Update – Proposed Sale of Stake in Sedibelo Platinum
Date07 Jan 2022
Gemfields hereby provides an update on the proposed sale of its interest in Sedibelo Platinum Mines Limited (“SPM”). At the time of the Company’s announcement on 13 November 2020, Gemfields held its stake in SPM via an interposed vehicle named Pallinghurst Ivy Lane Capital S.à r.l. (“Ivy Lane”), a company incorporated in Luxembourg, which in turn had an interest in 27.64% of SPM.