Holding(s) in Company

RNS Number : 5500J

Gem Diamonds Limited

04 December 2008

 



For filings with the FSA include the annex For filings with issuer exclude the annex

TR-1: Notifications of Major Interests in Shares

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

Gem Diamonds Ltd

2. Reason for notification (yes/no)
An acquisition or disposal of voting rights	Yes
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 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 transaction (and date on which the threshold is crossed or reached if different):	3 December 2008
6. Date on which issuer notified:	3 December 2008
7. Threshold(s) that is/are crossed or reached:	9%

8: Notified Details
A: Voting rights attached to shares
Class/type of shares If possible use ISIN code	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of shares	Number of voting rights	Number of shares	Number of voting rights		Percentage of voting rights
				Direct	Indirect	Direct	Indirect
VGG379591065 Ords US$0.01 each	5,113,930	5,113,930	6,241,343		6,241,343		9.9%

B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ conversion period/date	No. of voting rights that may be acquired (if the instrument exercised/converted)	Percentage of voting rights

Total (A+B)
Number of voting rights	Percentage of voting rights
6,241,343	9.9%

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

6,196,575 shares are held by Hanover Nominees Limited. Shares are under the control of Graff Diamonds Limited, 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 proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:
14 Contact name:	Andre Confavreux, Company Secretary, Gem Diamonds Ltd
15. Contact telephone number:	0203 043 0280

 

END

 

 

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