Issue of Equity and Total Voting Rights update

RNS Number : 5262Q

Gemfields Group Limited

30 June 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")

Company Secretary Dealing, Issue of Equity and Total Voting Rights update

LONDON, 30 JUNE 2022

In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 1,391,000 new ordinary shares of USD0.00001 each in the Company ("Ordinary Shares") following the exercise of share options by Toby Hewitt, Gemfields' Company Secretary and General Counsel.

Toby Hewitt is not a PDMR of the Company. Toby Hewitt exercised 191,000 share options at an exercise price of ZAR2.97 per Ordinary Share and 1,200,000 share options at an exercise price of ZAR2.30. Following the above transaction, Toby Hewitt has no interests in any Ordinary Shares.

Applications have been made for the new Ordinary Shares to be admitted to trading on AIM and the JSE, both of which are expected to occur on or around 1 July 2022 ("Admission"). 

Following Admission there will be 1,184,747,037 Ordinary Shares in issue with each Ordinary Share carrying the right to one vote. This is also the total voting rights figure which may be used by shareholders as the denominator for the calculations by which they can determine whether they are required to notify their interests in, or a change to their interest in the Company.  

Notification of a Transaction in terms of the JSE Listings Requirements

Name		Toby Hewitt
Position		Company Secretary and General Counsel
Nature of the transaction		Exercise of Share Options in respect of Ordinary Shares
Price(s) and volume(s)
		Price(s)	Volume(s)	Total Rand Value of the Share Options
		ZAR2.97	191,000	567,270
		ZAR2.30	1,200,000	2,760,000
Date of the transaction		30 June 2022
Clearance obtained		Yes
Place of the transaction		London Stock Exchange

-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
SEDIBELO SALE PROCESS	Liberum Nehal Patel T: [phone]
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

 

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