Last checked at 5 Dec 2008 16:35
05 December, 2008
GEM DIAMONDS LIMITED
TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES
Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Gem Diamonds Limited
2. Reason for the notification (please place an X inside the appropriate bracket/s):
An acquisition or disposal of voting rights: ( X )
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )
An event changing the breakdown of voting rights: ( )
Other (please specify) : ( )
……………..
3. Full name of person(s) subject to the notification obligation:
BlackRock Inc
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
3rd December, 2008
6. Date on which issuer notified:
5th December, 2008
7. Threshold(s) that is/are crossed or reached:
Holding has gone below 11% 8. Notified details:
A: Voting rights attached to shares
| Class/type of shares if possible using the ISIN CODE | Situation previous to the Triggering transaction | |
|
| Number of shares | Number of voting Rights |
| VGG379591065 | 7,476,453 | 7,476,453 |
Resulting situation after the triggering transaction
| Class/type of shares if possible using the ISIN CODE | Number of shares | Number of voting rights | % of voting rights | ||
|
| Direct | Direct | Indirect | Direct | Indirect |
| n/a | n/a | 6,528,298 | n/a | 10.37% | |
B: Financial Instruments
Resulting situation after the triggering transaction
| Type of financial instrument | Expiration Date | Exercise/Conversion Period/ Date | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
Total (A+B)
| Number of voting rights | % of voting rights |
| 6,528,298 | 10.37% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable :
| BlackRock Investment Management (UK) Limited 6,528,298 (10.37%) |
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
N/A
12. Date on which proxy holder will cease to hold voting rights:
N/A
13. Additional information:
14. Contact name:
Andre Confavreux - Gem Diamonds
15. Contact telephone number:
+44 (0)20 3043 0280