Pallinghurst eyeing London listing following Gemfields acquisition

Following Pallinghurst’s restructuring and successful acquisition of emerald miner Gemfields, the JSE-listed diversified miner will now commence with the preparatory work to potentially obtain a premium listing on the London Stock Exchange, with Gemfields delisting from London’s Aim stock exchange by month end. Following the takeover offer by Pallinghurst in May to acquire the entire issued and to-be-issued share capital of Gemfields, almost 90% of Gemfields’ shareholders have accepted Pallinghurst’s offer.