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")
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)
Nature of interest
Clearance was obtained for the above dealings in securities.
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Sean Gilbertson / David Lovett
Investec Bank Limited
FINANCIAL PR/ IR
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.
KAGEM MINING LINKEDIN
MONTEPUEZ RUBY MINING LINKEDIN
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Gemfields Group Limited
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
Description of the financial instrument, type of instrument
Ordinary Shares of USD0.00001 each
Nature of the transaction
Sale of Ordinary Shares
Price(s) and volume(s)
R3.25 to R3.30
- Aggregated volume
Date of the transaction
10 May 2022
Place of the transaction
London Stock Exchange