Last checked at 26 Jun 2017 17:15
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
26 June 2017
Fosun Gold Holdings Limited ("Fosun Gold")
Lapse of cash offer for Gemfields plc ("Gemfields")
Further to the announcement today by Pallinghurst Resources Limited that its offer for Gemfields has become wholly unconditional, Fosun Gold's cash offer for Gemfields has lapsed in accordance with its terms.
Capitalised terms used but not defined in this announcement shall have the meanings given to them in the Rule 2.7 announcement released by Fosun Gold on 20 June 2017 in relation to its cash offer for Gemfields.
Enquiries
Fosun Gold
Edward Sun / Samuel Guan
Hannam & Partners
(Financial Adviser to Fosun Gold)
Neil Passmore / Andrew Chubb / Ernest Bell
Telephone: +44 20 7907 8500
Maitland
(PR advisers to Fosun Gold)
Neil Bennett / Sundeep Tucker
Telephone: +44 20 7379 5151
Note
Fosun Gold is a wholly owned subsidiary of Fosun International Limited, a company listed on the Hong Kong Stock Exchange with stock code 00656.
Further information
This announcement is not intended to and does not constitute, or form part of, an offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to the Fosun Offer or otherwise, nor shall there be any sale, issuance or transfer of securities of Gemfields in any jurisdiction in contravention of applicable law.
Hannam & Partners (Advisory) LLP, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority for investment business activities, is acting exclusively as financial adviser to Fosun Gold and no one else in connection with the Fosun Offer and will not be responsible to anyone other than Fosun Gold for providing the protections afforded to clients of Hannam & Partners, nor for providing advice in relation to the Fosun Offer or any other matters referred to in this announcement.