Successful completion of the compulsory acquisition of Gemfields
/
Date22 Dec 2017
Pallinghurst is pleased to announce the formal completion of the compulsory acquisition of Gemfields plc (“Gemfields”) pursuant to the provisions of section 979 of the Companies Act 2006 and that it now owns 100% of the issued share capital of Gemfields.
Accordingly, the Company now has 1,431,685,553 ordinary shares in issue. The total shares allotted include 96,276,146 ordinary shares allotted to the Company via an associate included within the Pallinghurst Group, which is controlled equally by Pallinghurst and three other shareholders.