Business
Awarding of Performance Share
Awarding of Performance Share.
About this update from Gem Diamonds Limited
[{"type":"text","content":"\n RNS Number : 5171J Gem Diamonds Limited 04 December 2008 \n \n4 December 2008\nGem Diamonds Limited\n('Gem Diamonds' or 'the Company')\n \nLONG TERM INCENTIVE PLAN AWARDS TO DIRECTORS UNDER THE EMPLOYEE SHARE OPTIONS PLAN \n\n \nGem Diamonds (LSE:GEMD) announces the following award of Performance Shares (at a nominal value of US$0.01 each), which has been made on 3 December 2008 to Chief Operating Officer Alan Ashworth under the Employee Share Options Plan (ESOP).\n \nMr Ashworth has today been awarded 19,048 Performance Shares.\n\nFollowing this award, Alan Ashworth holds a total of 43,057 Performance Shares.\n\nThe beneficial shareholding of Alan Ashworth in the Company's Ordinary Shares of US$0.01 each is 10,000 shares.\n \nPerformance Shares under the ESOP vest on the 3rd anniversary of the date of the award subject to achieving performance conditions. Performance Shares which do not vest will lapse.\n \nAndre Confavreux\nCompany Secretary\n \nGem Diamonds Limited\n020 3043 0280\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END RDSTJBPTMMJMBRP \n ","length":2667,"tagName":"div"}]