Gem Diamonds Limited TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (2107I)

TIDMGEMD

RNS Number : 2107I

Gem Diamonds Limited

23 March 2015

 
 For filings with the FCA include the 
  annex 
 For filings with issuer exclude the 
  annex 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying                                             Gem Diamonds Limited 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: (ii) 
------------------------------------------------------------------------------  -------------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
---------------------------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                                         X 
----------------------------------------------------------------------------------  ---------------------------------- 
 An acquisition or disposal of qualifying financial instruments 
  which may result in the acquisition of shares already issued to 
  which voting rights are attached 
----------------------------------------------------------------------------------  ---------------------------------- 
 An acquisition or disposal of instruments with similar economic 
  effect to qualifying financial instruments 
----------------------------------------------------------------------------------  ---------------------------------- 
 An event changing the breakdown of voting rights 
----------------------------------------------------------------------------------  ---------------------------------- 
 Other (please 
  specify): 
------------------------------------------------------------------------  --------  ---------------------------------- 
 3. Full name of person(s) subject                                               The Capital Group Companies, Inc. 
  to the 
  notification obligation: (iii) 
--------------------------------------------------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s)                                                           See Schedule A 
  (if different from 3.):(iv) 
--------------------------------------------------------------------------  ------------------------------------------ 
 5. Date of the transaction and date                                                       19 March 2015 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------------------------------------  ------------------------------------------ 
 6. Date on which issuer notified:                                                         20 March 2015 
--------------------------------------------------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are crossed                                                         Below 4% 
  or 
  reached: (vi, vii) 
--------------------------------------------------------------------------  ------------------------------------------ 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type       Situation previous                Resulting situation after the triggering 
  of               to the triggering                 transaction 
  shares           transaction 
 
  if possible 
  using 
  the ISIN CODE 
---------------  --------------------------------  ------------------------------------------------------------------- 
                  Number           Number           Number          Number of voting        % of voting rights 
                   of               of               of shares       rights                  (x) 
                   Shares           Voting 
                                    Rights 
---------------  ---------------  ---------------  --------------  ----------------------  --------------------------- 
                                                    Direct          Direct     Indirect     Direct        Indirect 
                                                                    (xi)        (xii) 
---------------      -----------    -----------    --------------  ---------  -----------  ------------  ------------- 
    Ordinary 
 (VGG379591065)     6,853,684        6,853,684                                 4,848,594                    3.5066% 
                 ---------------  ---------------  --------------  ---------  -----------  ------------  ------------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of financial    Expiration     Exercise/                        Number of voting          % of voting 
  instrument           date (xiii)    Conversion Period                rights that may           rights 
                                      (xiv)                            be 
                                                                       acquired if the 
                                                                       instrument is 
                                                                       exercised/ converted. 
-------------------  -------------  -------------------------------  ------------------------  ----------------------- 
        n/a 
-------------------  -------------  -------------------------------  ------------------------  ----------------------- 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of            Exercise       Expiration     Exercise/         Number of voting          % of voting rights 
 financial           price         date (xvii)    Conversion         rights instrument         (xix, xx) 
 instrument                                       period             refers to 
                                                  (xviii) 
-----------------  -------------  -------------  ----------------  ------------------------  ------------------------- 
       n/a                                                                                    Nominal       Delta 
-----------------  -------------  -------------  ----------------  ------------------------  ------------  ----------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                              Percentage of voting rights 
---------------------------------------------------  ----------------------------------------------------------------- 
                     4,848,594                                                    3.5066% 
---------------------------------------------------  ----------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
--------------------------------------------------------------------------------- 
 
   See Schedule A 
 
 Proxy Voting: 
--------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
----------------------------------------------------------------------------- 
 11. Number of voting rights proxy holder will 
  cease 
  to hold: 
----------------------------------------------------------------------------- 
 12. Date on which proxy holder will cease to 
  hold 
  voting rights: 
----------------------------------------------------------------------------- 
 
 
  13. Additional information: 
---------------------------------------------------------------------------  ---- 
 14. Contact name: 
---------------------------------------------------------------------------  ---- 
 15. Contact telephone number: 
---------------------------------------------------------------------------  ---- 
 
 

Schedule A

As of 19 March 2015

Gem Diamonds Limited

                                                                                                                           Number of                    Percent of 
                                                                                                                           Shares                          Outstanding 

The Capital Group Companies, Inc. ("CG") holdings 4,848,594 3.507%

Holdings by CG Management Companies and Funds:

-- Capital Research and Management Company 4,848,594 3.507%

   --      SMALLCAP World Fund, Inc. 

This information is provided by RNS

The company news service from the London Stock Exchange

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