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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 Gemfields' Tender Offer

21/10/2008 12:55pm

UK Regulatory


    RNS Number : 3445G
  Tanzanite One Limited
  21 October 2008
   


    21 October 2008 

    NOT FOR RELEASE OR PUBLICATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, CANADA OR JAPAN

    TanzaniteOne Responds to Gemfields' Tender Offer


    TanzaniteOne Limited ("TanzaniteOne" or "the Company") (AIM:TNZ) notes that Gemfields Resources plc (AIM: GEM) ("Gemfields") has today
made an unsolicited tender offer to purchase up to 30,754,970 shares of the Company for 42.75 pence in cash on a "first-come, first-served"
basis. Together with shares currently held by Gemfields, full acceptance of the tender offer would cause Gemfields to be interested in
42,423,300 TanzaniteOne shares representing approximately 57 per cent. of the issued share capital of the Company. 

    The Board of TanzaniteOne notes that the Gemfields proposal would allow Gemfields to take control of the Company without making an
appropriate offer to all shareholders. The Board strongly recommends shareholders not to accept the tender offer. A further announcement
will be made in due course.


    For more information, please visit www.tanzaniteone.com or contact:

 Willi Boehm, Company Secretary       Alex Buck, Public Relations
 +61 8 9367 5211                      +44 (0)7932 740 452

 Nick Bias, Investor Relations        Laurence Read, Public Relations
 +44 (0)7887 920 530                  +44 (0)7979 955923


 Nominated Advisor and Joint Broker   Joint Broker
 Evolution Securities                 Ambrian Partners
 Simon Edwards or Neil Elliot         Richard Chase
 +44 (0)20 7071 4300                  +44 (0)20 7634 4700

 Financial Advisor
 Lazard & Co
 Spiro Youakim or Chris Seherr-Thoss
 +44 (0)20 7187 2000

    Each of Lazard & Co., Limited, Evolution Securities and Ambrian Securities is acting for TanzaniteOne and no one else in connection with
the offer referred to above and will not be responsible to any other person for providing the protections afforded to clients of each of
Lazard & Co., Limited, Evolution Securities and Ambrian Securities respectively or for providing advice in relation to the offer referred to
above.


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