(Correcting that the share sale was worth R 11.2 million before factoring in the purchase costs of the options, and Suresh didn’t net R 11.2 million.)
Gemfields Group Ltd - London-headquartered gemstones supplier - Chandana Venkata Suresh, director of operations for Africa, sells 3.5 million shares at an average R 3.25 apiece after exercising options. The sale is worth R 11.2 million before factoring in the purchase costs of the options. In April, the company said he exercised 783,100 share options at a price of R 2.97 and 2.7 million share options at a price of R 2.30.
The Gemfields director holds 95,600 shares, representing 0.01% of the company.
Johannesburg current stock price: R 3.20, down 1.5% on Thursday
12-month change: up 94%
London current stock price: 16.15 pence, up 0.9% on Thursday
12-month change: up 89%
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