Category

Business Update

Update: Acquisition of Faberge

Further to the Company’s announcement of 7 January 2013, Gemfields plc (AIM: GEM) is pleased to announce that all the conditions for the merger of Fabergé Limited with Runway SPV, a wholly owned subsidiary of Gemfields (the “Merger”) have been satisfied and that the Merger is expected to take effect on 28 January 2013.

Result of General Meeting

Gemfields plc (AIM: GEM) is pleased to announce that both of the resolutions proposed at the General Meeting of the Company held at 11.00 a.m. today (“General Meeting”), were duly passed.

Update: Proposed Acquisition of Faberge Limited

Gemfields plc (AIM: GEM) is pleased to announce that at the general meeting of Fabergé Limited held on 17 December 2012 (“Fabergé General Meeting” and “Fabergé” respectively), Fabergé shareholders approved the merger of Fabergé with Runway SPV, a wholly owned subsidiary of Gemfields (the “Merger”).

Posting of Circular and Notice of General Meeting

Pursuant to the announcement released on 21 November 2012 in relation to Gemfields’ (AIM: GEM) proposed acquisition (the “Proposed Acquisition”) of a 100% interest in Faberge Limited (“Fabergé”), Gemfields confirms that a circular including a notice convening a general meeting of the Company (the “Circular” and the “General Meeting” respectively) was posted to shareholders yesterday.

Acquisition of 75% interest in an additional Mozambican ruby project

Gemfields plc (AIM: GEM) announces that it has entered into a conditional agreement (the “Agreement”) to acquire a controlling interest in an additional ruby deposit located adjacent to the Company’s Montepuez ruby mine, in the Montepuez district of the Cabo Delgado province in Mozambique (the “Project”).