PDMR Dealing, Issue of Equity and TVR Update

RNS Number : 7299B

Gemfields Group Limited

05 October 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")

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

LONDON, 5 October 2022

In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 20,144,730 new ordinary shares of USD0.00001 each in the Company ("Ordinary Shares") following the exercise of share options by group employees and David Lovett (PDMR), Adrian Banks (PDMR) and Toby Hewitt (Company Secretary).

David Lovett is a PDMR of the Company. David Lovett exercised 7,000,000 share options at an exercise price of ZAR2.30 per Ordinary Share and 1,184,200 share options at an exercise price of ZAR2.97 per Ordinary Share. Shareholders are advised that David Lovett has exercised the above share options (8,184,200 share options in total) on a 'sell to retain' basis, meaning that David Lovett intends to sell a sufficient number of Ordinary Shares to satisfy his tax liability and costs of the associated transactions such that he will retain 1,400,000 Ordinary Shares pursuant to the exercise of his options. Following the above transaction, David Lovett will own 1,442,000 Ordinary Shares, representing 0.12 per cent of the Company.  

Adrian Banks is a PDMR of the Company. Adrian Banks exercised 6,000,000 share options at an exercise price of ZAR2.30 per Ordinary Share and 553,900 share options at an exercise price of ZAR2.97 per Ordinary Share. Adrian Banks intends to sell all of the Ordinary Shares from this exercise of options. Following the above transaction, Adrian Banks will own no Ordinary Shares.

Toby Hewitt is the Company Secretary of the Company. Toby Hewitt exercised 1,500,000 share options at an exercise price of ZAR2.30 per Ordinary Share and 191,000 share options at an exercise price of ZAR2.97 per Ordinary Share. Toby Hewitt intends to sell all of the Ordinary Shares from this exercise of options. Following the above transaction, Toby Hewitt will own no Ordinary Shares.

A further announcement will be made once the sales of the above Ordinary Shares by David Lovett, Adrian Banks and Toby Hewitt are completed.

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 6 October 2022 ("Admission").   

Following Admission there will be 1,204,948,507 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 pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Lovett
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	Exercise of Share Options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			ZAR2.97	1,184,200
			ZAR2.30	7,000,000
d)	Aggregated information
	- Aggregated volume	8,184,200
	- Price	ZAR2.30 and 2.97
e)	Date of the transaction	5 October 2022
f)	Place of the transaction	London Stock Exchange

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	Adrian Banks
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	Exercise of Share Options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			ZAR2.97	553,900
			ZAR2.30	6,000,000
d)	Aggregated information
	- Aggregated volume	6,553,900
	- Price	ZAR2.30 and 2.97
e)	Date of the transaction	5 October 2022
f)	Place of the transaction	London Stock Exchange

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)
		ZAR2.97	191,000
		ZAR2.30	1,500,000
Date of the transaction		5 October 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 Scott Mathieson 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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DSHFSUFSLEESEES