Stocktube video
29/03/2012

Gemfields CEO says "this is just the beginning"

View full size
Additional Information
Market: AIM
Sector: General Mining - Diamonds & Gemstones
EPIC: GEM
Latest Price: 39.50p  (3.27% Ascending)
52-week High: 45.00p
52-week Low: 16.50p
Market Cap: 128.23M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Is GEM a Buy, Sell or Hold?Get your FREE analysis of GEM
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Gemfields
www.gemfields.co.uk

Gemfields is one of the world´s leading coloured gemstone companies. With a strong focus on Zambian emeralds, Gemfields mines, processes and markets both rough and polished gemstones internationally. Gemfields prides itself on its unique ability to bring ethically produced, conflict-free gemstones of certified provenance directly from mine to market on an integrated basis.
 
In order to support and influence the entire channel from mine to market, Gemfields is in the process of setting up state-of-the-art Cutting and Polishing facilities with cutting-edge technologies and will offer consumers vast quantities of emeralds in calibrated sizes, high precision and special cuts and large collections of Suites, Pairs, matching earring sets. We will also venture into co-branding projects with large, reputed retailers, most notably the company has acquired a worldwide exclusive 15 year licence to use the Fabergé brand name for coloured Gemstones

Full Gemfields profile here
All RNS Press Releases

RNS Release - Grant of Share Options to Executive Directors

3rd Jan 2012, 7:00 am


Gemfields Plc

("Gemfields" or "the Company")

Grant of Share Options to Executive Directors

7:00am, Tuesday 03 January 2012

Gemfields (AIM: GEM) announces the grant of stock options to the executive
directors, Ian Timothy Harebottle and Devidas Shetty. At its meeting on 30
September 2011, the Board of Directors of Gemfields, resolved, with effect from
1 January 2012, to grant share options over 600,000 shares to Ian Timothy
Harebottle and share options over 500,000 shares to Devidas Shetty at an
exercise price of 19.95 pence per ordinary share (the "Grants"). The exercise
price of 19.95pence per share was calculated by reference to the
volume-weighted average traded price per ordinary share in the capital of the
Company during the 30 days ending on 30 September 2011. These options were
granted to the executive directors under the Stock Option Scheme 2010 approved
by the AGM on 21 December 2010. The options are exercisable one-third equally
over the period of 3 years and have tenure of 10 years from the date of grant

Following the Grants, Ian Harebottle and Devidas Shetty have 2,550,000 shares
and 1,750,000 shares under option respectively.

Following the Grants, the total number of shares outstanding under option
arrangements will be 11,745,000 shares representing 3.62 per cent of the Company's
issued share capital of which the number granted to the Directors is 6,500,000
shares representing 2.00 per cent of the Company's issued share capital.

Enquiries:

Dev Shetty, CFO dev.shetty@gemfields.co.uk

Gemfields Plc Tel: +44 (0)20 7518 3402

Tarica Mpinga/Andrew Chubb Tel: +44 (0)20 7050 6500

Canaccord Genuity Limited

Neil Passmore Tel: +44 (0)20 7155 8630

JP Morgan Cazenove

Jos Simson/Lydia Eades Tel: +44 (0)20 7920 3150

Tavistock Communication



END

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.