Month

May 2022

Record Emerald Auction Results

Gemfields is pleased to announce the results of a record-breaking emerald auction comprising a series of five sequential mini-auctions held during the period 9 – 26 May 2022. 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 one special piece. The auction lots were made available for in-person and private viewings by customers in Bangkok, Thailand. Following the viewings, the bidding took place via an online auction platform specifically adapted for Gemfields which permitted customers from multiple jurisdictions to participate in a sealed-bid process.

Issue of Equity and Total Voting Rights update

In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 40,000 new ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) following the exercise of share options by a group employee.

Director/PDMR Shareholding

On 9 May 2022 the Company announced that Kartikeya Parikshya, a PDMR of the Company, had exercised 942,757 share options at an exercise price of ZAR2.97 per Ordinary Share (as defined below) and 2,000,000 share options at an exercise price of ZAR2.30 per Ordinary Share.

Director/PDMR Shareholding

On 21 April 2022 the Company announced that CV Suresh, a PDMR of the Company, had exercised 783,100 share options at an exercise price of ZAR2.97 per Ordinary Share (as defined below) and 2,700,000 share options at an exercise price of ZAR2.30 per Ordinary Share.