Remuneration Policy and Long Term Incentive Plan

RNS Number : 8243X

Gemfields Group Limited

01 September 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")

Invitation to Shareholders: the Company's Remuneration Policy and Long Term Incentive Plan

LONDON, 1 SEPTEMBER 2022

At the Company's AGM on 29 June 2022, more than 25% (27.14%) of the votes were cast against non-binding advisory vote number 1, to endorse the Company's Remuneration Policy. The non-binding advisory vote number 2, to endorse the Company's Remuneration Implementation Report, was carried.

In keeping with the recommendations of the King IV Report on Corporate Governance for South Africa and paragraph 3.84(k) of the JSE Listings Requirements, shareholders are hereby invited to raise their concerns and/or recommendations on the Company's Remuneration Policy (as set out within the Remuneration Committee Report in the Company's Annual Report for the year ending 31 December 2021), by means of a Microsoft Teams conference call with the Company's Remuneration Committee, to be held at 10am BST on Tuesday, 13 September 2022. The above-mentioned call will also be an opportunity for shareholders to express views on the Company's proposed new Long Term Incentive Plan ("LTIP"). A document setting out the Company's detailed proposals with respect the LTIP will be posted on the Company's website at https://www.gemfieldsgroup.com/changes-to-the-companys-remuneration-policy/ shortly.

Shareholders who wish to participate in the conference are requested to contact the Company Secretary, confirming the relevant shareholder's name, address and Shareholder Reference Number, at the email address below by 5pm BST, Friday, 9 September 2022, in order to obtain joining instructions for the conference.

[e-mail]

-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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