Gemfields chairman and director, Brian Gilbertson, has stepped down as head of the gemstone firm to avoid a “possible impediment to robust corporate governance.” This development and its timing stem from Gemfields’ ongoing work toward obtaining a dual listing on the London Stock Exchange’s AIM market. “This ongoing process has highlighted the father‐and‐son relationship between […]
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]]>The Watches of Switzerland Group chief executive Brian Duffy sold 1,868,694 shares of the company’s stock just days after the successful initial public offering on the London Stock Exchange. A disclosure to the exchange, which requires notification of transactions by Directors, Persons Discharging Managerial Responsibilities (PDMRs) and persons closely associated with them, says that Duffy’s […]
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]]>Watches of Switzerland made its IPO on the London Stock Exchange yesterday, with shares climbing over 15% within hours. With an initial share price at 270p, the top end of the 250p-277p range it had targeted, shares went on to reach a peak of 315p on the group’s LSE debut yesterday morning (May 30). The […]
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]]>The price is based on a price to earnings multiplier of 13x to 14x on net income of £47 million forecast for April 2020, and would value the company at between £610 million and £660 million. An alternative way financial markets value a company, which takes into account debt and cash on the balance sheet, […]
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