MRM Signs Second Processing Plant Contract
/
Date07 Aug 2023
Gemfields announces that Montepuez Ruby Mining Limitada (“MRM”), in which the Company holds a 75% interest, has entered into a legally binding contract with Consulmet (Africa) Limited (“Consulmet”) to construct an additional processing plant at MRM’s ruby mine in Mozambique.
Notification of major holdings
/
Date04 Aug 2023
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 3 August 2023 from Rozendal Associate Holdings (“Rational Expectations”) that it, combined with related parties, now holds a total of 142,809,520 ordinary shares in the Company, equivalent to 11.68 per cent of the total issued shares in the Company. Shareholders are advised that Rational Expectations’ shareholding represents 11.69 per cent of the total issued shares in the Company that carry voting rights as at today’s date, as the Company currently holds 2,729,550 treasury shares.
Notification of major holdings
/
Date01 Aug 2023
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 31 July 2023 from Ninety One UK Limited (“Ninety One”) that it now holds a total of 60,870,685 ordinary shares in the Company, equivalent to 4.97 per cent of the total issued shares in the Company. Shareholders are advised that Ninety One’s shareholding represents 4.98 per cent of the total issued shares in the Company that carry voting rights, as the Company currently holds 2,729,550 treasury shares.
Transaction in Own Shares and Total Voting Rights
/
Date31 Jul 2023
Gemfields announces that on 28 July 2023, the Company purchased 1,000,000 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) at a price of ZAR3.45. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.
Operational Market Update – 30 June 2023
/
Date31 Jul 2023
Gemfields shareholders are advised that the Company has released information about its operational results and financial position for the six months ended 30 June 2023. These unaudited 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.
Issue of Equity and Total Voting Rights
/
Date25 Jul 2023
In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 108,000 new ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) following the exercise of share options by a group of employees.
Modern Slavery and Human Trafficking Statement
/
Date05 Jul 2023
This Statement is made pursuant to section 54 of the Modern Slavery Act 2015 (the “Act”) and covers the financial year ending 31st December 2022. It provides an explanation of the steps that Gemfields Group Limited and its subsidiaries (“Gemfields” or “we”) take to combat the potential for modern slavery and human trafficking to take place in its business and supply chains.
Results of Annual General Meeting
/
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
/
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
/
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.