Results of Annual General Meeting
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Date27 Jun 2023
Shareholders are advised that the Company’s Annual General Meeting (“AGM”) was held today, Tuesday 27 June 2023. The Company is pleased to announce that all resolutions set out in the Notice of AGM were passed by the requisite majority of shareholders.
PDMR Dealing, Issue of Equity and Total Voting Rights
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Date27 Jun 2023
In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 5,593,042 new ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) following the exercise of share options by a group employee and Sean Gilbertson (a person discharging managerial responsibilities, or “PDMR”).
Ruby Auction Results
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Date21 Jun 2023
Gemfields is pleased to announce the results of a ruby auction comprised of mixed-quality rough rubies held during the period 5 – 20 June 2023. Highlights: June 2023 Mixed-Quality Ruby Auction Total auction revenues of USD 80.4 million 91 of the 94 lots offered for sale were sold (97%) Average realised price of USD 265.99 per carat The 19 auctions of Montepuez Ruby Mining Limitada’s (“MRM”) gemstones held since June 2014 have generated USD 978.5 million in total revenue One lot of 26.8kg (representing some 30% of the total weight offered) remained unsold. As a result, the average price per carat realised at this auction was considerably higher than it would have been had this lot also been sold.
Issue of Equity and Total Voting Rights
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Date15 Jun 2023
In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 360,000 new ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) following the exercise of share options by a group employee.
Record Emerald Auction Results
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Date02 Jun 2023
Gemfields is pleased to announce the results of an emerald auction comprised of higher-quality rough emeralds held during the period 15 May – 1 June 2023. Highlights: June 2023 Higher-Quality Emerald Auction Total auction revenues of USD 43.7 million, an all-time revenue record for any Kagem emerald auction 35 lots were offered for sale, of which 35 were sold (100%) Average realised price of USD 165.55 per carat, an all-time record for any Gemfields emerald auction All-time record for price-per-carat paid for a single auction lot The 45 auctions of Kagem gemstones held since July 2009 have generated USD 964 million in total revenue