Pallinghurst in full control of Gemfields – Commences Strategic Review

Gemfields plc was de-listed from AIM on 28 July 2017 and is now an unlisted subsidiary of Pallinghurst.

Consequently, the non-executive directors of Gemfields have resigned. The CEO and CFO have also, by mutual agreement, resigned. Managerial responsibility for Gemfields now rests with Pallinghurst. The compulsory acquisition process has commenced, and it is expected that Gemfields will be 100% owned by Pallinghurst by the end of August 2017.