REG - Gemfields Group Ltd - Director/PDMR Shareholding

GemfieldsAnnouncement

07/10/2022 09:15

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RNS Number : 1592C  Gemfields Group Limited  07 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")

 

Director/PDMR and Company Secretary Shareholdings

LONDON, 7 October 2022

On 5 October 2022 the Company announced that: (i) David Lovett, a PDMR of the
Company, had exercised 1,184,200 share options at an exercise price of ZAR2.97
per ordinary share of USD0.00001 each in the company ("Ordinary Share") and
7,000,000 share options at an exercise price of ZAR2.30 per Ordinary Share;
(ii) Adrian Banks, a PDMR of the Company, had exercised 553,900 share options
at an exercise price of ZAR2.97 per Ordinary Share and 6,000,000 share options
at an exercise price of ZAR2.30 per Ordinary Share; and (iii) Toby Hewitt, the
Company Secretary of the Company, had exercised 191,000 share options at an
exercise price of ZAR2.97 per Ordinary Share and 1,500,000 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 Mr Lovett, Mr Banks and Mr Hewitt have sold in aggregate
15,029,100 Ordinary Shares at a price of GBP£0.18 pence (equivalent to
ZAR3.60) per Ordinary Share to Assore International Holdings Limited ("AIHL").
Following the above transaction, Mr Lovett owns 1,442,000 Ordinary Shares,
representing 0.12 per cent of the Company, Mr Banks owns 11,888 Ordinary
Shares, representing 0.00 per cent of the Company (a slight increase from that
notified in the announcement made on 5 October 2022), and Mr Hewitt own no
Ordinary Shares.

Patrick Sacco and Kieran Daly are Non-Executive Director and Alternate
Non-Executive Director of the Company, respectively. Mr Sacco is also Managing
Director of, and holds a beneficial interest in, AIHL, and Mr Daly is also a
Non-Executive Director of AIHL. As noted at the time of his appointment, Mr
Sacco is therefore deemed to have a beneficial interest in AIHL's entire legal
holding in Gemfields.

Following the purchase of the 15,029,100 Ordinary Shares as detailed above, as
well as 1,578,280 Ordinary Shares held by other non-PDMR option-holders, AIHL
holds (and consequently Mr Sacco is deemed to have a beneficial interest in)
328,147,940 Ordinary Shares, representing 27.23 per cent. of the Company's
voting rights.

 

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                                    Sale of Ordinary Shares

 c)   Price(s) and volume(s)

                                                                                        Price(s)               Volume(s)
                                                                                        R3.60 (or GBP £0.18)   6,784,200

 d)   Aggregated information

      - Aggregated volume                                          6,784,200 (noting that 1,400,000 shares have been retained by David Lovett)

      - Price                                                      R3.60 (or GBP £0.18)
 e)   Date of the transaction                                      6 October 2022

 f)   Place of the transaction                                     London Stock Exchange

 

In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements, we
disclose the following additional information:

 Nature of transaction       Off market sale of shares
 Total value of transaction  R 24,423,120 (not net of the total exercise costs of the options)
 Nature of interest          Direct Beneficial

 Clearance obtained          Yes

 

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                                    Sale of Ordinary Shares

 c)   Price(s) and volume(s)

                                                                                     Price(s)               Volume(s)
                                                                                     R3.60 (or GBP £0.18)   6,553,900

 d)   Aggregated information

      - Aggregated volume                                          6,553,900

      - Price                                                      R3.60 (or GBP £0.18)
 e)   Date of the transaction                                      6 October 2022

 f)   Place of the transaction                                     London Stock Exchange

 

In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements, we
disclose the following additional information:

 Nature of transaction       Off market sale of shares
 Total value of transaction  R 23,594,040  (not net of the total exercise costs of the options)
 Nature of interest          Direct Beneficial

 Clearance obtained          Yes

 

