ScotGems plc
LEI Number:
549300GQHCPU9P1NYM13
9 March 2022
Resignation of the Investment
Manager
The Board of ScotGems plc (“the Company”) has today
received notice to terminate the Alternative Investment Fund
Management Agreement (“AIFM Agreement”), dated 2 June 2017 from First Sentier Investors (UK)
Funds Limited.
The termination will not take effect until a replacement manager
is appointed, subject to a maximum period of six months from
today’s date. The Investment Management Agreement between the
Company, First Sentier Investors (UK) Funds Limited and First
Sentier Investors International IM Limited dated 2 June 2017 will terminate automatically at the
same time as the AIFM Agreement.
The Board continues to consider its options with respect to the
future of the Company and will communicate further with
shareholders when a decision has been reached.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014, as it
forms part of UK Domestic Law by virtue of the European Union
(Withdrawal) Act 2018 and is disclosed in accordance with the
Company's obligations under Article 17 of MAR. Upon the publication
of this announcement via a Regulatory Information Service, this
inside information will be considered to be in the public
domain.
Enquiries:
Juniper Partners Limited
(Secretary)
0131 378 0500
Douglas
Armstrong
Dickson
Minto (Sponsor)
020 7649 6823