Gem Diamonds Limited Appointment of Joint Broker (1278I)
December 07 2015 - 2:00AM
UK Regulatory
TIDMGEMD
RNS Number : 1278I
Gem Diamonds Limited
07 December 2015
7 December 2015
GEM DIAMONDS LIMITED
("Gem Diamonds" or "the Company")
Appointment of Joint Broker
Gem Diamonds Limited (LSE: GEMD) is pleased to announce the
appointment of Panmure Gordon (UK) Limited as Joint Broker to the
Company with immediate effect. Liberum Capital Limited and JP
Morgan Cazenove will continue to act as joint brokers.
For further information:
Gem Diamonds Limited
Sherryn Tedder / Glenn Turner
Tel: +44 (0) 20 3043 0280
Bell Pottinger
Daniel Thole / Anna Legge
Tel :+44 (0) 20 3772 2500
JP Morgan Cazenove
Jamie Riddell
Tel: +44 (0) 20 7134 4726
Liberum Capital Limited
Richard Crawley
Tel: 44 (0) 20 3100 2251
Panmure Gordon (UK) Limited
Adam James
Tel: +44 (0) 20 7886 2500
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 twenty largest white gem
quality diamonds ever recorded.
Gem Diamonds has a growth strategy based on the expansion of the
Letšeng mine and bringing the Ghaghoo mine into production, while
maintaining its strong balance sheet. The Company seeks to maximise
revenue and margin from its rough diamond production by pursuing
cutting, polishing and sales and marketing initiatives further
along the diamond value chain. With favourable supply/demand
dynamics expected to benefit the industry over the medium to long
term, particularly at the high end of the market supplied by Gem
Diamonds, this strategy positions the Company well to generate
attractive returns for shareholders in the coming years.
www.gemdiamonds.com
This information is provided by RNS
The company news service from the London Stock Exchange
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