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Gemfields Group ( (PLLHF) ) has shared an announcement.
Gemfields Group Limited held an Extraordinary General Meeting where shareholders approved the issuance of 556,203,396 new shares through a fully underwritten Rights Issue to raise approximately USD 30 million. This move is expected to strengthen the company’s financial position and support its operations, with the Prospectus set to be published following regulatory approval. The Rights Issue will increase the total number of shares from 1,168,027,130 to 1,724,230,526, potentially impacting the company’s market presence and stakeholder interests.
More about Gemfields Group
Gemfields Group Limited is a company incorporated in Guernsey, primarily operating in the gemstone industry. The company is listed on the Johannesburg Stock Exchange and AIM, focusing on the mining and marketing of colored gemstones.
See more insights into PLLHF stock on TipRanks’ Stock Analysis page.
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