This page provides announcements from The Bermuda Stock Exchange (BSX) and regulatory news filings by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.

Gemfields Group Limited- Non-Executive Director Resignation

14 January 2019

HAMILTON, Bermuda 14 January 2019 – In a filing with the Bermuda Stock Exchange, Gemfields Group Limited (the “Company”; Ticker: GML.BH), announced the non-executive director resignation.  The filing stated:

 

GEMFIELDS GROUP LIMITED
(formerly Pallinghurst Resources Limited)
(Incorporated in Guernsey)
(Guernsey registration Number: 47656)

(South African external company registration number 2009/012636/10)

Share code on the BSX: GML.BH      ISIN: GG00BG0KTL52

Share code on the JSE: GML

("Gemfields" or the "Company")

 

Non-Executive Director Resignation

 

Gemfields advises that Mr Erich Clarke resigned as a Non-Executive Director of the Company on, and with effect from, 7 January 2019 due to other commitments. The Company is in the process of confirming a replacement for Mr Clarke, including his role as a member of the Company’s Audit Committee.

 

Mr Brian Gilbertson, Chairman of the Board, commented:

 

It is with regret that we say farewell to Erich for he has served the Company well, particularly on the Audit Committee, and brought valuable operating mining experience to our deliberations. It is important to note that the Company’s Audit Committee has been functioning well and providing appropriate rigour to the Company’s financial reporting. Erich’s resignation is unrelated to his work with the Company.”

 

Additional information on Gemfields

 

Gemfields is a world leading supplier of responsibly sourced coloured gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world’s single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also holds controlling interests in various other gemstone mining and prospecting licenses in Zambia, Mozambique, Ethiopia and Madagascar.

 

Gemfields’ outright ownership of Fabergé - an iconic and prestigious brand of exceptional heritage - enables Gemfields to optimise positioning, perception and consumer awareness of coloured gemstones, advancing the wider group’s “mine and market” vision.

 

Gemfields has developed a proprietary grading system and a pioneering auction and trading platform to provide a consistent supply of coloured gemstones to downstream markets, a key component of Gemfields’ business model and has played an important role in the growth of the global coloured gemstone sector.

 

Further information on Gemfields Group Limited can be found at www.gemfieldsgroup.com.

 

For any press enquiries please contact us on investor.relations@gemfields.com.

Guernsey

8 January 2019

 

Sponsor

Investec Bank Limited

 

MIAX Logo

Disclaimer and Privacy Policy    Complaints Policy

Copyright © 2024 by Bermuda Stock Exchange. All rights reserved!

Questions or requests for information can be emailed to  info@bsx.com