Standard form for notification of major holdings

RNS Number : 3702G

Gemfields Group Limited

17 March 2020

 

GEMFIELDS GROUP LIMITED

(Incorporated in Guernsey)

(Guernsey registration Number: 47656)

(South African external company registration number 2009/012636/10)

Share code on JSE:GML  / AIM:GEM / BSX:GML.BH

  ISIN: GG00BG0KTL52  LEI: 21380017GAVXTCYS5R31

("Gemfields" or the "Company")

17 March 2020 

Further to the announcement of 16 March 2020 in relation to the disclosure of beneficial interests in the Company's securities the related TR-1 form for Rational Expectations (Pty) Ltd can be found below.

TR-1: S tandard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii :			Gemfields Group Limited
1b. Please indicate if the issuer is a non-UK issuer ( please mark with an "X" if appropriate)
Non-UK issuer						X
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligation iv
Name			Rational Expectations (Pty) Ltd
City and country of registered office (if applicable)			South Africa, Cape Town
4. Full name of shareholder(s) (if different from 3.) v
Name			Rational Expectations (Pty) Ltd Rozendal & Associates Holdings Limited Afrika Avontuur Kapitaal (Pty) Ltd Afrika Avontuur Trust Potdrie (Pty) Ltd Ms Sophia Lynette du Pre Le Roux Mr Johan Michel du Pre Le Roux Mr Christo Norman du Pre Le Roux
City and country of registered office (if applicable)			South Africa, Cape Town, except Rozendal & Associates Holdings Limited whose registered office is situated in Port Louis, Mauritius.
5. Date on which the threshold was crossed or reached vi :			12 March 2020
6. Date on which issuer notified (DD/MM/YYYY):			13 March 2020
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuer vii
Resulting situation on the date on which threshold was crossed or reached	5.62%	0%		5.62%	65,863,433
Position of previous notification (if applicable)	N/A	N/A		N/A

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights ix					% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
AIM: GEM.L		5,555,555		0			0.47%		0%
JSE: GML.JO		54.992,687		5,315,191			4.70%		0.45%
SUBTOTAL 8. A		65,863,433					5.62%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration date x	Exercise/ Conversion Period xi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
N/A		N/A	N/A			N/A			N/A
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration date x		Exercise/ Conversion Period xi		Physical or cash settlement xii			Number of voting rights	% of voting rights
N/A	N/A		N/A		N/A			N/A
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity xiv (please add additional rows as necessary)				X
Name xv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Rational Expectations (Pty) Ltd	4.70%	0%	4.70%
Rozendal & Associates Holdings Limited	0.47%	0%	0.47%
Afrika Avontuur Kapitaal (Pty) Ltd	0.27%	0%	0.27%
Afrika Avontuur Trust	0.09%	0%	0.09%
Potdrie (Pty) Ltd	0.08%	0%	0.08%
Mr Christo Norman du Pre Le Roux	0.002%	0%	0.002%
Ms Sophia Lynette du Pre Le Roux	0.002%	0%	0.002%
Mr Johan Michel du Pre Le Roux	0.002%	0%	0.002%
10. In case of proxy voting, please identify:
Name of the proxy holder		Not applicable
The number and % of voting rights held		Not applicable
The date until which the voting rights will be held		Not applicable
11. Additional information xvi

Place of completion	Cape Town
Date of completion	16 March 2020

Further information on Gemfields Group Limited can be found at www.gemfieldsgroup.com

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For any press enquiries please contact us on [e-mail] 

Enquiries:

Gemfields	Nominated Adviser and Broker (AIM)
Sean Gilbertson / David Lovett / Mark Lawrie	finnCap
Tel: [phone]	Scott Mathieson / Edward Whiley
	Tel: [phone]
Sponsor (JSE)	IR / Financial PR
Investec Bank Limited	Camarco
	Gordon Poole / Jennifer Renwick / Nick Hennis
	Tel: [phone]

Additional information on Gemfields

Gemfields is a world leading supplier of responsibly sourced 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 licenses 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, 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 and has played an important role in the growth of the global coloured gemstone sector.

 

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