Gem Diamonds Limited Holding(s) in Company (4604F)

TIDMGEMD

RNS Number : 4604F

Gem Diamonds Limited

17 May 2017

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
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 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): 
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 An acquisition or disposal of voting rights                                       ü 
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 An acquisition or disposal of qualifying financial instruments 
  which may result in the acquisition of shares already issued to 
  which voting rights are attached 
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 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                                      FMR LLC 
  to the 
  notification obligation: (iii) 
---------------------------------------------------------------------  ------------------------- 
 4. Full name of shareholder(s)                                         See Section 9 
  (if different from 3.):(iv) 
---------------------------------------------------------------------  ------------------------- 
 5. Date of the transaction and date                                    16 May 2017 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
---------------------------------------------------------------------  ------------------------- 
 6. Date on which issuer notified:                                      17 May 2017 
---------------------------------------------------------------------  ------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                    5% 
---------------------------------------------------------------------  ------------------------- 
 
 
 
 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 
-------------  ----------------  ----------------  --------------  ----------------------  --------------------------- 
                                                    Indirect        Direct     Indirect     Direct        Indirect 
                                                                    (xi)        (xii) 
-------------      ------------    ------------    --------------  ---------  -----------  ------------  ------------- 
 VGG379591065          Below 5%          Below 5%       7,129,671               7,129,671                        5.14% 
               ----------------  ----------------  --------------  ---------  -----------  ------------  ------------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration      Exercise/                         Number of voting          % of voting 
 financial           date (xiii)     Conversion Period                 rights that may           rights 
 instrument                          (xiv)                             be 
                                                                       acquired if the 
                                                                       instrument is 
                                                                       exercised/ converted. 
-----------------  --------------  --------------------------------  ------------------------  ----------------------- 
 
 
 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) 
---------------  --------------  --------------  ----------------  ------------------------  ------------------------- 
                                                                                              Nominal       Delta 
---------------  --------------  --------------  ----------------  ------------------------  ------------  ----------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                              Percentage of voting rights 
---------------------------------------------------  ----------------------------------------------------------------- 
                                          7,129,671                                                              5.14% 
---------------------------------------------------  ----------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
---------------------------------------------------------------------------------------------------------------------- 
   Controlled Undertaking                            Percentage Holding 
    FIAM LLC                                                        0.69 
    Fidelity Institutional Asset Management Trust 
     Company                                                        1.80 
    FIDELITY MANAGEMENT & RESEARCH (JAPAN) LIMITED                  2.65 
    Grand Total                                                     5.14 
   ------------------------------------------------  ------------------- 
---------------------------------------------------------------------------------------------------------------------- 
 
 Proxy Voting: 
---------------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
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 11. Number of voting rights proxy holder will 
  acquire/ cease to hold: 
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 12. Date on which proxy holder will acquire/ 
  cease to hold voting rights: 
---------------------------------------------------------------------------  ----------------------------------------- 
 
 13. Additional information:                                                N/A 
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 14. Contact name:                                                          Sally-Ann Hatton 
-------------------------------------------------------------------------  ------------------------------------------- 
 15. Contact telephone number:                                             [e-mail], 01737 837148 
 
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This information is provided by RNS

The company news service from the London Stock Exchange

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May 17, 2017 11:03 ET (15:03 GMT)