REG - Gemfields Group Ltd - Result of AGM

GemfieldsAnnouncement

25/06/2024 15:30

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RNS Number : 8324T  Gemfields Group Limited  25 June 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")

Results of Annual General Meeting

LONDON, 25 JUNE 2024

Shareholders are advised that the Company's Annual General Meeting ("AGM") was
held today, Tuesday 25 June 2024.

All ordinary resolutions were passed by the requisite majority of
shareholders. Both non-binding advisory votes were also passed, with the
support of over 75% of shareholders.

The Company acknowledges that special resolution 1 was not passed by the
requisite 75% of shareholders required.

Details of the voting results at the AGM are as follows:

 Total number of Ordinary Shares (with voting rights)                          1,166,695,130
 Total number of Ordinary Shares present/represented including proxies at the  785,134,494
 meeting (including shares abstained from voting)
 Percentage of Ordinary Shares represented at the meeting                      67.30%

 

 

 Resolution proposed                                                             For          Against      Abstain (1)
 Ordinary resolution 1:
 To adopt the Company's Annual Report for the year ended 31 December 2023        785,106,596  0            27,898

                                                                                 100.00%      0.00%        0.00%
 Ordinary resolution 2:
 To re-elect Mary Reilly, who is retiring by rotation, as a Director of the      604,127,634  180,832,078  174,782
 Company

                                                                                 76.96%       23.04%       0.01%
 Ordinary resolution 3:
 To re-elect Kwape Mmela, who is retiring by rotation, as a Director of the      784,693,835  266,677      173,982
 Company

                                                                                 99.97%       0.03%        0.01%
 Ordinary resolution 4:
 To re-elect Mary Reilly (subject to her re-election as a Director pursuant to   604,053,636  180,906,876  173,982
 ordinary resolution 2), to the Company's Audit Committee

                                                                                 76.95%       23.05%       0.01%
 Ordinary resolution 5:
 To re-elect Lumkile Mondi to the Company's Audit Committee                      604,241,274  180,718,438  174,782

                                                                                 76.98%       23.02%       0.01%
 Ordinary resolution 6:
 To re-appoint Ernst & Young LLP as the Company's auditor (until the             785,036,164  83,548       14,782
 conclusion of the 2025 annual general meeting) and to authorise the Directors

 to fix their remuneration                                                       99.99%       0.01%        0.00%
 Special resolution 1:
 General authority to issue shares for cash and waiver of pre-emption            513,345,866  271,753,154  35,474

                                                                                 65.39%       34.61%       0.00%
 Non-binding advisory vote:
 Endorsement of the Company's Remuneration Policy                                781,415,594  3,662,913    55,987

                                                                                 99.53%       0.47%        0.00%
 Non-binding advisory vote:
 Endorsement of the Company's Remuneration Implementation Report                 600,836,842  184,241,665  55,987

                                                                                 76.53%       23.47%       0.00%

 

(1) Abstentions are represented as a percentage of total number of Ordinary
Shares (with voting rights).

 

-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 / Charlie Dingwall

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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