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GEM Gemfields Group Limited

5.65
0.30 (5.61%)
31 Jan 2025 - Closed
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
  0.30 5.61% 5.65 5.50 5.80 5.65 5.35 5.35 172,049 15:12:51
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 262.02M -10.09M -0.0083 -6.81 65.43M

Response to Amari Resources announcement on T1

03/12/2008 2:30pm

UK Regulatory


    RNS Number : 4836J
  Gemfields Resources PLC
  03 December 2008
   


    Gemfields Resources Plc ("Gemfields")


    South African Exchange Controls relating to the TanzaniteOne Limited B Share Scheme


    03 December 2008, Gemfields Resources Plc ("Gemfields")(AIM:GEM) has noted the news release on the Amari Resources' website in relation
to the South African Reserve Bank letter dated 27 November 2008 addressed to Amarivest Limited ("Amarivest") with respect to the issue by
TanzaniteOne Limited ("T1") of 83,739,976 nil paid voting and unlisted B shares.

    As a fellow shareholder of T1, Gemfields shares the concerns raised by Amarivest and confirms that it is, together with Amarivest and
Pallinghurst Resources (Guernsey) Ltd, considering the requisition of a T1 Special General Meeting for the purpose of considering the
removal of Mr. Edward Nealon, Mr Nicholas Sibley and Mr Bernard Olivier from their office as directors of T1 and the re-appointment of Mr
Mark Summers and Mr Ian Harebottle as directors of T1.



    Enquiries:

    Richard James, CFO  Tel: +44 (0)20 7016 9416  
    Gemfields Resources Plc

    Gerard Kisbey-Green/Paul Gray/Avital Lobel     Tel: +44 (0)20 7597 4000 
    Investec Bank (UK) Limited  
    Financial Adviser to Gemfields

    Mike Jones/Tarica Mpinga Tel: +44 (0)20 7050 6500
    Canaccord Adams Ltd
    Nominated Adviser and Joint Broker to Gemfields

    Gemfields Press Enquiries 
    Charlie Geller/Ed Portman  Tel: +44 (0)20 7429 6666
    Conduit PR




This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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