Disclosure of beneficial interests in securities
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Date06 Sep 2021
In compliance with paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised that Gemfields has received formal notification from FIL Limited (“Fidelity”) on 6 September 2021, that Fidelity disposed on 3 September 2021 of a beneficial interest in the ordinary shares of the Company, such that the total beneficial interest in ordinary shares of the Company held by Fidelity decreased from 10.99% and is now 5.99% of the total issued shares of the Company.
Emerald Auction Results
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Date12 Aug 2021
Gemfields is pleased to announce the results of an auction of predominantly commercial quality rough emeralds held from 28 July to 11 August 2021. The emeralds were extracted by Kagem Mining Ltd in Zambia (“Kagem”, which is 75% owned by Gemfields and 25% by the Industrial Development Corporation of Zambia). The proceeds of this auction will be fully repatriated to Kagem in Zambia, with all royalties due to the Government of the Republic of Zambia being paid on the full sales prices achieved at the auction.
Monthly Operational Market Update – 30 June 2021
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Date02 Aug 2021
Gemfields shareholders are advised that the Company has released information about its operational results and financial position up to and including 30 June 2021. The figures have been produced on a monthly basis for Gemfields’ 75%-owned Kagem emerald mine, its 75%-owned Montepuez ruby mine and Fabergé, the iconic luxury brand.
Emerald Auction Results
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Date19 Apr 2021
Gemfields is pleased to announce the results of an emerald auction comprising a series of five sequential mini-auctions held during the period 15 March – 17 April 2021. The auction contained a selection of grades that are typically offered at Kagem Mining Ltd’s (“Kagem”) auctions of higher quality emeralds. Selected lots were made available for in-person and private viewings by customers in Tel Aviv, 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.
Ruby Auction Results
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Date08 Apr 2021
Gemfields is pleased to announce the results of a ruby auction comprising a series of seven sequential mini- auctions held during the period 15 March – 8 April 2021. The auction 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.
Standard form for notification of major holdings
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Date31 Mar 2021
To download TR-1: Standard form for notification of major holdings – please click below:.
Trading Statement
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Date25 Mar 2021
In accordance with paragraph 3.4(b) of the JSE Limited Listings Requirements, Gemfields is reasonably certain that its net loss after tax will be USD 93.2 million for the year ended 31 December 2020 compared to a net profit after tax of USD 39.1 million for the comparative period. In ZAR terms, the net loss after tax is expected to be ZAR 1,535 million (ZAR 565 million net profit after tax for the comparative period).
Mining operations and auction update
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Date01 Mar 2021
Gemfields Group Limited (“Gemfields”) hereby provides an update regarding its mining operations and planned auction programme for the first half of 2021.
Monthly Operational Market Update – 31 December 2020
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Date01 Feb 2021
Gemfields shareholders are advised that the Company has released information about its operational results and financial position up to and including 31 December 2020. The figures have been produced on a monthly‐basis for Gemfields’ 75% owned Kagem emerald mine, its 75% owned Montepuez ruby mine and Fabergé, the iconic luxury brand.
Disclosure of beneficial interests in securities
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Date14 Jan 2021
In compliance with paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised that Gemfields has received formal notification from Rational Expectations (Pty) Ltd (“Rational”) on 14 January 2021, that Rational and related parties acquired a beneficial interest in the ordinary shares of the Company, such that the total beneficial interest in ordinary shares of the Company held by Rational is now 8.41% of the total issued shares of the Company. Following the acquisition, Rational held a total of 97,276,350 ordinary shares in the Company.