REG - Shefa Gems Ltd - Notice of AGM

Shefa GemsAnnouncement

07/04/2022 07:30

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RNS Number : 6131H  Shefa Gems Ltd  07 April 2022

7 April 2022

 

Shefa Gems Ltd.

 

("Shefa Gems" or the "Company")

 

Publication of Circular and Notice of Annual and Extraordinary General Meeting

 

Shefa Gems Ltd (LSE: SEFA) hereby gives notice that the Annual and
Extraordinary General Meeting ("AGM", or the "Meeting") of the Company is to
be held at the Company's headquarters at 90 Herzel St., Natanya, Israel on
Monday, 12 May 2022 at 11:00 a.m. (BST).

The Notice of AGM circular, which includes information on the resolutions to
be considered at the Meeting, will be available to the public from its date of
publication until the date of the AGM on the Company's
websites: https://www.shefagems.com/lse (https://www.shefagems.com/lse) and
https://alephtechnologies.tech/ (https://alephtechnologies.tech/) .  It will
also be available for viewing at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

 

 

Enquiries:

 Shefa Gems Ltd
 Alon Shani - Chairman    +44 7785 727595

 

Notes to Editors:

 

About Shefa Gems Ltd

 

Shefa Gems Ltd (LSE: SEFA) was previously engaged in the exploration and
mining of gemstones in Northern Israel, operating multiple exploration sites
located across the Kishon River catchment area of Haifa and Mt Carmel.
Following a strategic review, it was determined that the Company could no
longer justify the costs of being a listed company, and that any future funds
raised on the basis of exploration activity should be entirely dedicated to
the development of mining activity.  On 1 June 2021, the Company announced an
agreement with the "Shany Group," a consortium of investors led by Mr. Alon
Shany and Ms. Eva Abittan, wherein the Shany Group and other unrelated parties
would pay an amount of approximately GBP 756,000 in return for a subscription
to approximately 85% of the Company's issued share capital.  Additionally,
the Company would transfer all of its exploration and mining assets to its
wholly-owned subsidiary, Shefa in Israel (G.M.) Ltd (the "Subsidiary", a
private company registered in Israel) and distribute ownership of the
Subsidiary to all of the Company's existing Shareholders via a dividend in
specie.  The transaction was approved by the Company's shareholders on 9
August 2021.  The dividend in specie has yet to be completed.

For further information please visit the website
at https://www.shefagems.com/lse (https://www.shefagems.com/lse)

 

- Ends -

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