Notifications of transactions by PDMRs
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Options over ordinary shares with a nominal value exercise price of US$0.01 per share have been granted on 17 April 2024 to Directors/PDMRs of the Company under the Company's Employee Share Option Plan 2017 as set out in the 2023 Directors Remuneration Report and detailed below.
| Name of Director / PDMR | Number of Performance Shares awarded |
|---|---|
| Clifford Elphick | 783,534 |
| Michael Michael | 539,853 |
Options have been granted in accordance with the Company's approved 2021 remuneration policy, which introduced the Gem Diamonds Incentive Plan ("GDIP"), integrating annual bonus awards under the Short-term incentive bonus plan with awards under the Employee Share Option Plan 2017.
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 | Clifford Elphick |
| 2. | Reason for the notification | |
| a) | Position / status | Chief Executive Officer |
| b) | Initial notification / amendment | Initial notification |
| 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 ("Shares") VGG379591065 |
| b) | Nature of the transaction | Award of options over Shares with an exercise price of USD 0.01 per Share under the terms of the Gem Diamonds Limited Employee Share Option Plan 2017, for nil-consideration. |
| c) | Currency | GBP - British Pound |
| d) | Price(s) and volume(s) | Price(s) Volume(s) Nil 783,534 |
| e) | Aggregated information Aggregated volume Price | 783,534 Nil |
| f) | Date of the transaction | 2024-04-17 |
| g) | Place of the transaction | Outside a trading venue |
| 1. | Details of PDMR / person closely associated (PCA) | |
| a) | Name | Michael Michael |
| 2. | Reason for the notification | |
| a) | Position / status | Chief Financial Officer |
| b) | Initial notification / amendment | Initial notification |
| 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 | Award of options over Shares with an exercise price of USD 0.01 per Share under the terms of the Gem Diamonds Limited Employee Share Option Plan 2017, for nil consideration. |
| c) | Currency | GBP - British Pound |
| d) | Price(s) and volume(s) | Price(s) Volume(s) Nil 539,853 |
| e) | Aggregated information Aggregated volume Price | 539,853 Nil |
| f) | Date of the transaction | 2024-04-17 |
| g) | Place of the transaction | Outside a trading venue |
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