News and Announcements

Proposed Rights Issue Circular and EGM Notice

Gemfields Group Limited (“Gemfields” or the “Group” or the “Company”) announces it is seeking shareholder approval to, amongst other things, issue 556,203,396 New Shares to raise approximately USD30 million by way of a fully committed and underwritten Rights Issue (the “Proposed Rights Issue”).

Audited 2024 Annual Report Released

Gemfields announces the publication of the Company’s audited Annual Report and Accounts for the year ending 31 December 2024 (“2024 Annual Report”). The content of this short form announcement is the responsibility of the board of directors of the Company. Shareholders are advised that this short form announcement represents a summary of the information contained in the Annual Report and does not contain full or complete details of the financial results.

Delay to Results

Gemfields’ Board of Directors has determined that more time is needed to finalise its full year financial results. The Company will make further announcements relating to the finalisation and release of the full year financial results as appropriate.

Change of Segment on Main Board of the JSE Limited

Gemfields’ Board of Directors is pleased to announce that the Company’s application to transfer its market segmentation on the Main Board of the JSE Limited (“JSE”), from the ‘Prime Segment’ to the ‘General Segment’, has been approved by the JSE with effect from Tuesday, 11 March 2025. The ‘General Segment’ aims to offer a suitable and efficient level of regulation tailored to the size and liquidity of issuers on the Main Board of the JSE.

Auction Results: Sale of previously unsold Higher-Quality Emeralds

Gemfields is pleased to announce the results of a mini-auction held from 19 to 21 February 2025 of previously unsold higher-quality emeralds from the November 2024 auction. Highlights – Auction of Previously Unsold Higher-Quality Emeralds – February 2025 Auction revenues of USD 4.8 million 10 of the 13 lots were sold (77%) with 45,864 carats sold out of 59,192 carats on offer (77%) Average sales price of USD 105.49 per carat
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