Gem Diamonds Limited Notification of transactions by a PDMR (4756Z)

TIDMGEMD

RNS Number : 4756Z

Gem Diamonds Limited

21 September 2020

GEM DIAMONDS LIMITED

("Gem Diamonds" or the "Company")

Notification of transactions by a PDMR

The Company announces that on 18 September 2020, Michael Michael, Chief Financial Officer of the Company, exercised options of 44,076 shares of US$ 0.01 each. Mr Michael has retained all the shares. The Nil Cost options were issued pursuant to the Gem Diamonds Employee Share Option Plan 2017.

 
 Name of Director/PDMR    Number of ordinary   Number of ordinary     % of total ordinary 
                           shares held          shares held after      shares in issue 
                           prior to exercise    exercise of options    after purchase 
                           of options 
 Michael Michael          127,773              171,849                0.12% 
                         -------------------  ---------------------  --------------------

The following disclosure is made in accordance with Article 19(3) of the EU Market Abuse Regulation.

 
 1.   Details of PDMR 
 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 ("Shares") 
       Identification Code         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) 
                                    0.00       44,076 
     --------------------------  ---------------------------------------- 
 e)   Aggregated information       N/A 
       Aggregated volume            N/A 
       Price 
     --------------------------  ---------------------------------------- 
 f)   Date of the transaction     2020-09-18 
     --------------------------  ---------------------------------------- 
 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/Ollie Mills

Tel: +44 (0) 208 434 2643

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 is currently in the process of selling its 100% share 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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END

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