employee Share Option Plan 2017.
The following disclosure is made in accordance with Article 19(3) of the UK 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) |
| ||||
| e) | Aggregated information
Aggregated volume
Price |
783,534
Nil | ||||
| f) | Date of the transaction | 2024-04-17 | ||||
| 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) |
| ||||
| e) | Aggregated information Aggregated volume
Price |
539,853
Nil | ||||
| f) | Date of the transaction | 2024-04-17 | ||||
| g) | Place of the transaction | Outside a trading venue | ||||
For further information:
Gem Diamonds
Gem Diamonds Limited
Kiki Constantopoulos, Company Secretary
Tel: +44 (0) 203 043 0280
ir@gemdiamonds.com
Celicourt Communications
Mark Antelme / Felicity Winkles
Tel: +44 (0) 207 777 6424
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. 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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