REG - Gemfields Group Ltd - Dividend Finalisation

GemfieldsAnnouncement

14/04/2023 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230414:nRSN1931Wa&default-theme=true

RNS Number : 1931W  Gemfields Group Limited  14 April 2023

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")

 

Dividend Finalisation

LONDON, 14 APRIL 2023

Further to the Company's announcement on 24 March 2023 containing details of
the Final Dividend of USD 35 million ("Dividend") declared by Gemfields,
notice is hereby given that the dividend, being a gross dividend of USDc
2.87994 per ordinary share, payable from income reserves, will be converted
from United States Dollars (USD) to South African Rand (ZAR) and Great British
Pounds (GBP) at the below exchange rates of Thursday, 13 April 2023, obtained
from currency conversion transactions the Company has entered into:

·    JSE shareholders - USD/ZAR 18.2519, equating to a dividend of ZARc
52.56438 per share

·    AIM shareholders - USD/GBP 0.7969, equating to a dividend of GBP
pence 2.29502 per share

 

The gross dividend of USDc 2.87994 per ordinary share is lower than previously
stated in the annual results announcement from 24 March 2023, as a result of
872,240 new ordinary shares issued and allocated by Gemfields on 11 April
2023, and 720,000 new ordinary shares which have been applied for listing with
effect from 19 April 2023, following the exercise of share options. The number
of ordinary shares in issue as of 19 April 2023 is due to be 1,215,304,548
shares.

Shareholders are reminded that the relevant dates relating to the payment of
the Dividend are as follows:

                                                                          2023
 Last date to effect removal of shares between the UK (AIM) and SA (JSE)  Monday, 24 April
 registers
 The last day to trade in Gemfields shares in SA in order to qualify to   Monday, 24 April
 participate in the Dividend
 Shares start trading 'ex' dividend in SA                                 Tuesday, 25 April
 The last day to trade in Gemfields shares in UK in order to qualify to   Wednesday, 26 April
 participate in the Dividend
 Shares start trading 'ex' dividend in UK                                 Thursday, 27 April
 Record date for participation in the Dividend                            Friday, 28 April
 Removal of shares between UK and SA registers permissible from           Tuesday, 2 May
 Payment date                                                             Friday, 12 May

 

Share certificates may not be dematerialised or re-materialised between
Tuesday, 25 April 2023 and Friday, 28 April 2023, both days inclusive.

 

Additional information for South African resident shareholders of Gemfields is
noted below:

 

·    Tax reference number in (United Kingdom) is 32518 26138.

·    The issued ordinary share capital of Gemfields is 1,215,304,548
ordinary shares following the issuance and subsequent listing with effect from
on 19 April 2023.

·    The dividend paid by Gemfields to South African resident shareholders
registered on the South African register is subject to South African Dividend
Tax ("Dividend Tax") of 20% (subject to any available exemptions as
legislated).

·    Shareholders are advised that Gemfields will not deduct any
applicable Dividend Tax at source.

·    Shareholders registered on the South African register who are exempt
from paying the Dividend Tax will receive a dividend of ZARc 52.56438 per
share paid by Gemfields. These exempt shareholders are advised to contact
their broker or CSDP (Central Securities Depository Participant) to confirm
their tax status to ensure no Dividend Tax is deducted by the regulatory
intermediary.

·    Shareholders registered on the South African register who are not
exempt from paying the Dividend Tax will receive a net dividend of ZARc
42.05150 per share (gross dividend of ZARc 52.56438 per share less Dividend
Tax of ZARc 10.51288 per share). These non-exempt shareholders are advised to
contact their broker or CSDP so that the Dividend Tax can be withheld by the
regulatory intermediary.

·    Shareholders who are in doubt as to their tax status or position or
any other matter, including, inter alia, any exchange control requirement,
should consult an appropriate independent professional advisor in their
relevant jurisdiction without delay.

 

-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:
ir@gemfields.com (mailto:ir@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 / Ian Hughes

                            ir@gemfields.com (mailto:ir@gemfields.com)

T:  +44(0) 20 7518 3400
 SPONSOR (JSE)              Investec Bank Limited
 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 responsible miner and marketer of 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)

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DIVUOVAROWUSAUR