Results of Annual General Meeting
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Date10 May 2019
Shareholders are advised that at the Company’s Annual General Meeting (“AGM”) held on Friday 10th May 2019, all of the binding resolutions set out in the notice and proposed at the meeting were passed by the requisite majority of shareholders.
Amended Proxy Forms for 2019 AGM
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Date29 Apr 2019
Gemfields wishes to advise that, in relation to its Annual General Meeting (“AGM”) to be held on 10th May 2019 at 10 a.m. (BST), the proxy forms originally sent to shareholders on 10th April 2019 inadvertently omitted two non-binding advisory votes shown on the Notice of AGM, as follows: Endorsement of the Company’s Remuneration Policy; and Endorsement of the Company’s Remuneration Implementation Report.
Disclosure of beneficial interests in securities
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Date18 Apr 2019
In compliance with paragraph 3.83(b) of the JSE Listings Requirements, the Company hereby discloses the acquisition of a beneficial interest of 0.1226% in the Company’s securities by Investec Limited (“Investec”). The acquisition resulted in Investec’s percentage holding in the Company’s securities increasing from 4.9538% to 5.0764%. Following the acquisition, Investec held a total of 72,677,822 ordinary shares in the Company.
Conditional Sale of Shares in Jupiter Mines Ltd (“Jupiter”) and Intention to Declare Special Dividend
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Date15 Apr 2019
The Board of Directors of Gemfields (the “Board”) is pleased to announce that it has entered into a conditional sale and purchase agreement with AMCI Euro Holdings B.V. (“AMCI”), pursuant to which Gemfields (through its wholly owned subsidiary, Pallinghurst Consolidated (Cayman) Ltd (“PCCL”)) has agreed to sell, and AMCI has agreed to purchase, 145,845,372 ordinary shares (the “Transaction”) in ASX-listed Jupiter (the “Jupiter Shares”), such shares constituting Gemfields’ entire remaining holding in Jupiter following its participation in Jupiter’s IPO last year.
Gemfields Trading Statement
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Date22 Mar 2019
Gemfields is reasonably certain that its net loss after tax will be USD 60.4 million for the year ended 31 December 2018 compared to a net profit after tax of USD 45.1 million for the year ended 31 December 2017. In ZAR terms, the net loss after tax is expected to be ZAR 801 million (ZAR 600 million net profit after tax for the comparative year). The loss per share is expected to be USDc 5.0 for the year ended 31 December 2018 compared to earnings per share of USDc 4.0 for the comparative year. In ZAR terms, the loss per share is expected to be ZAR 0.63 (ZAR 0.49 earnings per share for the comparative period).
Gemfields Trading Statement
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Date21 Sep 2018
Gemfields is reasonably certain that its net profit after tax will be USD 16 million for the 6 month period to 30 June 2018 compared to a net loss after tax of USD 81 million for the comparative period of 6 months to 30 June 2017. In ZAR terms, net profit after tax will be ZAR 197 million (ZAR1.1 billion net loss after tax for the comparative period). Earnings and headline earnings per share are expected to be USDc 1.0 for the 6 month period to 30 June 2018 compared to loss and headline loss per share of USDc 10.6 for the comparative period. In ZAR terms, earnings and headline earnings per share will be ZAR 0.15 (ZAR 1.39 loss...Read More →
Pallinghurst trading statement
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Date28 Mar 2018
PRL is reasonably certain that its net profit after tax will be US$45 million for the year ended 31 December 2017 compared to a net profit after tax of US$45 million for the year ended 31 December 2016. In ZAR terms, net profit after tax will be ZAR600 million (ZAR656 million net profit after tax for the comparative year), a decrease of 9%.
Pallinghurst trading statement
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Date21 Sep 2017
Pallinghurst is reasonably certain that its loss and headline loss per share will be USc 10.6 for the period to 30 June 2017 compared to a loss and headline loss per share of USc 4.3 for the comparative period to 30 June 2016. In ZAR terms the loss and headline loss per share will be ZAR1.39 (ZAR0.67 loss and headline loss per share for the comparative period).
Pallinghurst trading statement
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Date22 Mar 2017
Pallinghurst is reasonably certain that its net profit after tax will be US$45 million for the year ended 31 December 2016 compared to a net loss after tax of US$149 million for the year ended 31 December 2015, an increase of 130%. In ZAR terms net profit after tax will be ZAR656 million (ZAR1.9 billion net loss after tax for the comparative period), an increase of 135%.
Pallinghurst Benefits From Strong Manganese Prices, Maiden Distribution Expected In March 2017
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Date15 Dec 2016
Pallinghurst is pleased to advise that following Tshipi é Ntle Manganese Mining (Pty) Ltd’s (“Tshipi”) decision to distribute ZAR1 billion to its shareholders, Jupiter Mines Ltd (“Jupiter”) – a 49.9% shareholder in Tshipi – has resolved to distribute US$55 million to its shareholders. Accordingly, Pallinghurst, as an 18.45% shareholder in Jupiter, expects to receive approximately US$10 million (ZAR140 million) in March 2017. The Board of Pallinghurst will consider allocating a material portion of these funds as a maiden distribution to shareholders during March 2017.