On 14 February 2007, Gem Diamonds was conditionally listed on the main board of the LSE. Unconditional trading in the Company’s shares commenced on 19 February 2007. An institutional offer was held simultaneously with the listing and 31 000 000 shares subscribed for at £9.50. Subsequent thereto, a greenshoe offer was completed and a further 4 100 000 shares were issued at £9.50. The gross proceeds of this capital raising were US$636 million.
On 1 April 2009, Gem Diamonds announced a placing of 75 000 000 new shares at a 100 Pence per new share. It is expected that Admission of these shares will become effective and that dealings will commence on the London Stock Exchange on 22 April 2009.
The authorised, issued, called up and fully paid shares of the Company immediately following the admission of the recently issued placing shares on 3 April 2009 is expected to be as follows:
| 22 April 2009 | |
|---|---|
| Authorised ordinary shares of US$0.01 each | 200 000 000 |
| Issued ordinary share of US$0.01 each | 137 977 853 |
On 22 April 2009, the following major interests (at or above 5%) in the ordinary issued shares of US$0.01 each of the Company is expected to be notified to the Company in accordance with the Disclosure and Transparency Rules of the Financial Services Authority:
| Number of ordinary shares of US$0.01 each | Shareholding of 5% of above | |
|---|---|---|
| Lansdowne Partners Limited | 17 852 651 | 12.94 |
| BlackRock Investment Management Limited | 14 388 246 | 10.43 |
| Graff Diamonds International Limited | 13 674 543 | 9.91 |
| Capital Group Companies | 10 365 189 | 7.51 |
| TT International | 9 650 000 | 6.99 |
| Gem Diamonds Holdings Limited (1) | 9 325 000 | 6.76 |
| Mirabaud Investment Management Limited | 8 283 887 | 6.00 |
(1)CT Elphick is interested in these Ordinary Shares by virtue of his interest as a potential beneficiary in a discretionary trust which has an indirect interest in these Ordinary Shares.
The Directors at 22 April 2009 and their interests in the ordinary share capital of the Company is expected to be as follows:
| Number of Ordinary shares | |
|---|---|
| RWJ Davis | 1 267 752 |
| CT Elphick(1) | 9 325 000 |
| AR Ashworth | 21 900 |
| GA Beevers | 188 614 |
| DJ Elzas | 144 664 |
| KM Burford | 458 333 |
| Lord Renwick | 60 000 |
| M Salamon | 316 944 |
| GE Turner | 600 000 |
| R Williams | 20 000 |
(1)CT Elphick is interested in these Ordinary Shares by virtue of his interest as a potential beneficiary in a discretionary trust which has an indirect interest in those Ordinary Shares.