Notifications of transactions by PDMRs
CEO and CFO granted share options totalling 1,688,842 shares under the Employee Share Option Plan 2017.
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Options over ordinary shares with a nominal value exercise price of US$0.01 per share have been granted on 10 April 2025 to Directors/PDMRs of the Company under the Company's Employee Share Option Plan 2017, as detailed below.
| Name of Director / PDMR | Number of Performance Shares awarded |
|---|---|
| Clifford Elphick | 989,986 |
| Michael Michael | 698,856 |
Options have been granted in accordance with the Company's approved 2024 remuneration policy, as part of the Gem Diamonds Incentive Plan ("GDIP") which integrates 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 989,986 |
| e) | Aggregated information Aggregated volume Price | 989,986 Nil |
| f) | Date of the transaction | 2025-04-10 |
| 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 698,856 |
| e) | Aggregated information Aggregated volume Price | 698,856 Nil |
| f) | Date of the transaction | 2025-04-10 |
| g) | Place of the transaction | Outside a trading venue |
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