Auction Results – Commercial Quality Emeralds
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Date18 Sep 2023
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
Trading Statement for the six months ended 30 June 2023
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Date14 Sep 2023
In accordance with paragraph 3.4(b) of the JSE Listings Requirements, Gemfields is reasonably certain that its net profit after tax1 will be USD 18.1 million for the six months ended 30 June 2023 (comparative six-month period ended 30 June 2022: USD 56.7 million). In ZAR terms, the net profit after tax is expected to be ZAR 334 million (comparative period: ZAR 864 million).
Gemfields Auction Update
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Date13 Sep 2023
Gemfields provides an update regarding its gemstone auction schedule for the remainder of 2023. Gemfields completed an auction of commercial and low-quality ruby from the Montepuez ruby mine on 13 September 2023 and the results are set out below. An auction of commercial quality emeralds from the Kagem emerald mine is presently underway and Gemfields expects to announce the results on Monday 18 September 2023. The auction of higher quality emeralds from the Kagem emerald mine, scheduled for November 2023, will no longer take place. Gemfields has taken this decision as a result of the generally lower quality and quantity of emerald production at Kagem in recent months and which would result in a suboptimal auction offering to Gemfields’ emerald... Read More →
Grant of performance share awards under Long Term Incentive Plan (LTIP) and PDMR dealings
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Date25 Aug 2023
Shareholders are advised that the Company has awarded a total of 11,823,851 performance shares in the form of nominal cost options (“Performance Shares”) under Gemfields Group Limited Long Term Incentive Plan 2023 (“LTIP”) to two Executive Directors and a small number of senior employees including PDMRs.
Cancellation and De-listing of Treasury Shares and Total Voting Rights
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Date15 Aug 2023
In accordance with AIM Rule 17, shareholders are advised that Gemfields has cancelled and de-listed 2,729,550 ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”), such shares which were previously held in treasury having been repurchased by the Company pursuant to the share buy-back programme (the “Cancellation”). The Cancellation and de-listing will be complete on 16 August 2023, following completion of requisite approvals and filings.
MRM Signs Second Processing Plant Contract
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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.
Transaction in Own Shares and Total Voting Rights
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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
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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
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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.
PDMR Dealing, Issue of Equity and Total Voting Rights
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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”).