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| 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 |
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RNS Number : 9002H
Tanzanite One Limited
11 November 2008
11 November 2008
TanzaniteOne Response to the Lapse of Gemfields' Tender Offer
TanzaniteOne Limited ("TanzaniteOne" or "the Company") (AIM:TNZ) notes today's statement by Gemfields Resources plc ("Gemfields")
(AIM:GEM) that its tender offer for the purchase of up to 30,754,970 of TanzaniteOne common shares has lapsed.
As outlined in TanzaniteOne's letter to shareholders on 4 November 2008, the Board will be writing to shareholders shortly concerning
the introduction of appropriate takeover protection into its Bye-laws (to ensure that any future offer for control of the Company would have
to treat all TanzaniteOne shareholders equally) and to provide an update on the tsavorite transaction.
Commenting on today's announcement, Ami Mpungwe, Chairman of TanzaniteOne said "TanzaniteOne has a clear growth strategy, which is
targeting an increase in production to over 3.1 million carats of tanzanite by 2011 and gemstone diversification, with the impending
completion of the tsavorite acquisition. We have an excellent team in place to deliver on this strategy and to fulfil our ultimate ambition
to become the world's largest producer and supplier of premium coloured gemstones."
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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