Business
Issue of shares to Directors
Issue of shares to Directors.
About this update from Gem Diamonds Limited
[{"type":"text","content":"\n Gem Diamonds Limited\n20 February 2008\n\nGem Diamonds Ltd\n\nAllotment and Issue of Ordinary Shares to Non-Executive Directors\n\n\nOn 19th February 2008, the Board of Directors of Gem Diamonds Limited ('Gem\nDiamonds' or the 'Company') met and formally approved the allotment and issue of\n506,322 ordinary shares in the capital of the Company ('Ordinary Shares') to\nfour of the Company's Non-Executive Directors on the terms set out in the\nProspectus published by the Company on 14 February 2007 and outlined in more\ndetail below. The Ordinary Shares will be subscribed for at a nominal value of\nUS$0.01 each.\n\n\n\nApplication has been made to the FSA and the London Stock Exchange for listing\nand trading of the shares as at 25th February 2008.\n\n\n\n\n\nNon-Executive Director Number of Ordinary Shares\n\nRoger Davis (2nd tranche) 289,326\n\nGavin Beevers (2nd tranche) 72,332\n\nDave Elzas (2nd tranche) 72,332\n\nMike Salamon (1st tranche) 72,332\n\n\n\nFor further information:\n\n\n\nGem Diamonds Limited\n\n\n\nTel: 020 3043 0280\n\n\n\nAndre Confavreux\n\nCompany Secretary\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1548,"tagName":"div"}]