Gem Diamonds Limited
20 February 2008
Gem Diamonds Ltd
Allotment and Issue of Ordinary Shares to Non-Executive Directors
On 19th February 2008, the Board of Directors of Gem Diamonds Limited ('Gem
Diamonds' or the 'Company') met and formally approved the allotment and issue of
506,322 ordinary shares in the capital of the Company ('Ordinary Shares') to
four of the Company's Non-Executive Directors on the terms set out in the
Prospectus published by the Company on 14 February 2007 and outlined in more
detail below. The Ordinary Shares will be subscribed for at a nominal value of
US$0.01 each.
Application has been made to the FSA and the London Stock Exchange for listing
and trading of the shares as at 25th February 2008.
Non-Executive Director Number of Ordinary Shares
Roger Davis (2nd tranche) 289,326
Gavin Beevers (2nd tranche) 72,332
Dave Elzas (2nd tranche) 72,332
Mike Salamon (1st tranche) 72,332
For further information:
Gem Diamonds Limited
Tel: 020 3043 0280
Andre Confavreux
Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange