Category

Document Release

Issue of Equity and Total Voting Rights update

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

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

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

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.

Director/PDMR and Company Secretary Shareholdings

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

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.

Issue of Equity and Total Voting Rights update

In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 377,790 new ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) following the exercise of share options by group employees.