3 July 2023
GEM DIAMONDS LIMITED
("Gem Diamonds" or "the Company")
Notifications of transaction by PDMR
The Company announces that on 29 June 2023 Michael Lynch-Bell, the Senior Non-Executive Director of the Company and a person discharging managerial responsibilities ('PDMR'), on the same day purchased 15,000 Ordinary Shares of US$ 0.01 each (the "Ordinary Shares") in the Company at a price of £0.1921 pence per share.
The following disclosure is made in accordance with Article 19(3) of the UK Market Abuse Regulation.
| 1. | Details of PDMR / person closely associated (PCA) | |||||
| a) | Name | Michael Lynch-Bell | ||||
| 2. | Reason for the notification | |||||
| a) | Position / status | Senior Non-Executive Director | ||||
| b) | Initial notification / amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Full name of the entity | Gem Diamonds Limited | ||||
| b) | LEI | 213800RC2PGGMZQG8L67 | ||||
| 4. | Details of the transaction(s) | |||||
| a) | Description of the financial instrument
Identification Code | Gem Diamonds Limited Ordinary Shares of USD 0.01 each
VGG379591065 | ||||
| b) | Nature of the transaction | On-market purchase | ||||
| c) | Currency | GBP - British Pound | ||||
| d) | Price(s) and volume(s) |
| ||||
| e) | Aggregated information Aggregated volume
Price |
15,000
£0.1921 | ||||
| f) | Date of the transaction | 2023-06-29 | ||||
| g) | Place of the transaction | London Stock Exchange | ||||
For further information:
Gem Diamonds Limited
Susan Wallace, Company Secretarial department
Tel: +44 (0) 203 043 0280
Celicourt Communications
Mark Antelme/Felicity Winkles
Tel: +44 (0) 207 770 6424
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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