Gem Diamonds Limited Holding(s) in Company (4070C)

TIDMGEMD

RNS Number : 4070C

Gem Diamonds Limited

19 January 2018

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
----------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                            GEM DIAMONDS LTD 
  the underlying 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)                                        SUSTAINABLE CAPITAL LTD 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ---------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ---------------------------- 
 5. Date of the transaction                                               12 JANUARY 2018 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ---------------------------- 
 6. Date on which issuer                                                  15 JANUARY 2018 
  notified: 
-----------------------------------------------------------  ---------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                   4% 
-----------------------------------------------------------  ---------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------ 
 Class/type       Situation previous                 Resulting situation after the 
  of               to the triggering                  triggering transaction 
  shares           transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
---------------  ---------------------------------  -------------------------------------------------------------------- 
                  Number           Number            Number            Number of                % of voting 
                   of               of                of shares         voting                   rights (x) 
                   Shares           Voting                              rights 
                                    Rights 
-------------    ---------------  ----------------  ----------------  -----------------------  ------------------------- 
                                                     Direct            Direct        Indirect   Direct        Indirect 
                                                                        (xi)          (xii) 
-------------      -----------      ------------    ----------------  ------------  ---------  ------------  ----------- 
 VGG379591065     4,316,958        4,316,958         5,700,237         5,700,237                4.11% 
                 ---------------  ----------------  ----------------  ------------  ---------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------ 
 Type of            Expiration       Exercise/                       Number of voting               % of voting 
 financial           date             Conversion                      rights that                    rights 
 instrument          (xiii)           Period (xiv)                    may 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 
 financial      price            date              Conversion       rights instrument              rights (xix, 
 instrument                      (xvii)            period           refers to                      xx) 
                                                   (xviii) 
-------------  ---------------  ----------------  --------------  -----------------------------  ----------------------- 
                                                                                                  Nominal       Delta 
-------------  ---------------  ----------------  --------------  -----------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                           Percentage of voting rights 
----------------------------------------------------------------  ------------------------------------------------------ 
 5,700,237                                                         4.11% 
----------------------------------------------------------------  ------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
---------------------------------------------------------------------------------- 
 
                         HSBC FUND SERVICES CLIENTS A/C 006 
                                    HSBC BANK PLC 
 
 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:                                              MAHARISHI RAMKORUN 
-------------------------------------------------------------  ------------------- 
 15. Contact telephone number:                                        [phone] 
-------------------------------------------------------------  ------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 19, 2018 06:33 ET (11:33 GMT)