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Shareholders accounting for nearly a fifth (18.4%) of shares in Gem Diamonds (GEMD) have voted against the re-election of Clifford Elphick as chief executive.
The opposition represented 26.9% of votes cast at the annual general meeting. Two other directors were also left with red faces with one fifth of votes in favour of removing chief legal and commercial officer Glenn Turner and non-executive Gavin Beevers.
Shares in the miner hit an all-time low of 86.5p in April following a slump in earnings.
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