Category

News and Announcements

Transaction in Own Shares and Total Voting Rights

Gemfields announces that on Tuesday 10 October 2023, the Company purchased 1,000,000 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) all at a price of ZAR3.15. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.

Transaction in Own Shares and Total Voting Rights

Gemfields announces that on Friday 6 October 2023, the Company purchased 940,722 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) at an average price of ZAR3.1497. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.

Transaction in Own Shares and Total Voting Rights

Gemfields announces that on Wednesday 4 October 2023, the Company purchased 1,222,630 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) at an average price of ZAR3.1379. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.

Transaction in Own Shares and Total Voting Rights

Gemfields announces that on Tuesday 3 October 2023, the Company purchased 245,366 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) at an average price of ZAR3.1450. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.

Notification of major holdings

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 October 2023 from Rozendal Associate Holdings (“Rational Expectations”) that it, combined with related parties, held a total of 156,434,855 ordinary shares in the Company as of 26 September 2023, equivalent to 12.83 per cent of the total issued shares in the Company (excluding treasury shares). Shareholders are advised that Rational Expectations’ shareholding represents 12.89 per cent of the total issued shares in the Company that carry voting rights as at today’s date, as the Company currently holds 8,370,432 treasury shares.

Transaction in Own Shares and Total Voting Rights

Gemfields announces that on Monday 2 October 2023, the Company purchased 233,308 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) all at a price of ZAR3.10. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.

Transaction in Own Shares and Total Voting Rights

Gemfields announces that on Tuesday 26 September 2023, the Company purchased 5,200,000 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) at an aggregate price of ZAR3.2115. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.

Transaction in Own Shares and Total Voting Rights

Gemfields announces that on 22 September 2023, the Company purchased 2,937,124 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) at an aggregate price of ZAR3.2466. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.

Reviewed Interim Results for the six months ended 30 June 2023

Gemfields is pleased to announce the Company’s financial results for the six months ended 30 June 2023 (“2023 Interim Results”). Highlights: Total revenue for the six months ended 30 June 2023 of USD 154 million. EBITDA for the six months ended 30 June 2023 of USD 73 million. Maintained a healthy EBITDA margin of 47.5%. Free cash flow before working capital movements for the six months ended 30 June 2023 of USD 25.2 million. Strong balance sheet with net cash balance at 30 June 2023 of USD 62 million, and USD 63.8 million of auction receivables now 97% collected

Auction Results – Commercial Quality Emeralds

Gemfields is pleased to announce the results of an auction comprised of commercial quality rough emeralds held during the period 29 August – 15 September 2023. Highlights: August/September 2023 – Commercial Quality Emerald Auction Total auction revenues of USD 25.5 million 43 lots were offered for sale, of which all 43 were sold (100%) Average price of USD 7.51 per carat The 46 auctions of Kagem gemstones held since July 2009 have generated USD 989.4 million in total revenues