Category

Appointments

Non-Executive Director Resignation

Gemfields advises that Mr Carel Malan tendered his resignation as a Non-Executive Director of the Company on 29 June 2022, with such resignation to take effect from latest 31 December 2022.

Change of Auditors

Following a competitive tender process and a recommendation from its Audit Committee, the Gemfields’ Board resolved to appoint Ernst & Young LLP (“Ernst and Young”) as its statutory auditors, commencing with the financial year ending 31 December 2022, subject to ratification by shareholders in the Company’s 2022 Annual General Meeting. The Board and the Audit Committee have taken the view that this change of auditors promotes good corporate governance given the long period that the incumbents, BDO LLP (“BDO”), have been in position.

Appointment of Non-Executive Director

Gemfields is pleased to announce that Mary Reilly will join the Board as an independent non-executive director with immediate effect. Mary also joins Gemfields’ Audit Committee in place of its Non-Executive Chairman, Martin Tolcher.

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.