20th Nov 2008 12:14
20 November 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:
Mr Laurence Graff and companies controlled by him
4. Full name of shareholder(s) (if different from 3.):
Hanover Nominees Limited
Brooks Macdonald Services Nominees Limited
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
17-19 November 2008
6. Date on which issuer notified:
19 November, 2008
7. Threshold(s) that is/are crossed or reached:
6-8%
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 Ords US$0.01 each |
3,248,795 |
3,248,795 |
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 |
|
5,113,903 |
5,113,930 |
8.2% |
|||
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 |
|
5,113,930 |
8.2% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable :
|
5,069,162 shares are held by Hanover Nominees Limited. Shares are under the control of Graff Diamonds International Limited, which is a wholly owned subsidiary of Graff Diamonds International Limited which is wholly owned by Mr Laurence Graff. 44,768 shares are held by Brooks Macdonald Services Nominees Limited as part of a pension plan controlled by Mr Laurence Graff. |
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
Related Shares:
Gem Diamonds Di