Source - RNS
RNS Number : 7709J
Gemfields PLC
30 June 2017
 

Gemfields plc

("Gemfields" or the "Company")

Director's Dealings

30 June 2017 

 

Gemfields (AIM: GEM) announces that on 29 June 2017, the Company received notification from Graham Mascall, a director of the Company (and Non-Executive Chairman), of a dealing relating to the exercise of options and the subsequent sale of the resultant shares, pursuant to the Company's Share Option Scheme.

The exercise of the above options has been satisfied by the Company's block listing arrangements.

Details of the share dealing are as follows:

 

Director

Date of exercise of options and sale of resultant shares

Number of ordinary shares of 1 pence each in the Company issued under exercise and sold

Average sale price

Number of

Ordinary

Shares held following exercise and sale

Shares held as a % of

Current Issued

Share Capital

Graham Mascall

28 June 2017

1,300,000

32.4038 pence per share

150,000

0.03%

 

ENQUIRIES:

Gemfields

[email protected]

JJ Williams, Company Secretary

+44 (0)20 7659 4965

 

 

Grant Thornton UK LLP          

 

Nominated Adviser

 

Philip Secrett/Richard Tonthat/Jamie Barklem

+44 (0)20 7383 5100

 

 

J.P. Morgan Cazenove 

 

Joint Broker

 

Jamie Riddell / James Deal       

+44 (0)20 7742 4000

 

 

BMO Capital Markets Limited

 

Joint Broker

 

Jeff Couch/Neil Haycock/Tom Rider/Jenny Wyllie

+44 (0)20 7236 1010

 

Macquarie Capital (Europe) Limited

Joint Broker

Raj Khatri/Nick Stamp/Guy de Freitas

 

 

 

+44 (0)20 3037 2000

Tavistock

 

Jos Simson/Emily Fenton/Barnaby Hayward

+44 (0)20 7920 3150

 

 

 

Notes to Editors:

Gemfields plc is the world's leading supplier of responsibly sourced coloured gemstones and is quoted on the AIM division of the London Stock Exchange (ticker: GEM).

 

Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world's single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition Gemfields also holds a 50% interest in the Kariba amethyst mine in Zambia, as well as controlling interests in various other gemstone mining and prospecting licenses in Zambia, Mozambique, Ethiopia, Madagascar and Sri Lanka.

 

Gemfields' outright ownership of Fabergé - an iconic and prestigious brand of exceptional heritage - enables Gemfields to optimise positioning, perception and consumer awareness of coloured gemstones, advancing the wider group's "mine and market" vision.

 

Gemfields has developed a proprietary grading system and a pioneering auction and trading platform to provide a consistent supply of quality coloured gemstones to the global downstream markets. This is a key component of the Company's business model which the Directors believe has played an important role in the appropriate distribution and associated resurgence of the global coloured gemstone sector.

 

www.gemfields.co.uk

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Graham Mascall

2

 

Reason for the notification

 

a)

 

Position/status

 

Non-Executive Chairman

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Gemfields plc

b)

 

LEI

 

2138004HLLIYVCFNZO62

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

Ordinary shares of 1 pence each



Identification code

GB00B0HX1083

 


b)

 

Nature of the transaction

 

(1)  Exercise of 1,000,000 Options over Ordinary Shares

(2)  Exercise of 300,000 Options over Ordinary Shares

(3)  Sale of Ordinary Shares

c)

Price(s) and volume(s)

 

Price (s)

Volumes (s)

 

 

(1)  8

(2)  19.95

(3)  32.4038

(4)  1,000,000

(5)  300,000

(6)  1,300,000

 

d)

 

Aggregated information






e)

 

Date of the transaction

 

28 June 2017

f)

 

Place of the transaction

 

(1)  Outside of trading venue

(2)  London Stock Exchange

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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