Publication of Prospectus and Launch of Rights Issue
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Date20 May 2025
Gemfields is pleased to announce the publication of a Prospectus in relation to the issuance of 556,203,396 New Shares to raise approximately USD30 million by way of a fully underwritten Rights Issue (the “Rights Issue”), as originally announced on 11 April 2025.
Results of Extraordinary General Meeting and Rights Issue JSE finalisation information
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Date19 May 2025
Shareholders are advised that an Extraordinary General Meeting (“EGM”) was held today, Monday 19 May 2025, in relation to the issuance of 556,203,396 New Shares to raise approximately USD30 million by way of a fully underwritten Rights Issue (the “Rights Issue”), as originally announced on 11 April 2025. The ordinary and special resolutions were passed by the requisite majority of shareholders, granting shareholder approval for the Rights Issue to proceed.
Extraordinary General Meeting – Remote joining details
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Date12 May 2025
Further to the Company’s announcement on 11 April 2025, shareholders should note the following in respect of access to the Company’s Extraordinary General Meeting (“EGM”) to be held on Monday 19 May 2025 at 10:00 a.m. UK time at 123 Victoria Street, Westminster, London, SW1E 6DE, United Kingdom.
Kagem to recommence focused open-pit mining
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Date08 May 2025
Gemfields is pleased to announce that Kagem Mining Limited (“Kagem”), the emerald mine in Zambia which is 75% owned by Gemfields and 25% owned by the Government of the Republic of Zambia through the Industrial Development Corporation of Zambia (“IDC”), will shortly recommence a programme of focused open-pit mining to recover more premium emeralds.