19th Feb 2009 15:49
19 February 2009
Gem Diamonds Limited
("Gem Diamonds" or the "Company")
Allotment and Issue of Ordinary Shares to a Non-Executive Director
On 19th February 2009, the Share Scheme Committee of the Board of Directors of Gem Diamonds met and formally approved the allotment and issue of a second and final tranche of 72,332 Ordinary Shares in the capital of the Company ("Ordinary Shares") to Mike Salamon, a Non-Executive Director, on the terms set out in the Prospectus published by the Company on 14 February 2007. 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 20 February 2009.
Enquires:
Andre Confavreux
Company Secretary
+44 (0)20 3043 0280
Related Shares:
Gem Diamonds Di