REG - Gemfields Group Ltd - Dividend Finalisation

GemfieldsAnnouncement

28/05/2024 07:00

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RNS Number : 9522P  Gemfields Group Limited  28 May 2024

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, 28 MAY 2024

Further to the Company's declaration on 25 March 2024 of a final dividend for
the year to 31 December 2023 of USD 10 million ("Dividend"), notice is hereby
given that the dividend, being a gross dividend of USDc 0.85712 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 Friday, 24 May 2024, obtained from currency
conversion transactions the Company has entered into:

·    JSE shareholders - USD/ZAR 18.3711, equating to a dividend of ZARc
15.74624 per share

·    AIM shareholders - USD/GBP 0.7847, equating to a dividend of GBP
pence 0.67258 per share

 

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

 Event                                                                    Dates (2024)
 Last date to effect removal of shares between the UK (AIM) and SA (JSE)  Tuesday 4 June
 registers
 The last day to trade in Gemfields shares in SA in order to qualify to   Tuesday 4 June
 participate in the Dividend
 Shares start trading 'ex' dividend in SA                                 Wednesday 5 June
 The last day to trade in Gemfields shares in UK in order to qualify to   Wednesday 5 June
 participate in the Dividend
 Shares start trading 'ex' dividend in UK                                 Thursday 6 June
 Record date for participation in the Dividend                            Friday 7 June
 Removal of shares between UK and SA registers permissible from           Monday 10 June
 Payment date                                                             Monday 24 June

 

Share certificates may not be dematerialised or re-materialised between
Wednesday, 5 June 2024 and Friday, 7 June 2024, 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 1,166,695,130
ordinary shares.

·    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 15.74624 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
12.59699 per share (gross dividend of ZARc 15.74624 per share less Dividend
Tax of ZARc 3.14925 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    Liberum

(AIM) & BROKER
Scott Mathieson / John More / Anake Singh
                      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
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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