Category

Appointments

Non‐Executive Director Appointment

Gemfields advises that Mr Carel Malan has been appointed as a Non‐Executive Director of the Company with effect from 9 January 2019. Mr Malan will also serve as a member of the Company’s Audit Committee. Mr Malan is a South African chartered accountant and is the Chief Financial Officer of the Tshipi manganese mine owned by Tshipi e Ntle Manganese Mining (Pty) Ltd (in which the Company has an indirect interest of approximately 3.7%).

Non-Executive Director Resignation

Gemfields advises that Mr Erich Clarke resigned as a Non-Executive Director of the Company on, and with effect from, 7 January 2019 due to other commitments. The Company is in the process of confirming a replacement for Mr Clarke, including his role as a member of the Company’s Audit Committee.

Appointment of Company Secretary

In compliance with paragraph 3.59(a) of the JSE Listing Requirements, shareholders are advised that Toby Hewitt, Gemfields’ Group General Counsel, has today been appointed by the Board as Company Secretary of Gemfields. Toby Hewitt will be supported by Mourant Governance Services (Guernsey) Limited, who have been engaged by the Company to provide Guernsey corporate administration services.

Change of Company Secretary

In compliance with paragraph 3.59(b) of the JSE Listing Requirements, shareholders are advised that Vistra Fund Services (Guernsey) Limited (“Vistra”) has today resigned as Administrator and Company Secretary of Gemfields. Mourant Governance Services (Guernsey) Limited have been engaged by the Company to provide Guernsey corporate administration services from today’s date and a new Company Secretary will be appointed by the Board in due course.

Priyank Thapliyal takes up full-time CEO position at Jupiter Mines

Pallinghurst announces that Executive Director, Priyank Thapliyal, will take up the role of full-time Chief Executive Officer of Jupiter Mines Limited (“Jupiter”), in which Pallinghurst holds an 18.4% stake. Mr Thapliyal has therefore resigned from his positions at the Company with immediate effect and his responsibilities will be absorbed by the other Executive Directors.

Pallinghurst Announces Strategic Priorities and Reconstituted Board

On 26 June 2017, shareholders of Pallinghurst voted emphatically in favour of the restructuring of the Company and the acquisition of Gemfields plc (“Gemfields”). Pallinghurst’s life is now extended by 50 years and is set to become an operating mining company (subject to the applicable regulatory provisions). Pallinghurst has terminated the existing Investment Management Agreement for no consideration and the Investment Manager’s Benefit and all carried interest arrangements will cease.

Changes to the Board

Shareholders are advised that Mr Chris Powell has resigned as Permanent Alternate to Mr Andrew Willis, effective 25 June 2015. The Board would like to thank Chris for his contribution to Pallinghurst in his role as an Alternate Director.

Changes to the Board

Shareholders are advised that Mr Brian O’Mahoney has resigned as Permanent Alternate to Mr Stuart Platt‐ Ransom, effective 12 May 2015. The Board would like to thank Brian for his contribution to Pallinghurst in his role as an Alternate Director.