Director/PDMR Shareholding
Gem Diamonds Limited announced on April 23, 2026, that options over ordinary shares with a nominal exercise price of USD 0.01 have been granted to Directors/PDMRs under the Company's Employee Share Option Plan 2017. Specifically, Clifford Elphick, the Chief Executive Officer, was awarded 1,007,500 performance shares, and Michael Michael, the Chief Financial Officer, received 664,909 performance shares. These awards are part of the Gem Diamonds Incentive Plan, integrating annual bonus awards with share options, and were granted for nil consideration outside a trading venue on April 21, 2026.
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Options over ordinary shares with a nominal value exercise price of USD 0.01 per share have been granted on 21 April 2026 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 | 1,007,500 |
| Michael Michael | 664,909 |
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 1,007,500 |
| e) | Aggregated information Aggregated volume Price | 1,007,500 Nil |
| f) | Date of the transaction | 2026-04-21 |
| 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 664,909 |
| e) | Aggregated information Aggregated volume Price | 664,909 Nil |
| f) | Date of the transaction | 2026-04-21 |
| g) | Place of the transaction | Outside a trading venue |
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