Last checked at 25 Nov 2013 12:29
Gemfields plc
("Gemfields" or the "Company")
Result of AGM
25 November 2013
Gemfields plc (AIM: GEM) is pleased to announce that at the Annual General Meeting of the Company held earlier today ("AGM"), all resolutions proposed to shareholders were duly passed with the exception of Resolution 7 relating to proposed adoption of the Gemfields plc Long Term Incentive Plan, which, with the consent of the meeting, was withdrawn from consideration.
ENQUIRIES:
Gemfields dev.shetty@gemfields.co.uk
Dev Shetty, COO +44 (0)20 7518 3402
Canaccord Genuity Limited
Nominated Adviser and Joint Broker
Neil Elliot/Tarica Mpinga +44 (0)20 7523 8000
JP Morgan Cazenove
Joint Broker
Jamie Riddell +44 (0)20 7742 4000
Tavistock Communications
Jos Simson/Emily Fenton/Nuala Gallagher +44 (0)20 7920 3150
Notes to Editors:
Gemfieldsplc is the leading coloured gemstone miner listed on the AIM market of the London Stock Exchange (ticker: GEM). The Company's principal asset is the 75% owned Kagem emerald mine in Zambia, the world's single largest emerald mine. In addition to the Kagem emerald mine, Gemfields has a 50% interest in the Kariba amethyst mine in Zambia.
In July 2009 Gemfields commenced a formal auction programme for Zambian emeralds mined at Kagem. To date, the Company has held 14 auctions which have generated revenues totalling USD 224 million.
The Company also owns a 75% stake in the highly prospective Montepuez ruby deposit in Mozambique and licences in Madagascar including ruby, emerald and sapphire deposits.
Gemfields acquired the Fabergé brand in January 2013 with a view to creating a globally recognised coloured gemstone champion. Fabergé provides Gemfields with direct control over a high-end luxury goods platform and a global brand with exceptional heritage.