Directors dealings: Assore International ups stake in Gemfields further

The miner said that on 18 October Assore had purchased approximately 12.2m shares, taking its total stake to 340.4m shares of roughly 28.27% of Gemfields's shares for a 29.19% stake in those shares with voting rights.

Patrick Sacco and Kieran Daly, who held the positions of non-executive director and alternate non-executive director at Gemfields, were also managing director and non-executive director at Assore, respectively.

Sacco also held a beneficial interest in Assore.

On 14 September, the gemstones miner and Faberge owner had reported a sharp drop in profit and revenues at the half-year stage.

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