Notice of AGM

RNS Number : 6131H

Shefa Gems Ltd

07 April 2022

 

7 April 2022

Shefa Gems Ltd.

("Shefa Gems" or the "Company")

Publication of Circular and Notice of Annual and Extraordinary General Meeting

Shefa Gems Ltd (LSE: SEFA) hereby gives notice that the Annual and Extraordinary General Meeting ("AGM", or the "Meeting") of the Company is to be held at the Company's headquarters at 90 Herzel St., Natanya, Israel on Monday, 12 May 2022 at 11:00 a.m. (BST).

The Notice of AGM circular, which includes information on the resolutions to be considered at the Meeting, will be available to the public from its date of publication until the date of the AGM on the Company's websites:  https://www.shefagems.com/lse and https://alephtechnologies.tech/ .  It will also be available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

Enquiries :

Shefa Gems Ltd
Alon Shani - Chairman	[phone]

Notes to Editors:

About Shefa Gems Ltd

Shefa Gems Ltd (LSE: SEFA) was previously engaged in the exploration and mining of gemstones in Northern Israel, operating multiple exploration sites located across the Kishon River catchment area of Haifa and Mt Carmel.  Following a strategic review, it was determined that the Company could no longer justify the costs of being a listed company, and that any future funds raised on the basis of exploration activity should be entirely dedicated to the development of mining activity.  On 1 June 2021, the Company announced an agreement with the "Shany Group," a consortium of investors led by Mr. Alon Shany and Ms. Eva Abittan, wherein the Shany Group and other unrelated parties would pay an amount of approximately GBP 756,000 in return for a subscription to approximately 85% of the Company's issued share capital.  Additionally, the Company would transfer all of its exploration and mining assets to its wholly-owned subsidiary, Shefa in Israel (G.M.) Ltd (the "Subsidiary", a private company registered in Israel) and distribute ownership of the Subsidiary to all of the Company's existing Shareholders via a dividend in specie.  The transaction was approved by the Company's shareholders on 9 August 2021.  The dividend in specie has yet to be completed.

For further information please visit the website at  https://www.shefagems.com/lse  

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