1st Jun 2007 10:55
Gem Diamonds Limited01 June 2007 Gem Diamonds Limited 1 June 2007 News Release Allotment and Issue of Ordinary Shares to Non-Executive Directors On 31 May 2007, the Board of Directors of Gem Diamonds Limited ("Gem Diamonds"or the "Company") met and formally approved the allotment and issue of ordinaryshares in the capital of the Company ("Ordinary Shares") to the Company's threeNon-Executive Directors on the terms set out in the Prospectus published by theCompany on 14 February 2007 and outlined in more detail below. The OrdinaryShares will be subscribed for at nominal value of US$0.01 each. Non-Executive Director Number of Ordinary SharesRoger Davis 289,326Gavin Beevers 72,332Dave Elzas 72,332 For further information: Gem Diamonds Limited Tel: +27 11 325 7652Graham WheelockAngela Parr Merlin Tel: +44 20 7653 6620David SimonsonBridget Fury ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Gem Diamonds Di