Share Price | Pallinghurst Resources Limited: JSE:PGL ZAc 268 1 (0.37%)
NAV Per Share: ZAc 436 (as at 30 June 2017)

News and Announcements

Pallinghurst announces the posting of the Offer Document

On 19 May 2017 the Board of Pallinghurst Resources Limited (“Pallinghurst”) announced the terms of an offer to be made by Pallinghurst through which Pallinghurst would offer to acquire the entire issued and to be issued share capital of Gemfields (other than the 258,908,915 Gemfields Shares already held by Pallinghurst Group, representing 47.09% of Gemfields’ existing issued share capital), to be implemented by means of a takeover within the meaning of Part 28 of the Companies Act 2006 (the “Offer”). Under the terms of the Offer, each Gemfields Shareholder will be entitled to receive 1.91 Pallinghurst Shares for each Gemfields Share.

Pallinghurst announces that the Offer Document and Form of Acceptance, which contain the terms and conditions of the Offer and the procedure for acceptance of the Offer, are today being posted to the shareholders of Gemfields.