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Showing posts with the label ruby mining

Gemfields grant of performance share awards!

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  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...

Dev Shetty walk out from Fura Gems

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Until a new CEO is appointed, the board to handle!   Fura Gems Inc. DMCC, a company specializing in colored gemstone mining, has announced that CEO Dev Shetty has resigned to explore new opportunities, said media report. Fura Gems announced that its board of directors will serve as the main decision-making body until a new CEO is appointed. During this period, the current management team will collaborate with the board to handle daily operations. The management team has played a crucial role in Fura’s achievements and is well-equipped to maintain operational stability and uphold the company's high standards. Fura remains dedicated to ensuring a smooth leadership transition, with a continued focus on sustainability, innovation, and delivering value to its partners, customers, and stakeholders.    “The restructuring of our leadership team is a next step in driving forward our strategy, building on the progress made to create a world-class business that meets the evolving ...