Withdrawal of Proposed Offer

 

TIDMGEM 
 
RNS Number : 1068Z 
Rox Conduit Limited 
15 September 2009 
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO ANY 
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF 
SUCH JURISDICTION 
15 SEPTEMBER 2009 
ROX CONDUIT LTD 
WITHDRAWAL OF PROPOSED OFFER FOR SHARES IN GEMFIELDS PLC 
 
 
 
 
On 5 June 2009 Rox Conduit Ltd (RoxC) announced that it was considering a 
possible offer for the ordinary shares in Gemfields plc (Gemfields) not already 
owned by its subsidiary Rox Limited (Rox) and by Pallinghurst Resources Limited 
(Pallinghurst), a related party of RoxC. 
RoxC announces today that it no longer wishes to make an offer for Gemfields. 
For the purposes of Rule 2.8 and other relevant provisions of the City Code on 
Takeovers and Mergers (the Code), RoxC reserves the right to announce an offer 
or possible offer or make or participate in an offer or possible offer for 
Gemfields and/or take any other action which would otherwise be restricted under 
Rule 2.8 of the Code within the next six months, in the event that: 
 
 
  *  an agreement or recommendation from the board of Gemfields is forthcoming; or 
  *  there is an announcement by a third party of an offer or possible offer (as 
  defined in the Code) for Gemfields; or 
  *  Gemfields announces a "whitewash" proposal (as described in Note 1 of the Notes 
  on Dispensations from Rule 9 of the Code) or a reverse takeover; or 
  *  there is a material change of circumstances. 
 
 
 
Enquiries 
Rox Conduit Limited 
Arne Frandsen                           [phone] 
 
 
Investec Investment Banking 
Gerard Kisbey-Green / Avital Lobel   [phone] 
 
 
College Hill 
Johannes van Niekerk                    [phone] 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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