Director/PDMR Shareholding

RNS Number : 9871K

Gemfields Group Limited

10 May 2022

 

Incorporated in Guernsey. Guernsey registration Number: 47656.

South African external company registration number 2009/012636/10

Share code on JSE:GML  / AIM:GEM

  ISIN: GG00BG0KTL52  |  LEI: 21380017GAVXTCYS5R31

("Gemfields" or the "Company")

Director/PDMR Shareholding

LONDON, 10 May 2022

On 21 April 2022 the Company announced that CV Suresh, a PDMR of the Company, had exercised 783,100 share options at an exercise price of ZAR2.97 per Ordinary Share (as defined below) and 2,700,000 share options at an exercise price of ZAR2.30 per Ordinary Share.

In accordance with AIM Rule 17, shareholders are advised that Gemfields has received notice that CV Suresh has sold 3,483,100 ordinary shares of USD0.00001 each in the company ("Ordinary Shares"), at an average price of 3.25 Rand per Ordinary Share. Following the above transaction, Mr Suresh has an interest in 95,600 Ordinary Shares, representing 0.01 per cent of the Company.

In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements, we disclose the following additional information:

Nature of transaction	On market sale of shares
Volume weighted average price	R3.25 (R3.22 net of transaction costs)
Total value of transaction	R11,207,488.05  (net of transaction costs)
Highest price	R3.30
Lowest price	R3.25
Nature of interest	DIRECT BENEFICIAL

Clearance was obtained for the above dealings in securities.

-ENDS-

Further information on Gemfields Group Limited can be found at:

  GEMFIELDSGROUP.COM

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ENQUIRIES

GEMFIELDS	Sean Gilbertson / David Lovett T:  [phone]
SPONSOR (JSE)	Investec Bank Limited
NOMINATED ADVISER (AIM) & JOINT BROKER	finnCap Christopher Raggett / Tim Redfern / Edward Whiley T: [phone]
JOINT BROKER	Liberum Scott Mathieson / Kane Collings T: [phone]
FINANCIAL PR/ IR	Camarco Gordon Poole / Emily Hall T: [phone]

ADDITIONAL INFORMATION ON GEMFIELDS

Gemfields is a world-leading miner of responsible coloured gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world's single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also holds controlling interests in various other gemstone mining and prospecting licences in Zambia, Mozambique, Ethiopia and Madagascar.

Gemfields' outright ownership of Fabergé - an iconic and prestigious brand of exceptional heritage - enables Gemfields to optimise positioning, perception and consumer awareness of coloured gemstones through Fabergé designs, advancing the wider group's "mine and market" vision.

Gemfields has developed a proprietary grading system and a pioneering auction and trading platform to provide a consistent supply of coloured gemstones to downstream markets, a key component of Gemfields' business model that has played an important role in the growth of the global coloured gemstone sector.

GEMFIELDS

GEMFIELDS.COM | INVESTORS | FOUNDATION

INSTAGRAM | FACEBOOK | TWITTER | YOUTUBE

FABERGÉ

FABERGÉ.COM | INSTAGRAM | FACEBOOK | TWITTER | YOUTUBE

KAGEM MINING LINKEDIN

MONTEPUEZ RUBY MINING LINKEDIN

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	CV Suresh
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Gemfields Group Limited
b)	LEI	21380017GAVXTCYS5R31
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares of USD0.00001 each
	Identification code	ISIN: GG00BG0KTL52
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R3.25 to R3.30	3,483,100
d)	Aggregated information
	- Aggregated volume	3,483,100
	- Price	R3.25
e)	Date of the transaction	10 May 2022
f)	Place of the transaction	London Stock Exchange

 

END

 

 

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