https://www.miningweekly.com

Gemfields to delist July 28

27th July 2017

By: Martin Creamer

Creamer Media Editor

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Coloured gemstones mining and marketing company Gemfields is expected to cease trading on the London Aim from 07:00 on Friday, July 28, when it will be delisted.

Pallinghurst Resources, which is taking its associate company in-house, said on Thursday that it would begin making an offer to minority shareholders under Section 979 of the Companies Act 2006 to compulsorily acquire the remaining Gemfields shares.

The Johannesburg Stock Exchange-listed Pallinghurst said that notices would in due course be sent to non-accepting Gemfields shareholders informing them of the compulsory acquisition of their Gemfields shares.

Gemfields last month applied to the London Stock Exchange for the cancellation of admission to trading and this month announced that its independent committee had recommended that shareholders who had not yet accepted the Pallinghurst offer accept immediately so as to receive their new shares in Pallinghurst.

Edited by Creamer Media Reporter

Comments

Latest News

Kropz Elandsfontein
Kropz secures R170m loan facility
27th March 2024 By: Darren Parker

Showroom

Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

An unmanned breathalyser that is made to be tough and simple to use. Can be used in any environment for operator-free breathalyser testing.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.108 0.142s - 106pq - 2rq
Subscribe Now