Holding(s) in Company

RNS Number : 9221B

Gem Diamonds Limited

25 February 2011

 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				Gem Diamonds Limited
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					x
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		FMR LLC
4. Full name of shareholder(s)  (if different from 3.):iv		See attached schedule
5. Date of the transaction and date on which the threshold is crossed or reached: v		22 February 2011
6. Date on which issuer notified:		24 February 2011
7. Threshold(s) that is/are crossed or reached: vi, vii		5%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Indirect

Direct xi

Indirect xii

Direct

Indirect

6,044,056

6,044,056

6,921,400

6,921,400

5,00

VGG379591065

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

6,921,400

5,00

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
See attached schedule
Proxy Voting:
10. Name of the proxy holder:		FMR LLC
11. Number of voting rights proxy holder will cease to hold:		877,344
12. Date on which proxy holder will cease to hold voting rights:		22 February 2011
13. Additional information:	None.
14. Contact name:	Shaheen Hussain
15. Contact telephone number:	[e-mail], 01737 837149

FMR
Issuer name:	GEM DIAMONDS LTD
Current ownership percentage:	5.00%
Total shares held:	6,921,400
Issued share capital:	138,267,181
	SHARES HELD		NOMINEE		MANAGEMENT COMPANY
FMR LLC is the parent holding company of Fidelity Management & Research Company (FMRCO), investment manager for US mutual funds, FIL Management Trust Company (FMTC), Pyramis Global Advisors Trust Company (PGATC), a US stale chartered bank which acts as a trustee or investment manager of various pension and trust accounts Pyramis Global Advisors LLC (PGALLC) and Pyramis Trust Company (PTC).	1,955,500 3,965,900 1,000,000		JO MORGAN CHASE BANK NORTHERN TRUST CO STATE STREET BANK AND TR CO		FMRCO FMRCO FMRCO

 

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