Update on issued share capital and Directors’ shareholdings
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Date17 Aug 2017
Update on issued share capital, directors’ shareholdings and dealings by Pallinghurst directors pursuant to the offer for Gemfields On 19 May 2017, the Board of Pallinghurst announced the terms of an offer to be made by Pallinghurst through which Pallinghurst would offer to acquire the entire issued and to be issued share capital of Gemfields plc (“Gemfields”) (other than the Gemfields Shares already held by the Pallinghurst Group) (the “Offer”).
Posting of Compulsory Acquisition Notices
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Date08 Aug 2017
On 19 May 2017, the Board of Pallinghurst Resources Limited (“Pallinghurst”) announced the terms of an offer to be made by Pallinghurst through which Pallinghurst would offer to acquire the entire issued and to be issued share capital of Gemfields plc (“Gemfields”) (other than the Gemfields Shares already held by the Pallinghurst Group), to be implemented by means of a takeover offer within the meaning of Part 28 of the Companies Act 2006 (the “Offer”).
Pallinghurst in full control of Gemfields – Commences Strategic Review
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Date04 Aug 2017
Gemfields plc was de-listed from AIM on 28 July 2017 and is now an unlisted subsidiary of Pallinghurst.
Successful Offer Closed – Squeeze Out Commenced
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Date01 Aug 2017
On 19 May 2017, the Board of Pallinghurst Resources Limited (“Pallinghurst”) announced the terms of an offer to be made by Pallinghurst through which Pallinghurst would offer to acquire the entire issued and to be issued share capital of Gemfields plc (“Gemfields”) (other than the Gemfields Shares already held by the Pallinghurst Group), to be implemented by means of a takeover offer within the meaning of Part 28 of the Companies Act 2006 (the “Offer”).