Gemfields applies for cancellation of Aim listing

Gemfields has, at the request of Pallinghurst Resources, applied to the LSE for the cancellation of admission to trading its shares on Aim. Pallinghurst, led by CEO Arne Frandsen, on Tuesday said its offer to acquire the remaining interest in Gemfields had been accepted by shareholders holding 75.18% of Gemfields’ shares. The deal has also been approved by the majority of Pallinghurst’s shareholders.