27th Feb 2025 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
Gem Resources Plc
("GEMR" or the "Company")
Director Dealing
Gem Resources Plc (LSE: GEMR), the owner and operator of the Gravelotte Emerald Mine in South Africa, today announces that Peter Redmond, a director and a Person Discharging Managerial Responsibilities purchased a total of 2,000,000 ordinary shares in the Company, in the market, at prices between 0.48p and 0.49p per share over the period 24 to 26 February 2025.
Following the purchases Mr Redmond will have the following interests in Ordinary Shares:
Interest in Ordinary Shares (Number)
| Interest in Ordinary Shares (Percentage)
|
8,026,281 | 2.65 |
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||
a) | Name | Peter Redmond
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2. | Reason for the Notification | |||||||||||
a) | Position/status | PDMR
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b) | Initial notification / Amendment | Initial notification
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||
a) | Name | Gem Resources Plc
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b) | LEI | 213800U6Z250COBY7781
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4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||||
a) | Description of the Financial instrument, type of instrument | Ordinary Shares of £0.0001 | ||||||||||
Identification Code | GB00BL979W39
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b) | Nature of the transaction | Market Purchase
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c) | Price(s) and volume(s) |
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d) | Aggregated information: Aggregated volume Price |
2,000,000 Ordinary Shares 0.487 pence per Ordinary Share
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e) | Dates of the transactions | 24-26 February 2025
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f) | Place of the transactions | London | ||||||||||
Enquiries:
Gem Resources Plc Chief Executive Officer Bernard Olivier
Executive Director Peter Redmond
Chief Operating OfficerJeremy Sturgess-Smith
| +44 (0)746 368 6497
|
Peterhouse Capital Limited Joint Corporate Broker Lucy Williams Duncan Vasey
Capital Plus Partners Joint Corporate Broker Jon Critchley | +44 (0)20 7469 0930
+44 (0)203 821 6169
|
About Gem Resources Plc ("GEMR")
GEMR is an emerging emerald producer, focusing on the Gravelotte Emerald Mine. Historically, GEMR is one of the world's largest emerald mines, located in South Africa. The Company is committed to sustainable and efficient mining practices, utilizing modern technology to revive this historically significant emerald mine. The Company has also acquired the Curlew Emerald Mine in Australia, further expanding its emerald mining operations and assets.
For more information about Gem Resources Plc, including investor relations and corporate news, please visit our website at www.gemresources.co.uk. Interested parties are also invited to sign-up for our newsletter via our website.