24 April 2017
GEM DIAMONDS LIMITED
("Gem Diamonds" or the "Company")
Notifications of transactions by a PDMR
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Gem Diamonds (LSE: GEMD) received notification on 21 April 2017 that Mr Brandon de Bruin had exercised options over 40,354 shares of US$ 0.01 each. The Nil Cost options were issued pursuant to the Gem Diamond Long Term Incentive Plan 2007. �Mr de Bruin sold 20,000 shares, at a price of �0.87 per share�to cover tax costs.
Mr de Bruin now holds 20�354 shares (0.01%).�
As a result of this exercise of options, the Company's issued share capital is 138,479,653 Ordinary Shares of US$ 0.01 each, all with voting rights.
The above figure (138,479,653) 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 notifications are set out below.
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�1. |
Details of PDMR / person closely associated (PCA) |
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a) |
Name |
Brandon de Bruin |
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2. |
Reason for the notification |
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a) |
Position / status |
Group Sales and Marketing Executive -� Gem Diamonds Technical Services (Pty) Ltd (PDMR) |
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b) |
Initial notification / amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Full name of the entity |
Gem Diamonds Limited |
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b) |
LEI |
213800RC2PGGMZQG8L67 |
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4. |
Details of the transaction(s) |
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a) |
Description of the financial instrument � Identification Code |
Gem Diamonds Limited Ordinary Shares of USD 0.01 each � � VGG379591065 |
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b) |
Nature of the transaction |
Exercise of Nil Cost share options |
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c) |
Currency |
GBP - British Pound |
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d) |
Price(s) and volume(s) |
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e) |
Aggregated information � Aggregated volume � Price |
� � 40,354 � GBP35 612.41 |
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f) |
Date of the transaction |
21 April 2017 |
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g) |
Place of the transaction |
London Stock Exchange - XLON |
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1. |
Details of PDMR / person closely associated (PCA) |
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a) |
Name |
Brandon de Bruin |
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2. |
Reason for the notification |
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a) |
Position / status |
Group Sales and Marketing Executive - Gem Diamonds Technical Services (Pty) Ltd (PDMR) |
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b) |
Initial notification / amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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|
a) |
Full name of the entity |
Gem Diamonds Limited |
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b) |
LEI |
213800RC2PGGMZQG8L67 |
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4. |
Details of the transaction(s) |
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a) |
Description of the financial instrument
Identification Code |
Gem Diamonds Limited Ordinary Shares of USD 0.01 each
VGG379591065 |
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b) |
Nature of the transaction |
Sale of shares |
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c) |
Currency |
GBP - British Pound |
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d) |
Price(s) and volume(s) |
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e) |
Aggregated information
Aggregated volume
Price |
20,000
GBP17,346.76 |
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f) |
Date of the transaction |
21 April 2017 |
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g) |
Place of the transaction |
London Stock Exchange - XLON |
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For further information:
Gem Diamonds Limited
Susan Wallace, Company Secretarial department
Tel: +44 (0) 203 043 0280
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