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\n01 June 2007\n\n\nGem Diamonds Limited\n\n1 June 2007\n\nNews Release\n\n\nAllotment and Issue of Ordinary Shares to Non-Executive Directors\n\nOn 31 May 2007, the Board of Directors of Gem Diamonds Limited ('Gem Diamonds'\nor the 'Company') met and formally approved the allotment and issue of ordinary\nshares in the capital of the Company ('Ordinary Shares') to the Company's three\nNon-Executive Directors on the terms set out in the Prospectus published by the\nCompany on 14 February 2007 and outlined in more detail below. The Ordinary\nShares will be subscribed for at nominal value of US$0.01 each.\n\nNon-Executive Director Number of Ordinary Shares\nRoger Davis 289,326\nGavin Beevers 72,332\nDave Elzas 72,332\n\n\nFor further information:\n\nGem Diamonds Limited Tel: +27 11 325 7652\nGraham Wheelock\nAngela Parr\n\nMerlin Tel: +44 20 7653 6620\nDavid Simonson\nBridget Fury\n\nENDS\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1293,"tagName":"div"}]