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Gemfields Group ( (PLLHF) ) has provided an update.
Gemfields Group Limited has announced the publication of a Prospectus for a Rights Issue aimed at raising approximately USD30 million through the issuance of 556,203,396 new shares. This move, which has received regulatory approval from both the Johannesburg Stock Exchange and the Financial Conduct Authority, is expected to strengthen the company’s financial position and support its growth strategy. The Rights Issue will offer 10 new shares for every 21 existing shares at a price of 4.22 pence or ZAR1.06860 per new share, with the process set to commence on 29 May 2025.
More about Gemfields Group
Gemfields Group Limited is incorporated in Guernsey and operates in the gemstone industry. The company is primarily focused on the mining and marketing of colored gemstones, with a market presence on the Johannesburg Stock Exchange and AIM.
See more insights into PLLHF stock on TipRanks’ Stock Analysis page.
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