The Company hereby provides a trading and corporate update including in respect of the COVID-19 pandemic. Gemfields’ priority remains the health and wellbeing of its employees, host communities and customers while striving to safeguard the viability and value of the Company. In each of its countries of operation, Gemfields continues to monitor closely the guidance and advice of the relevant authorities.
Gemfields shareholders are advised that the Company has released information about its business related and operational results and financial position up to and including 30 June 2020. The figures have been produced on a monthly‐basis for Gemfields’ 75% owned Kagem emerald mine, its 75% owned Montepuez ruby mine and Fabergé – the iconic luxury brand.
Mozambican authorities announced on 29 June 2020 that they have dismantled gemstone trafficking networks in Montepuez, in the province of Cabo Delgado, seizing just over four tonnes of various minerals including tourmaline, gold, corundum, quartzites and garnets, in addition to several grams of rubies.
At the Company’s AGM on 24 June 2020, more than 25% (53.74%) of the votes were cast against non-binding advisory vote number 1 (to endorse the Company’s Remuneration Policy) and more than 25% (47.84%) of the votes were cast against non-binding advisory vote number 2 (to endorse the Company’s Remuneration Implementation Report).
Further to the Company’s announcement on 28 April 2020, shareholders are advised that the Company has today de-listed from trading on the BSX.