REG - Gemfields Group Ltd - Holding(s) in Company, Director/PDMR shareholdings

GemfieldsAnnouncement

02/11/2023 08:00

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RNS Number : 1757S  Gemfields Group Limited  02 November 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")

 

Notification of major holdings, Director/PDMR shareholdings

LONDON, 2 NOVEMBER 2023

In compliance with paragraph 3.83(b) of the JSE Listings Requirements and AIM
Rule 17, shareholders are advised that Gemfields received formal notification
on 1 November 2023 from Assore International Holdings Limited ("Assore") that
it acquired 12,219,181 ordinary shares of USD0.00001 each in Gemfields
("Ordinary Shares") on 18 October 2023.

As of 18 October 2023, Assore held a total of 340,367,121 Ordinary Shares in
the Company, equivalent to 28.27 per cent of the total issued shares in the
Company (excluding treasury shares). Assore's completed TR-1 form has been
released separately.

Shareholders are advised that Assore's shareholding represents 29.19 per cent
of the total issued shares in Gemfields that carry voting rights as at today's
date, following Gemfields share buyback repurchases announced on the 19
October 2023 and 23 October 2023.

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

 

 

 

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. Mr Sacco is Managing Director of, and

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

                                                                                         Price(s)              Volume(s)
                                                                                         R3.15                 12,219,181

 d)   Aggregated information

      - Aggregated volume                                          12,219,181

      - Price                                                      R3.15
 e)   Date of the transaction                                      18 October 2023

 f)   Place of the transaction                                     Johannesburg 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:
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          Cavendish Capital Markets Limited

(AIM) & JOINT BROKER      Neil McDonald / Edward Whiley / Tim Redfern
                            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
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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