News and Announcements

First Day of Dealings on AIM

Gemfields, a world-leading supplier of responsibly sourced coloured gemstones, is pleased to announce that admission on the AIM market of the London Stock Exchange will take place, and dealings in its ordinary shares will commence, at 8:00am GMT today under the TIDM code “GEM” (“Admission”)(“Ordinary Shares”). The ISIN of the Ordinary Shares is GG00BG0KTL52 and the SEDOL is BKFW1G3.

Artisanal miner incursion at Montepuez

The Company announces that the “Maninge Nice 3” mining pit belonging to Montepuez Ruby Mining Limitada (“MRM”, in which Gemfields holds a 75% interest) has experienced a coordinated incursion by approximately 800 artisanal miners, vastly outnumbering the MRM security personnel and Mozambican police present at that location at the time.

Monthly Operational Market Update – 31 December 2019

Gemfields shareholders are advised that the Company has released information about its business related and operational results and financial position up to and including 31 December 2019. The 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.

Announcement of intention to float on AIM

Gemfields, a world-leading supplier of responsibly sourced, coloured gemstones, is pleased to announce its intention to seek admission of its Ordinary Shares to trading on the AIM market of the London Stock Exchange (“Admission”). The Company is not intending to raise capital in conjunction with Admission. The Company expects that Admission will become effective on 14 February 2020.

Renewal of Kagem Mining Licence

Gemfields is pleased to announce that the Government of the Republic of Zambia has renewed Kagem Mining Limited’s (“Kagem”) emerald mining licence. The renewal gives Kagem the right to continue mining emeralds for a period of 25 years to April 2045.

Suspension of Zambian Export Duty

Gemfields is pleased to announce that the Government of the Republic of Zambia has suspended the 15% export duty on precious gemstones (excluding diamonds) with effect from 1 January 2020.
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