30 September 2016
GEM DIAMONDS LIMITED
("Gem Diamonds" or the "Company")
Total Voting Rights
As at 30 September 2016 the Company's issued share capital consisted of 138,353,726 Ordinary Shares of US$ 0.01 each. The Company holds no Ordinary Shares in Treasury.
The total number of voting rights in the Company is therefore 138,353,726. This figure 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.
For further information:
Gem Diamonds Limited
Juliet Kirk, Assistant to the Company Secretary
Tel: +44 (0) 203 043 0280
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.
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.
This information is provided by RNS