Notification of a Transaction in terms of the JSE Listings Requirements

 Name                          Toby Hewitt

 Position                      Company Secretary and General Counsel

 Nature of the transaction     Off market sale of Ordinary Shares

 Price(s) and volume(s)
                               Price(s)    Volume(s)
                               ZAR2.97     191,000
                               ZAR2.30     1,500,000

 Total value of transaction    R6,087,600
 Date of the transaction       6 October 2022
 Clearance obtained            Yes
 Nature of interest            Direct Beneficial
 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                                                         Patrick Sacco

 2    Reason for the notification

 a)   Position/status                                              Non-Executive Director

 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                                    Purchase of Ordinary Shares by Assore International Holdings Limited ("AIHL").

                                                            Mr Sacco is Managing Director of, and holds a beneficial interest in, AIHL. Mr
                                                                   Sacco is therefore deemed to have a beneficial interest in AIHL's entire legal
                                                                   holding in Gemfields.
 c)   Price(s) and volume(s)

                                                                                         Price(s)              Volume(s)
                                                                                         R3.60 (or GBP£0.18)   16,607,380

 d)   Aggregated information

      - Aggregated volume                                          16,607,380

      - Price                                                      R3.60 (or GBP£0.18)
 e)   Date of the transaction                                      6 October 2022

 f)   Place of the transaction                                     London Stock Exchange

 

-ENDS-

 

Further information on Gemfields Group Limited can be found at:

 GEMFIELDSGROUP.COM (http://WWW.GEMFIELDSGROUP.COM)

 

To join our investor mailing list, contact us on:
companysecretary@gemfields.com (mailto:companysecretary@gemfields.com)

 

For any press enquiries please contact us on:
gemfields@camarco.co.uk (mailto:gemfields@camarco.co.uk)

ENQUIRIES

 

 

 GEMFIELDS                  Sean Gilbertson / David Lovett

T:  +44(0) 20 7518 3400
 SPONSOR (JSE)              Investec Bank Limited
 SEDIBELO SALE PROCESS      Liberum

                            Scott Mathieson T: +44(0) 20 3100 2222
 NOMINATED ADVISER          finnCap

(AIM) & JOINT BROKER      Christopher Raggett / Tim Redfern / Edward Whiley
                            T: +44(0) 20 7220 0500
 JOINT BROKER               Liberum

Scott Mathieson / Kane Collings
                            T: +44(0) 20 3100 2222
 FINANCIAL PR/ IR           Camarco
                            Gordon Poole / Emily Hall

T: +44(0) 20 3757 4980

 

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 (https://gemfields.com/) (https://gemfields.com/) | INVESTORS
(https://www.gemfieldsgroup.com/) (https://www.gemfieldsgroup.com/)
|FOUNDATION (https://www.gemfieldsfoundation.org/)

INSTAGRAM (https://www.instagram.com/gemfields/)
(https://www.instagram.com/gemfields/) | FACEBOOK
(https://www.facebook.com/Gemfields/) (https://www.facebook.com/Gemfields/) |
TWITTER (https://twitter.com/GemfieldsLtd?lang=en)
(https://twitter.com/GemfieldsLtd?lang=en) | YOUTUBE
(https://www.youtube.com/channel/UCArCE0JFtakTP-tHq6v0KVg)

 

FABERGÉ

FABERGÉ.COM (https://www.faberge.com/) | INSTAGRAM
(https://www.instagram.com/officialfaberge/)
(https://www.instagram.com/officialfaberge/) | FACEBOOK
(https://www.facebook.com/OfficialFaberge)
(https://www.facebook.com/OfficialFaberge) | TWITTER
(https://twitter.com/OfficialFaberge) (https://twitter.com/OfficialFaberge) |
YOUTUBE (https://www.youtube.com/user/officialfaberge)

 

KAGEM MINING LINKEDIN (https://www.linkedin.com/company/kagem-mining-ltd)

MONTEPUEZ RUBY MINING LINKEDIN
(https://www.linkedin.com/company/montepuez-ruby-mining)

 

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