Business
Exercise of Over-Allotment
Exercise of Over-Allotment.
About this update from Gem Diamonds Limited
[{"type":"text","content":"\n Gem Diamonds Limited\n23 February 2007\n\n\nThe information contained herein is restricted and is not for publication,\nrelease or distribution, directly or indirectly, in or into the United States,\nAustralia, Canada or Japan or to residents or citizens of Australia, Canada or\nJapan.\n\n\nThe information contained herein does not amount to, nor should it be construed\nas, an 'offer to the public' in relation to South African residents.\n\n\n\n23 February 2007\n\n\n Gem Diamonds Limited\n ('Gem Diamonds' or the 'Company')\n\n Announcement of Exercise of Over-Allotment Option\n\n\nGem Diamonds announces that, in connection with its initial public offering of\nordinary shares, (the 'Global Offer'), JPMorgan Cazenove Limited, as stabilising\nmanager and on behalf of the underwriter of the Global Offer, has today given\nnotice to exercise in full the over-allotment option in respect of 4.1m new\nordinary shares at the offer price of 950 pence per ordinary share, raising\nadditional gross proceeds for the Company of approximately £39 million.\n\n\nIncluding the exercise of the over-allotment option, the Company now has in\nissue 61,965,209 ordinary shares.\n\n\nENQUIRIES\n\nGem Diamonds Limited\nGraham Wheelock Tel: +44 7799 831912\nKevin Burford Tel: +27 83 308 5062\nAngela Parr Tel: +27 83 578 3885\n\n\nJPMorgan Cazenove Tel: +44 207 588 2828\nIan Hannam\nNeil Passmore\n\n\nMerlin Tel: +44 207 653 6620\nDavid Simonson\nBridget Fury\n\n\n\nThis announcement has been prepared and issued by Gem Diamonds Limited and is\nthe sole responsibility of Gem Diamonds Limited.\n\n\nThis announcement may not be distributed, directly or indirectly, in or into the\nUnited States, Canada, Australia or Japan. This announcement does not constitute\nor form part of an offer to sell or issue, or any solicitation of an offer to\nbuy or subscribe for, any securities referred to herein in the United States or\nin any other jurisdiction. The Offer and the distribution of this announcement\nand other information in connection with the Offer in certain jurisdictions may\nbe restricted by law and persons into whose possession any document or other\ninformation referred to herein comes should inform themselves about and observe\nany such restriction. Any failure to comply with these restrictions may\nconstitute a violation of the securities laws of any su...