Category

Trading Statement

Record Emerald Auction Results

Gemfields is pleased to announce the results of an auction of predominantly commercial quality rough emeralds held in Jaipur, India from 15 March to 1 April 2022. The emeralds were extracted by Kagem Mining Ltd in Zambia (“Kagem”, which is 75% owned by Gemfields and 25% by the Industrial Development Corporation of Zambia). The proceeds of this auction will be fully repatriated to Kagem in Zambia, with all royalties due to the Government of the Republic of Zambia being paid on the full sales prices achieved at the auction.

Issue of Equity and Total Voting Rights

In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 1,240,000 new ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) following the exercise of employee share options.

Trading Statement

For the year ended 31 December 2021. In accordance with paragraph 3.4(b) of the JSE Limited Listings Requirements, Gemfields is reasonably certain that its net profit after tax will be USD 65.0 million for the year ended 31 December 2021 (2020: USD 93.2 million net loss after tax; 2019: USD 39.1 million net profit after tax). In ZAR terms, the net profit after tax is expected to be ZAR 961 million (2020: ZAR 1,535 million net loss after tax; 2019: ZAR 565 million net profit after tax).

Issue of Equity and Total Voting Rights

In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 480,000 new ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) following the exercise of employee share options.

Issue of Equity and Total Voting Rights

In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 367,400 new ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) following the exercise of employee share options.

Issue of Equity and Total Voting Rights

In accordance with AIM Rule 17, shareholders are advised that Gemfields have issued and allotted 753,080 new ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) following the exercise of employee share options.

Total Voting Rights

For the purposes of the Financial Conduct Authority’s Disclosure and Transparency Rules, shareholders are advised that as at the date of this notice, the Company’s issued share capital consists of 1,171,357,330 ordinary shares with a nominal value of USD0.00001 each (“Ordinary Shares”), with each share carrying the right to one vote. The Company does not hold any shares in Treasury.

Issue of Equity and Total Voting Rights

In accordance with AIM Rule 17, shareholders are advised that Gemfields have issued and allotted  1,370,100 new ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) following the exercise of employee share options.

Disclosure of beneficial interests in securities

In compliance with AIM Rule 17, shareholders are advised that Gemfields received formal notification on 17 January 2022 from Diacolor International DMCC (“Diacolor”) that Diacolor holds a total of 40,610,337 ordinary shares, equivalent to 3.47% of the total issued shares in the Company.

Issue of Equity and Total Voting Rights

In accordance with AIM Rule 17, shareholders are advised that Gemfields have issued and allotted 509,200 new ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) following the exercise of employee share options.