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GEM Gemfields Group Limited

12.00
-0.50 (-4.00%)
Last Updated: 08:00:15
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gemfields Group Limited LSE:GEM London Ordinary Share GG00BG0KTL52 ORD USD0.00001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -4.00% 12.00 11.50 12.50 12.15 12.00 12.00 41,530 08:00:15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 341.11M 56.78M 0.0464 2.59 146.75M

Gemfields PLC Cancellation of admission to trading on AIM (3448M)

28/07/2017 7:00am

UK Regulatory


Gemfields (LSE:GEM)
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TIDMGEM

RNS Number : 3448M

Gemfields PLC

28 July 2017

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

28 July 2017

Notice of cancellation of admission to trading on AIM

Further to the announcement on 30 June 2017 by Gemfields plc ("Gemfields"), the admission to trading on AIM of Gemfields shares has been cancelled with effect from 7:00 a.m. (London time) this morning.

As further detailed in the announcement on 19 July 2017, the Independent Committee of the Board of Gemfields recommends that Gemfields shareholders who have not yet accepted the unsolicited offer from Pallinghurst Resources Limited ("Pallinghurst"), accept immediately so as to receive their new shares in Pallinghurst as consideration for their Gemfields shares at an earlier date than they otherwise would do as part of the compulsory acquisition procedure.

The offer will remain open for acceptance until 1:00 p.m. (London time) on 1 August 2017. The procedure for acceptance of the unsolicited offer from Pallinghurst is set out in the Pallinghurst offer document dated 13 June 2017.

Enquiries

   Grant Thornton UK LLP (Nominated Adviser)                                        +44 20 7383 5100 

Philip Secrett / Richard Tonthat

J.P. Morgan Cazenove +44 20 7742 4000

Jamie Riddell / James Robinson

BMO Capital Markets Limited +44 20 7236 1010

Jeff Couch / Neil Haycock

Macquarie Capital (Europe) Limited +44 20 3037 2000

Raj Khatri / Nick Stamp

Tavistock (PR Adviser) +44 20 7920 3150

Jos Simson / Emily Fenton

Further information

J.P. Morgan Limited, which conducts its UK investment banking business as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), BMO Capital Markets Limited and Macquarie Capital (Europe) Limited are authorised and regulated in the United Kingdom by the Financial Conduct Authority. J.P. Morgan Cazenove, BMO Capital Markets Limited and Macquarie Capital (Europe) Limited are acting as financial advisers exclusively for Gemfields and no one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the matters set out in this announcement and will not be responsible to anyone other than Gemfields for providing the protections afforded to clients of J.P. Morgan Cazenove, BMO Capital Markets Limited and Macquarie Capital (Europe) Limited or their affiliates, or for providing advice in relation to any matter referred to herein.

Grant Thornton UK LLP is authorised and regulated in the United Kingdom by the Financial Conduct Authority and is acting as nominated adviser for Gemfields and no one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the matters set out in this announcement and will not be responsible to anyone other than Gemfields for providing the protections afforded to clients of Grant Thornton UK LLP or for providing advice in relation to any matter referred to herein.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCBSGDRIUDBGRR

(END) Dow Jones Newswires

July 28, 2017 02:00 ET (06:00 GMT)

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