Record Ruby Auction Results
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Date10 Dec 2021
Gemfields is delighted to announce the results of a ruby auction comprised of seven sequential mini-auctions held during the period 8 November – 9 December 2021. The auction delivered an all-time high for MRM ruby auctions and contained a selection of grades that are typically offered at Montepuez Ruby Mining Limitada’s (“MRM”) auctions of mixed quality rubies. Selected lots were made available for in-person and private viewings by customers in Bangkok, Dubai and Jaipur. Following the viewings, the auctions took place via an online auction platform specifically adapted for Gemfields and which permitted customers from multiple jurisdictions to participate in a sealed-bid process.
Emerald Auction Results
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Date07 Dec 2021
Gemfields is pleased to announce the results of an emerald auction comprising a series of five sequential mini-auctions held during the period 1 November – 6 December 2021. The auction contained a selection of grades that are typically offered at Kagem Mining Ltd’s (“Kagem”) auctions of higher quality emeralds as well as a selection of special pieces. The auction lots were made available for in-person and private viewings by customers in Dubai and Jaipur. Following the viewings, the auctions took place via an online auction platform specifically adapted for Gemfields and which permitted customers from multiple jurisdictions to participate in a sealed-bid process.
Change of Auditors
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Date06 Dec 2021
Following a competitive tender process and a recommendation from its Audit Committee, the Gemfields’ Board resolved to appoint Ernst & Young LLP (“Ernst and Young”) as its statutory auditors, commencing with the financial year ending 31 December 2022, subject to ratification by shareholders in the Company’s 2022 Annual General Meeting. The Board and the Audit Committee have taken the view that this change of auditors promotes good corporate governance given the long period that the incumbents, BDO LLP (“BDO”), have been in position.
Total Voting Rights
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Date01 Dec 2021
For the purposes of the Financial Conduct Authority’s Disclosure and Transparency Rules, shareholders are advised that as at the date of this notice, the Company’s issued share capital consists of 1,169,478,030 ordinary shares with a nominal value of USD0.00001 each (“Ordinary Shares”), with each share carrying the right to one vote. The Company does not hold any shares in Treasury.