PALLINGHURST RESOURCES LIMITED - Working Capital Facility Issued
PGL 201404170043A
Working Capital Facility Issued
PALLINGHURST RESOURCES LIMITED
(Incorporated in Guernsey)
(Guernsey registration Number: 47656)
(South African external company registration number 2009/012636/10)
Share code on the BSX: PALLRES ISIN: GG00B27Y8Z93
Share code on the JSE: PGL
("Pallinghurst" or the "Company")
Issuing US$15 million working capital facility to Gemfields
Pallinghurst has agreed to provide a US$15 million, twelve month working capital facility (the “Facility”) to
Gemfields plc, in line with the Company’s strategy of providing support to its investment companies.
The Facility is repayable in cash, together with accrued interest, on 30 April 2015. There are no penalties for
early repayment. The Facility has an interest rate of 3 month USD LIBOR plus 4.5% per annum and an
arrangement fee of 2%.
Entering into the Facility has not had an immediate effect on Pallinghurst’s Net Asset Value.
Guernsey
17 April 2014
Sponsor
Investec Bank Limited
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