RESULT OF GENERAL MEETINGBack
22 Apr 2009
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR SWITZERLAND
Further to its announcement on 1 April 2009 of a Placing of 75 million New Shares in the Company, Gem Diamonds (LSE: GEMD) announces that at its General Meeting held on 20 April 2009, each of the resolutions set out in the circular and notice of general meeting to shareholders dated 3 April 2009 was duly passed by way of a poll in accordance with the Company's Articles of Association.
Copies of the resolutions have been submitted to the UK Listing Authority (the "UKLA") in accordance with paragraph 9.6.2 of the Listing Rules and will shortly be available for inspection at the UKLA's Document Viewing Facility, which is situated at:
The Financial Services Authority
25 The North Colonnade
London E14 5HS
The results of the poll on each resolution are as follows:
|1 Increase to number of authorised shares||49,891,901||99.93||32,812||0.07||104,300|
|2 Authority to allot shares||49,432,408||99.01||492,305||0.99||104,300|
|3 Disapplication of pre-emption rights||49,430,164||99.01||492,305||0.99||105,544|
|4 Approval of Placing||49,517,108||99.18||407,705||0.82||104,200|
|5 Approval of related party transaction||49,516,908||99.18||407,705||0.82||104,400|
|6 Waiver of mandatory bid requirement||49,432,308||99.01||492,305||0.99||104,400|
It is expected that the 75 million New Shares will be admitted to the Official List of the UKLA and to trading on the main market of the London Stock Exchange at 8.00 a.m. on 22 April 2009.
Words and expressions defined in the prospectus dated 3 April 2009 have the same meaning when used in this announcement unless the context requires otherwise.
1. Resolutions 1 and 3 were special resolutions and Resolutions 2, 4, 5 and 6 were ordinary resolutions.
2. A vote "withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.
3. The issued share capital as at 20 April 2009 is 62,977,853 Ordinary Shares.
For further information, please contact:
Gem Diamonds Limited
Richard Chetwode, Investor Relations Manager
Tel: +44 (0)20 3042 0280
Tel: +44 (0)20 7337 1533
J.P. Morgan Cazenove
Patrick Magee/Neil Passmore
Tel: +44 (0)20 7588 2828
The information in this press release is not for release, publication or distribution, directly or indirectly, in or into the United States, Canada, Japan, Australia, the Republic of South Africa or Switzerland or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.
The information in this press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would require preparation of further prospectuses or other offer documentation, or be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.
The information in this press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933 (the "Securities Act"). The securities mentioned herein may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act. There will be no public offer of securities in the United States.
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