News and Announcements

Director/PDMR Shareholding

On 12 May 2023, the Company announced that Chandana Venkata Suresh, a PDMR of the Company, had exercised 1,800,000 share options at an exercise price of ZAR2.30 per ordinary share of USD0.00001 each in the company (“Ordinary Shares”). Shareholders are advised that Mr Suresh also exercised 522,064 share options at an exercise price of ZAR 2.97 per Ordinary Share on the same date but this was not included in the Company’s announcement on 12 May 2023 due to an administrative error. These shares were however admitted to trading on 15 May 2023.

Transaction in Own Shares and Total Voting Rights

Gemfields announces that on 17 May 2023, the Company purchased 1,729,550 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) at a price of ZAR3.45. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.

PDMR Dealing, Issue of Equity and Total Voting Rights

In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 3,282,064 new ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) following the exercise of share options by group employees and Chandana Venkata Suresh (a person discharging managerial responsibilities, or “PDMR”).

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.

Director/PDMR Shareholding

Gemfields has received notice that David Lovett, CFO, has transferred 1,400,000 ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”), to his spouse, Rosie Lovett, at no cost, a direct to indirect beneficial transfer to an associate under the definition of the JSE.

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
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