28th Nov 2014 15:27
Gemfields plc
("Gemfields" or the "Company")
Result of AGM
28 November 2014
Gemfields plc (AIM: GEM) is pleased to announce that at the Annual General Meeting ("AGM") of the Company held today, all resolutions were passed by shareholders.
ENQUIRIES:
Gemfields JJ Williams, Company Secretary | jj.williams@gemfields.co.uk +44 (0)20 7659 4965 |
Grant Thornton UK LLP | |
Nominated Adviser | |
Philip Secrett/David Hignell/Jamie Barklem | +44 (0)20 7383 5100 |
J.P. Morgan Cazenove | |
Joint Broker | |
Jamie Riddell | +44 (0)20 7742 4000 |
BMO Capital Markets Limited | |
Joint Broker | |
Jeff Couch/Neil Haycock/Tom Rider/Jenny Wyllie | +44 (0)20 7236 1010 |
Tavistock Communications | |
Jos Simson/Emily Fenton/Nuala Gallagher | +44 (0)20 7920 3150 |
Notes to Editors:
Gemfields plc is the world's leading supplier of responsibly sourced coloured gemstones and is listed on the AIM market of the London Stock Exchange (ticker: GEM) where it is a constituent of the AIM50 index.
In July 2009, Gemfields commenced a formal auction programme for Zambian emeralds mined at the Kagem emerald mine. To date, the Company has held seventeen auctions of emerald and beryl produced at Kagem and which have generated revenues totalling USD 311 million. The Company has also held two traded emerald auctions (of gems not obtained directly from the Company's own mining operations) which generated revenues of USD 22.0 million.
The Company also owns a 75% stake in the highly prospective Montepuez ruby deposit in Mozambique as well as licences in Madagascar including ruby, emerald and sapphire deposits. In June 2014, Gemfields held its first auction of rough ruby and corundum produced at the Montepuez ruby deposit, generating revenues of USD 33.5 million. In addition, Gemfields holds a 50% interest in the Kariba amethyst mine in Zambia.
Gemfields acquired the Fabergé brand in January 2013 to create 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.
Related Shares:
Gemfields Grou.