REG - Gemfields Group Ltd - PDMR Dealing, Issue of Equity and TVR Update

MicrosoftAnnouncement

05/10/2022 09:33

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RNS Number : 7299B  Gemfields Group Limited  05 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")

 

PDMR Dealing, Company Secretary Dealing, Issue of Equity and Total Voting
Rights update

LONDON, 5 October 2022

In accordance with AIM Rule 17, shareholders are advised that Gemfields has
issued and allotted 20,144,730 new ordinary shares of USD0.00001 each in the
Company ("Ordinary Shares") following the exercise of share options by group
employees and David Lovett (PDMR), Adrian Banks (PDMR) and Toby Hewitt
(Company Secretary).

David Lovett is a PDMR of the Company. David Lovett exercised 7,000,000 share
options at an exercise price of ZAR2.30 per Ordinary Share and 1,184,200 share
options at an exercise price of ZAR2.97 per Ordinary Share. Shareholders are
advised that David Lovett has exercised the above share options (8,184,200
share options in total) on a 'sell to retain' basis, meaning that David Lovett
intends to sell a sufficient number of Ordinary Shares to satisfy his tax
liability and costs of the associated transactions such that he will retain
1,400,000 Ordinary Shares pursuant to the exercise of his options. Following
the above transaction, David Lovett will own 1,442,000 Ordinary Shares,
representing 0.12 per cent of the Company.

Adrian Banks is a PDMR of the Company. Adrian Banks exercised 6,000,000 share
options at an exercise price of ZAR2.30 per Ordinary Share and 553,900 share
options at an exercise price of ZAR2.97 per Ordinary Share. Adrian Banks
intends to sell all of the Ordinary Shares from this exercise of options.
Following the above transaction, Adrian Banks will own no Ordinary Shares.

Toby Hewitt is the Company Secretary of the Company. Toby Hewitt exercised
1,500,000 share options at an exercise price of ZAR2.30 per Ordinary Share and
191,000 share options at an exercise price of ZAR2.97 per Ordinary Share. Toby
Hewitt intends to sell all of the Ordinary Shares from this exercise of
options. Following the above transaction, Toby Hewitt will own no Ordinary
Shares.

A further announcement will be made once the sales of the above Ordinary
Shares by David Lovett, Adrian Banks and Toby Hewitt are completed.

Applications have been made for the new Ordinary Shares to be admitted to
trading on AIM and the JSE, both of which are expected to occur on or around 6
October 2022 ("Admission").

Following Admission there will be 1,204,948,507 Ordinary Shares in issue with
each Ordinary Share carrying the right to one vote. This is also the total
voting rights figure which may be used by shareholders as the denominator for
the calculations by which they can determine whether they are required to
notify their interests in, or a change to their interest in the Company.

 

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                                    Exercise of Share Options

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     ZAR2.97           1,184,200
                                                                                     ZAR2.30           7,000,000

 d)   Aggregated information

      - Aggregated volume                                          8,184,200

      - Price                                                      ZAR2.30 and 2.97
 e)   Date of the transaction                                      5 October 2022

 f)   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                                                         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                                    Exercise of Share Options

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     ZAR2.97           553,900
                                                                                     ZAR2.30           6,000,000

 d)   Aggregated information

      - Aggregated volume                                          6,553,900

      - Price                                                      ZAR2.30 and 2.97
 e)   Date of the transaction                                      5 October 2022

 f)   Place of the transaction                                     London Stock Exchange

 

Notification of a Transaction in terms of the JSE Listings Requirements

 Name                         Toby Hewitt

 Position                     Company Secretary and General Counsel

 Nature of the transaction    Exercise of Share Options in respect of Ordinary Shares

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

 Date of the transaction      5 October 2022
 Clearance obtained           Yes
 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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