Distribution of Circular and Notice of EGM
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Date31 Oct 2022
Shareholders of Gemfields (“Shareholders”) are referred to the Company’s announcement on 29 September 2022 where it was noted that the board of directors of the Company (“Board”) had approved and would seek shareholder approval for a general share buy-back programme of up to USD 10 million (the “Share Buy-Back”). The Board is of the view that the Share Buy-Back represents an opportunity to promote Gemfields’ financial success and is a good use of surplus cash, on the basis that Gemfields is able to invest in itself at an attractive, low enterprise valuation and simultaneously enhance future earnings per share for the benefit of Shareholders.
Notification of major holdings
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Date31 Oct 2022
In compliance with paragraph 3.83(b) of the JSE Listings Requirements and AIM Rule 17, shareholders are advised that Gemfields received formal notification on 28 October 2022 from Rozendal Associate Holdings (“Rational Expectations”) that it, combined with related parties, now hold a total of 120,672,805 ordinary shares in the Company, equivalent to 10.01 per cent of the total issued shares in the Company.
Issue of Equity and Total Voting Rights update
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Date28 Oct 2022
In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 499,538 new ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) following the exercise of share options by a group employee.
MRM Operational Update
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Date24 Oct 2022
On 20 October 2022, Gemfields updated the market regarding the Cabo Delgado insurgency and Gemfields’ decision at the time to initiate an evacuation of operational employees and contractors from Montepuez Ruby Mining Limitada (“MRM”), in which Gemfields holds a 75% interest.
Update regarding Cabo Delgado insurgency: neighbouring ruby mine attacked, MRM evacuation plan initiated
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Date20 Oct 2022
Following an update on 30 August 2022, in which Gemfields announced increased vigilance regarding the Cabo Delgado insurgency, the Company wishes to report further developments. This morning, an attack attributed to insurgent activity has been reported at the neighbouring ruby mine belonging to Gemrock, which lies approximately 12km south-east of the operations of Montepuez Ruby Mining Limitada (“MRM”), in which Gemfields holds a 75% interest. Details of the attack are being verified.
Director/PDMR Shareholding
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Date19 Oct 2022
As previously disclosed in the Company’s Annual Report for the year ended 31 December 2021, Sean Gilbertson, an executive director, held an indirect shareholding in the Company’s shares via a non-controlling interest in Pallinghurst Resources Management L.P.. On 18 October 2022, 1,515,326 shares in the Company were transferred, off market, at a cost of 14.32 pence per share, to Sean Gilbertson who now holds those shares directly in his own name.
Dividend Finalisation
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Date11 Oct 2022
Further to the Company’s announcement on 29 September 2022 containing details of the Interim Dividend (“Dividend”) declared by Gemfields, notice is hereby given that the dividend, being a gross dividend of USDc 1.24487 per ordinary share, payable from income reserves, will be converted from United States Dollars (USD) to South African Rand (ZAR) and Great British Pounds (GBP) at the below exchange rates of Monday, 10 October 2022, obtained from currency conversion transactions the Company has entered into: JSE shareholders – USD/ZAR 18.1725, equating to a dividend of ZARc 22.62240 per share AIM shareholders – USD/GBP 0.9008, equating to a dividend of GBP pence 1.12138 per share
Director/PDMR and Company Secretary Shareholdings
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Date07 Oct 2022
On 5 October 2022 the Company announced that: (i) David Lovett, a PDMR of the Company, had exercised 1,184,200 share options at an exercise price of ZAR2.97 per ordinary share of USD0.00001 each in the company (“Ordinary Share”) and 7,000,000 share options at an exercise price of ZAR2.30 per Ordinary Share; (ii) Adrian Banks, a PDMR of the Company, had exercised 553,900 share options at an exercise price of ZAR2.97 per Ordinary Share and 6,000,000 share options at an exercise price of ZAR2.30 per Ordinary Share; and (iii) Toby Hewitt, the Company Secretary of the Company, had exercised 191,000 share options at an exercise price of ZAR2.97 per Ordinary Share and 1,500,000 share options at an exercise price of ZAR2.30... Read More →
Notification of major holdings
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Date06 Oct 2022
In compliance with paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised that Gemfields received formal notification on 5 October 2022 of a change of major holdings from Rozendal Associate Holdings (Rational Expectations Ltd). Following Gemfields’ issuance and allocation of 20,144,730 new ordinary shares on 5 October 2022, Rozendal Associate Holdings’ total positions reduced from 10.03 per cent of voting rights to 9.96 per cent of voting rights. The total number of shares held by Rozendal Associate Holdings is unchanged, holding a total of 120,094,065 ordinary shares.
PDMR Dealing, Company Secretary Dealing, Issue of Equity and Total Voting Rights update
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Date05 Oct 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)