16th Oct 2007 15:52
Gem Diamonds Limited16 October 2007 16th October, 2007 GEM DIAMONDS LIMITED ("Gem Diamonds" or the "Company") Result of EGM Further to the announcement by Gem Diamonds, on 19 June 2007 of its proposedcash offer for 100 per cent of the issued share capital of Kimberley DiamondCompany NL ("Kimberley"), the Board of Gem Diamonds announces that at itsExtraordinary General Meeting, convened and held Linklaters LLP, One SilkStreet, London EC2Y 8HQ today, the 16th October 2007 at 3.30 p.m, the resolutionto approve the acquisition of Kimberley, as outlined in the circular toshareholders dated 27 September 2007, was passed unanimously with 68.34% of theCompany's register voting. The voting on the resolutions was as follows: Votes for 42,645,038 Votes against NIL Total Votes 42,645,038 Copies of the resolution will shortly be available for inspection at the UKLADocument Viewing Facility situated at: the Financial Services Authority, 25 TheNorth Colonnade, Canary Wharf, London E14 5HS. For further information: Gem Diamonds LimitedClifford ElphickTel: +44 203 043 0280 Gem Diamond Technical Services (Pty) LimitedStephen WetherallTel: +27 82 418 8735 Pelham PRCandice SgroiTel: +44 207 743 6376 About Gem Diamonds Gem Diamonds is a diamond mining company with a balanced portfolio of aproducing kimberlite mine, two producing alluvial mines, development projectsand long-term prospects. Established in July 2005, Gem Diamonds is pursuing anaccelerated growth strategy and aims to become one of the world's leadingdiamond companies. Gem Diamonds currently has one producing kimberlite mine,Letseng, in Lesotho, two producing alluvial mines - Cempaka in Indonesia andMbelenge in the Democratic Republic of Congo (DRC), a kimberlite developmentproject in Botswana, two development projects in the DRC, one in the CentralAfrican Republic and an option to develop the Chiri kimberlite concession inAngola. The Company recently made an offer to Kimberley Diamond Company's shareholdersto acquire their shares in this company, which owns the Ellendale Mine in northWestern Australia. Gem Diamonds currently has a specific focus towards higher value diamonds, asegment of the market that its management believes will deliver superior longterm returns. For further information about Gem Diamonds visit www.gemdiamonds.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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