Gemfields Resources Plc
Block Listing Review and Block Admission
23 July 2009
Gemfields plc ("Gemfields" or "the Company", AIM: "GEM") announces that an
application has been made by the Company to the AIM Market of the London Stock
Exchange plc for an increase in its existing Employee Share Option Scheme block
listing by the block admission of up to 2,210,000 common shares which may be
issued pursuant to the exercise of options in the Company's Employee Share
Option Scheme into 2,210,000 common shares of the Company. 1,950,000.00 of
these share options were granted on 11 February 2009 to Mr. Ian Harebottle,
Chief Executive Officer, as part of his long-term incentive package. The
options granted to Mr. Harebottle have a 10 year term and were granted in three
tranches of 650,000 options exercisable at £0.15; £0.25 and £0.35 and vest in
2010, 2011 and 2012 respectively.
The Company has an issued share capital of 324,114,883 common shares, none of
which are held in treasury.
Block Admission Return
Name of scheme: Employee Share Option Scheme
Period of return: 25 January 2009 - 25 July 2009
Balance under scheme from previous 12,590,000
return:
The amount by which the block scheme 2,210,000
has been increased, if the scheme has
been increased since the date of the
last return:
Number of securities issued/allotted nil
under scheme during period:
Number of securities under the scheme 756,666
which expired during the period:
Balance under scheme not yet issued/ 14,043,334
allotted at end of period:
Number and class of securities 309,152,740 ordinary shares of 1p on 6
originally listed and the date of June 2008
admission:
Total number of securities in issue at 324,114,883
the end of the period:
For more information:
Richard James, CFO richard.james@gemfields.co.uk
Gemfields Plc Tel: +44 (0)20 7518 3402
Mike Jones/Tarica Mpinga +44 (0)20 7050 6500
Canaccord Adams Limited