The company had recently secured about 92.38 percent acceptance for the acquisition of Gemfields.
"I am delighted that Pallinghurst will become successful in acquiring 100 percent of Gemfields,” said Pallinghurst chief executive Arne Frandsen.
“This will allow for the Pallinghurst team to take full operational control, revitalise the company and unlock the synergies.
“This will in turn strengthen and improve Gemfields's operational and financial position."
Following its restructuring and the acquisition of the emerald and ruby mining company, Mining Weekly reports that Pallinghurst would begin preparatory work to obtain a listing on the London Stock Exchange as Gemfields delists from London’s Aim by end of July.
Pallinghurst had been a long-term and supportive investor in Gemfields.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished