17th Dec 2009 07:00
Gemfields PlcHoldings in Company17 December 2009
Gemfields Plc ("Gemfields" or "the Company", Ticker "GEM") received notification on 15 December 2009 from QVT Financial LP ("QVT") that on 11 December, QVT through shareholdings of QVT Fund LP, Quintessence Fund L.P. and Deutsche Bank AG London purchased 12,500,000 of the Company's ordinary 1p shares. Following this transaction, QVT has an interest through direct ownership in a total of 25,264,875 shares.
QVT, through both direct ownership and contracts for difference, has a total interest in 38,014,875 shares representing 11.73% of the ordinary shares of 1p in the Company.
Enquiries:
Richard James, CFO Tel: +44 (0)20 7518 3402
Gemfields Plc
Mike Jones/Tarica Mpinga/Andrew Chubb Tel: +44 (0)20 7050 6500
Canaccord Adams Ltd
Nominated Adviser and Joint Broker to Gemfields
vendorRelated Shares:
Gemfields Grou.