Reuters logo
2 months ago
BRIEF-Investor Pallinghurst Resources makes buyout offer for Gemfields
May 19, 2017 / 6:43 AM / 2 months ago

BRIEF-Investor Pallinghurst Resources makes buyout offer for Gemfields

1 Min Read

May 19 (Reuters) - Pallinghurst Resources Ltd:

* Offer for Gemfields Plc

* Offer to be made by Pallinghurst for whole of issued and to be issued share capital of Gemfields not already held by it

* Under terms of offer, each Gemfields shareholder will be entitled to receive 1.91 Pallinghurst shares for each Gemfields share

* Offer values each Gemfields share at 38.5 pence

* Offer values entire issued and to be issued ordinary share capital of Gemfields at approximately 211,450,623 stg

* Offer will result in Gemfields investors (other than Pallinghurst) owning approximately 42.2 pct of enlarged group as at May 17

* Irrevocable undertakings and Pallinghurst's current holding in Gemfields constitute 75.27 pct of Gemfields' total issued share capital

* As at date of this announcement, offer has become unconditional as to acceptances Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below