13th Jun 2025 10:58
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Raises USD30 milion, about ZAR538.3 million, after equity rights issue. Receives acceptances for 458.3 million new shares, representing about 82.4% of shares that will be issued following the rights issue. The remaining 97.9 million shares will be subscribed for by underwriters. Gemfields had said on Wednesday it planned to issue 556.2 million shares to raise about USD30 million. New shares were admitted to trade on AIM on Friday.
Current stock price in Johannesburg: ZAR1.17, up 6.4% on Friday
12-month change: down 59%
Current stock price in London: 4.22 pence, up 0.6%
12-month change: down 67%
By Artwell Dlamini, Alliance News reporter
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