Gemfields PLC Changes to Board of Directors (8698M)
October 18 2016 - 10:46AM
UK Regulatory
TIDMGEM
RNS Number : 8698M
Gemfields PLC
18 October 2016
Gemfields plc
("Gemfields" or "the Company")
Changes to Board of Directors
18 October 2016
Gemfields plc announces the resignation of COO, Devidas Shetty,
who will leave the Gemfields Group and step down from the board of
directors on Monday the 31(st) October 2016 to pursue new
opportunities outside of the business. Janet Boyce, CFO, will join
the board on that date subject to completion of standard director
due diligence.
Ian Harebottle, CEO, said:
"Dev joined Gemfields as CFO in January 2010, becoming COO in
September 2012. He has made a tremendous contribution to the growth
and development of Gemfields and we wish him every success for the
future. His responsibilities will be re-allocated internally.
I am delighted that Janet Boyce, who joined Gemfields as CFO in
August 2013 will join the board in her existing capacity as CFO on
the 1(st) November 2016. "
ENQUIRIES:
Gemfields jj.williams@gemfields.co.uk
+44 (0)20 7659
JJ Williams, Company Secretary 4965
Grant Thornton UK LLP
Nominated Adviser
Philip Secrett/Richard Tonthat/Jamie +44 (0)20 7383
Barklem 5100
J.P. Morgan Cazenove
Joint Broker
+44 (0)20 7742
Jamie Riddell / James Deal 4000
BMO Capital Markets Limited
Joint Broker
Jeff Couch/Neil Haycock/Tom Rider/Jenny +44 (0)20 7236
Wyllie 1010
Macquarie Capital (Europe) Limited
Joint Broker
Raj Khatri/Nick Stamp/Guy de +44 (0)20 3037
Freitas 2000
Tavistock
Jos Simson/Emily Fenton/Barnaby +44 (0)20 7920
Hayward 3150
Notes to Editors:
Gemfields plc is the world's leading supplier of responsibly
sourced coloured gemstones and is quoted on the AIM division of the
London Stock Exchange (ticker: GEM) where it is a constituent of
the AIM50 index.
Gemfields is the operator and 75% owner of both the Kagem
emerald mine in Zambia (believed to be the world's single largest
producing emerald mine) and the Montepuez ruby mine in Mozambique
(one of the most significant recently discovered ruby deposits in
the world). In addition Gemfields also holds a 50% interest in the
Kariba amethyst mine in Zambia, as well as controlling interests in
various other gemstone mining and prospecting licenses in Zambia,
Mozambique, Colombia, Ethiopia, Madagascar and Sri Lanka.
Gemfields' outright ownership of Fabergé - an iconic and
prestigious brand of exceptional heritage - enables Gemfields to
optimise positioning, perception and consumer awareness of coloured
gemstones, advancing the wider group's "mine and market"
vision.
Gemfields has developed a proprietary grading system and a
pioneering auction and trading platform to provide a consistent
supply of quality coloured gemstones to the global downstream
markets. This is a key component of the Company's business model
which the Directors believe has played an important role in the
appropriate distribution and associated resurgence of the global
coloured gemstone sector.
www.gemfields.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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