Pallinghurst shareholders vote in favour of Gemfields buyout

June 26, 2017

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Pallinghurst Resources has received 96% shareholder support for the buyout of the remaining stake in Gemfields, making its offer for Gemfields wholly unconditional. Brian Gilbertson’s Pallinghurst on May 19 announced its intention to buy out Gemfields’ minority shareholders in exchange for $150-million in Pallinghurst shares and to delist Gemfields from the LSE’s Aim market.

Category: General