TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
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1. Identity of the issuer or the underlying issuer |
Gem Diamonds Ltd |
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2 Reason for the notification |
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An acquisition or disposal of voting rights |
YES |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Full name of person(s) subject to the |
Aberforth Partners LLP |
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4. Full name of shareholder(s) |
Shareholder Shares
1. Aberforth Smaller Companies Trust plc 5,602,762 2. Aberforth UK Small Companies Fund 929,737
4.The National Trust for Places of Historic Interest or Natural Beauty 476,106
Shares are registered in the name of Nortrust Nominees Ltd |
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5. Date of the transaction and date on |
23/09/2016 |
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6. Date on which issuer notified: |
26/09/2016 |
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7. Threshold(s) that is/are crossed or |
5% |
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8. Notified details |
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A: Voting rights attached to shares |
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Class/type of
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Situation previous |
Resulting situation after the triggering transaction |
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Number |
Number |
Number of shares |
Number of voting |
% of voting rights x |
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Direct xi |
Indirect xii |
Direct |
Indirect |
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Below 5% |
Below 5% |
7,008,605 |
N/A |
7,008,605 |
N/A |
5.07 |
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Ordinary VGG379591065 |
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B: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial |
Expiration date xiii |
Exercise/ |
No. of voting rights that may be acquired if the |
% of voting rights |
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N/A |
N/A |
N/A |
N/A |
NA |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial |
Expiration price |
Expiration date |
Exercise/ |
No. of voting rights instrument refers to
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% of voting rights
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N/A |
N/A |
N/A |
N/A |
N/A |
Nominal |
% |
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N/A |
N/A |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
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7,008,605 |
5.07 |
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9. Chain of controlled undertakings through which the voting rights and/or the |
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Held by Aberforth Partners LLP |
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Proxy Voting: |
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10. Name of the proxy holder: |
N/A |
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11. Number of voting rights proxy holder will cease |
N/A |
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12. Date on which proxy holder will cease to hold voting rights: |
N/A |
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13. Additional information: |
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14. Contact name: |
Pauline Robson, Aberforth Partners LLP |
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15. Contact telephone number: |
0131 220 0733 |
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