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Gemfields shares to be compulsorily acquired by Pallinghurst

Gemfields shareholders who have not yet accepted the Pallinghurst offer might as well do so now

That's all folks!
The Pallinghurst offer received an acceptance rate of around 92.38%

Pallinghurst is to exercise its right to compulsorily acquire the Gemfields PLC (LON:GEM) shares from those shareholders who have not yet accepted its takeover offer.

Gemfields is advising the hold-out shareholders to accept the offer, as they will get their recompense sooner than they would were they to wait for the compulsory acquisition procedure to run its course.

Gemfields shares are set to de-list from AIM on 28 July.

READ Game over for Gemfields as it confirms plans to de-list from AIM


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