Gem Diamonds Limited AGM Update Statement (5191I)
05 December 2022 - 6:00PM
UK Regulatory
TIDMGEMD
RNS Number : 5191I
Gem Diamonds Limited
05 December 2022
5 December 2022
GEM DIAMONDS LIMITED
("Gem Diamonds" or the "Company")
AGM Update Statement
In the June 2022 AGM results announcement, the Board of Gem
Diamonds Limited noted the proportion of votes cast against
Resolution 13, renewing the authority of the directors to allot
shares. In accordance with Provision 4 of the UK Corporate
Governance Code the Company has sought to engage with the
significant shareholder who voted against these resolutions.
Resolution 13 passed with 58.55% of participating shareholders
voting in favour.
The Board acknowledges that the votes against Resolution 13
related primarily to the votes cast by a significant shareholder
and their standing policy on this matter. As noted in June, the
Board was disappointed in this outcome, given that the resolution
reflected UK listed company market practice. In view of the
significant shareholder's position and standing policy on this
matter, the Board and the executive management team have not
engaged in further consultation with the significant shareholder
but will continue to regularly consider their approach to this
matter.
Any further updates on communication with shareholders on these
matters, will be provided in the Annual Report and Accounts and
associated documentation.
The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67.
For further information:
Gem Diamonds Limited
Susan Wallace, Company Secretarial department
Tel: +44 (0) 203 043 0280
ir@gemdiamonds.com
Celicourt Communications
Mark Antelme/Felicity Winkles
Tel: +44 (0) 208 434 2643
About Gem Diamonds :
Gem Diamonds is a leading global diamond producer of high value
diamonds. The Company owns 70% of the Letšeng mine in Lesotho and
is currently in the process of selling its 100% share of the
Ghaghoo mine in Botswana. The Letšeng mine is famous for the
production of large, top colour, exceptional white diamonds, making
it the highest dollar per carat kimberlite diamond mine in the
world. www.gemdiamonds.com .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
AGMTIBRTMTIMBFT
(END) Dow Jones Newswires
December 05, 2022 02:00 ET (07:00 GMT)
Gem Diamonds (LSE:GEMD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Gem Diamonds (LSE:GEMD)
Historical Stock Chart
From Apr 2023 to Apr 2024