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Pallinghurst Rebrands as Gemfields Group

Change stems from company’s decision to focus more on colored gemstones.
Jun 27, 2018 7:09 AM   By Rapaport News
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RAPAPORT... Pallinghurst Resources has changed its name to Gemfields Group as it turns its primary focus to colored gemstones.

The group’s shareholders overwhelmingly voted in favor of the change at its annual general meeting Tuesday. It will use the new name on the Johannesburg Stock Exchange beginning July 11.

The company, which also extracts platinum-group metals and manganese, pursued the name change to reflect its recent strategic shift toward gemstones, it explained last month.

Additionally, shareholders voted to reelect Erich Clarke, Kwape Mmela, Christo Wiese, CEO Sean Gilbertson and David Lovett as directors.

Pallinghurst acquired emerald-and-ruby miner Gemfields in June 2017, having previously been its largest shareholder. It subsequently delisted the company from the stock exchange.
Tags: Christo Wiese, David Lovett, Erich Clarke, Gemfields, Gemfields Group, Kwape Mmela, Pallinghurst, Pallinghurst Group, Pallinghurst Resources, Rapaport News, Sean Gilbertson
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