June 20 (Reuters) - Gemfields Plc:
* Notes announcement issued today by Fosun Gold with respect to a firm offer
* Consider that financial terms of Fosun offer are "not fair and reasonable"
* Independent committee believes certain cash exit on offer from Fosun Gold more attractive than unsolicited all-share nil-premium offer from pallinghurst
* Agreed to pay a break fee to Fosun Gold of $2 million by way of compensation if a competing proposal becomes or is declared wholly unconditional Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)