Appointment of Non-Executive Director


Gem Diamonds (LSE: GEMD) is pleased to announce the appointment of Ms Mazvi Maharasoa as a Non-Executive Director. Ms Maharasoa’s appointment will take effect from 1 July 2019.

Ms Maharasoa has over 20 years' of senior management experience of which 10 years were spent in the mining sector with her appointment as the Chief Executive Officer of Letšeng Diamonds (Pty) Ltd (2009 to 2017) following serving for two years as its Resident Director (2007 to 2009).  Ms Maharasoa was also the Founder and  President of the Lesotho Chamber of Mines (2016). Prior to Ms Maharasoa’s involvement in the mining sector, she worked in the Ministry of Natural Resources and the Central Bank of Lesotho, where she was the senior legal counsel for each of these entities.

Harry Kenyon-Slaney, Chairman of Gem Diamonds, commented

“We are delighted to welcome Mazvi Maharasoa to the Board of Gem Diamonds and are confident that her skills and experience in the fields of mining and resources and corporate governance will add great value to the Board.”

Ms Maharasoa holds an LLM (International and Commercial Law) ​from the University of Buckingham (UK) (1997). Ms Maharasoa is currently a Non-Executive Director of  Stanlib Lesotho (Pty) Ltd and Intellectual Disabilities and Autism Lesotho. She has also established an advisory firm that specializes in corporate governance practice and advice.

No other information in connection with Ms M Maharasoa’s appointment is required to be disclosed pursuant to LR 9.6.13R.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67.

For further information:
Gem Diamonds
Susan Wallace, Company Secretarial department

Celicourt Communications
Mark Antelme / Jimmy Lea
Tel: +44 (0) 207 520 9261

About Gem Diamonds:
Gem Diamonds is a leading global diamond producer of high value diamonds. The Company owns 70% of the Letšeng mine in Lesotho. The Letšeng mine is famous for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world.