Gemfields grant of performance share awards!
Under Long Term Incentive Plan and PDMR Shareholders are advised that the Company has awarded a total of 48,853,247 performance shares in the form of nominal cost options (Performance Shares) under the Gemfields Group Limited Long Term Incentive Plan 2023 (LTIP) to two Executive Directors and a number of senior employees including persons discharging managerial responsibilities (PDMRs). The Performance Shares equate to 2.83% of the issued share capital in aggregate. The vesting of the Performance Shares is conditional on meeting performance conditions measured over a three-year period as described below. If the performance conditions are met, the awards will vest on the third anniversary of grant and are subject to a two-year post-vesting holding period and to conventional malus and clawback provisions. The LTIP was approved by shareholders at the Company’s AGM on 27 June 2023. Prior to today’s award, 11,823,851 performance shares, als...