Holding(s) in Company

RNS Number : 5840I

Gem Diamonds Limited

20 November 2008

 



20 November 2008

GEM DIAMONDS LIMITED

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

• Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Gem Diamonds Limited

2. Reason for the notification (please place an X inside the appropriate bracket/s):

An acquisition or disposal of voting rights: ( X )

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )

An event changing the breakdown of voting rights: ( )

Other (please specify) : ( )

……………..

3. Full name of person(s) subject to the notification obligation:

Mr Laurence Graff and companies controlled by him 

4. Full name of shareholder(s) (if different from 3.):

Hanover Nominees Limited

Brooks Macdonald Services Nominees Limited

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

17-19 November 2008

6. Date on which issuer notified:

19 November, 2008

7. Threshold(s) that is/are crossed or reached:

6-8%

  8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE	Situation previous to the Triggering transaction
	Number of shares	Number of voting Rights
VGG379591065  Ords US$0.01 each	3,248,795	3,248,795

Resulting situation after the triggering transaction 

Class/type of shares if possible using the ISIN CODE	Number of shares	Number of voting rights		% of voting rights
	Direct	Direct	Indirect	Direct	Indirect
	5,113,903		5,113,930		8.2%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument	Expiration Date	Exercise/Conversion Period/ Date	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights

Total (A+B)

Number of voting rights	% of voting rights
5,113,930	8.2%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable :

5,069,162 shares are held by Hanover Nominees Limited. Shares are under the control of Graff Diamonds International Limited, which is a wholly owned subsidiary of Graff Diamonds International Limited which is wholly owned by Mr Laurence Graff. 44,768 shares are held by Brooks Macdonald Services Nominees Limited as part of a pension plan controlled by Mr Laurence Graff.

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

14. Contact name:

Andre Confavreux - Gem Diamonds

15. Contact telephone number:

[phone]

 

END

 

 

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