NAV Per Share: ZAc 692 (as at 31 December 2023)

News and Announcements

Jupiter announces a US$42 million share buy-back; Pallinghurst stands to receive a further ZAR94 million

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Date22 Jan 2018
Jupiter Mines Limited (“Jupiter”) has announced the indicative terms of an off-market equal access share buy- back (“Buy-Back”) pursuant to which it intends to return US$42 million to its shareholders. All Jupiter shareholders are to be made an equal offer to have 5.82% of their Jupiter shares repurchased, at a price of US$0.35 per Jupiter share. Pallinghurst owns approximately 18.4% of Jupiter and stands to receive almost US$8 million (ZAR94 million) in March 2018.

Notification of change in auditor

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Date08 Jan 2018
Pallinghurst shareholders are advised in terms of paragraph 3.78 of the JSE Listings Requirements that BDO LLP have been appointed as the Company’s external auditors for the financial year ending 31 December 2017, with Mr Scott Knight as the designated audit partner, replacing Saffery Champness Chartered Accountants (“Saffery Champness”).

Pallinghurst business update

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Date07 Dec 2017
Integration of Gemfields complete. Early but significant turn-around achieved. Six key strategic priorities are being pursued; and Pallinghurst share buy-back approved.

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

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Date16 Nov 2017
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.

Record auction result – US$55 million generated

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Date13 Nov 2017
Pallinghurst is pleased to announce the results of an auction of rough rubies held by its 100% subsidiary, Gemfields plc (“Gemfields”), in Singapore from 6 – 10 November 2017. The rough rubies were extracted by Montepuez Ruby Mining Limitada (“MRM”, which is 75% owned by Gemfields and 25% by local partner Mwiriti Limitada) from the licence held by MRM in the Montepuez district of Mozambique.
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