Category

Trading Statement

Operational Update up to 31 December 2023

Gemfields shareholders are advised that the Company has released information about its operational results and financial position for the six months ended 31 December 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. The full operational results can be found at this link: https://www.gemfieldsgroup.com/operational-update/.

Notification of major holdings, Director/PDMR shareholdings

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 1 November 2023 from Assore International Holdings Limited (“Assore”) that it acquired 12,219,181 ordinary shares of USD0.00001 each in Gemfields (“Ordinary Shares”) on 18 October 2023.

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 24 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 18 October 2023, equivalent to 13.03 per cent of the total issued shares in the Company (excluding treasury shares). Shareholders are advised that Rational Expectations’ shareholding represents 13.41 per cent of the total issued shares in the Company that carry voting rights as at today’s date, as the Company currently holds 55,694,351 treasury shares.

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.

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 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

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.

Results of Annual General Meeting

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.

Notice of AGM and B-BBEE Annual Compliance Report

Notice is hereby given that the Company’s Annual General Meeting (“AGM”), will be held at 123 Victoria Street, Westminster, London, SW1E 6DE on Tuesday 27 June 2023, at 10:00 a.m. (British Summer Time). The AGM will be an in-person only event.

Dividend Finalisation

Further to the Company’s announcement on 24 March 2023 containing details of the Final Dividend of USD 35 million (“Dividend”) declared by Gemfields, notice is hereby given that the dividend, being a gross dividend of USDc 2.87994 per ordinary share, payable from income reserves, will be converted from United States Dollars (USD) to South African Rand (ZAR) and Great British Pounds (GBP) at the below exchange rates of Thursday, 13 April 2023, obtained from currency conversion transactions the Company has entered into: JSE shareholders – USD/ZAR 18.2519, equating to a dividend of ZARc 52.56438 per share AIM shareholders – USD/GBP 0.7969, equating to a dividend of GBP pence 2.29502 per share

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 28 October 2022 from Rozendal Associate Holdings (“Rational Expectations”) that it, combined with related parties, now hold a total of 120,672,805 ordinary shares in the Company, equivalent to 10.01 per cent of the total issued shares in the Company.
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