Gemfields Group Limited Holding(s) in Company, Director/PDMR shareholdings (1757S)
02 November 2023 - 7:00PM
UK Regulatory
TIDMGEM
RNS Number : 1757S
Gemfields Group Limited
02 November 2023
Incorporated in Guernsey. Guernsey registration Number:
47656.
South African external company registration number
2009/012636/10
Share code on JSE:GML / AIM:GEM
ISIN: GG00BG0KTL52 | LEI: 21380017GAVXTCYS5R31
("Gemfields" or the "Company")
Notification of major holdings, Director/PDMR shareholdings
LONDON, 2 NOVEMBER 2023
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.
As of 18 October 2023, Assore held a total of 340,367,121
Ordinary Shares in the Company, equivalent to 28.27 per cent of the
total issued shares in the Company (excluding treasury shares).
Assore's completed TR-1 form has been released separately.
Shareholders are advised that Assore's shareholding represents
29.19 per cent of the total issued shares in Gemfields that carry
voting rights as at today's date, following Gemfields share buyback
repurchases announced on the 19 October 2023 and 23 October
2023.
Patrick Sacco and Kieran Daly are Non-Executive Director and
Alternate Non-Executive Director of Gemfields, respectively. Mr
Sacco is also Managing Director of, and holds a beneficial interest
in Assore, and Mr Daly is also a Non-Executive Director of Assore.
As noted at the time of his appointment, Mr Sacco is therefore
deemed to have a beneficial interest in Assore's entire legal
holding in Gemfields.
Notification of a Transaction pursuant to Article 19(1) of
Regulation (EU) No. 596/2014
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Patrick Sacco
------------------------------------- ---------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------------
a) Position/status Non-Executive Director
------------------------------------- ---------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a) Name Gemfields Group Limited
------------------------------------- ---------------------------------------------
b) LEI 21380017GAVXTCYS5R31
------------------------------------- ---------------------------------------------
Details of the transaction(s): section to be repeated
4 for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
------------------------------------------------------------------------------------
a) Description of the Ordinary Shares of USD0.00001 each
financial instrument,
type of instrument
------------------------------------- ---------------------------------------------
Identification code ISIN: GG00BG0KTL52
b) Nature of the transaction Purchase of Ordinary Shares by
Assore. Mr Sacco is Managing Director
of, and holds a beneficial interest
in, Assore. Mr Sacco is therefore
deemed to have a beneficial interest
in Assore's entire legal holding
in Gemfields.
------------------------------------- ---------------------------------------------
c) Price(s) and volume(s)
------------------- ---------------------
Price(s) Volume(s)
------------------- ---------------------
R3.15 12,219,181
-------------------------------------------------------------- ---------------------
d) Aggregated information
- Aggregated volume 12,219,181
- Price R3.15
e) Date of the transaction 18 October 2023
f) Place of the transaction Johannesburg Stock Exchange
------------------------------------- ---------------------------------------------
-ENDS-
Further information on Gemfields Group Limited can be found
at:
GEMFIELDSGROUP.COM
To join our investor mailing list, contact us on:
ir@gemfields.com
For any press enquiries please contact us on:
gemfields@camarco.co.uk
ENQUIRIES
GEMFIELDS Sean Gilbertson / David Lovett / Ian
Hughes
ir@gemfields.com
T: +44(0) 20 7518 3400
SPONSOR (JSE) Investec Bank Limited
-------------------------------------
NOMINATED ADVISER Cavendish Capital Markets Limited
(AIM) & JOINT BROKER Neil McDonald / Edward Whiley / Tim
Redfern
T: +44(0) 20 7220 0500
-------------------------------------
JOINT BROKER Liberum
Scott Mathieson / Kane Collings
T: +44(0) 20 3100 2222
-------------------------------------
FINANCIAL PR/ IR Camarco
Gordon Poole / Emily Hall
T: +44(0) 20 3757 4980
-------------------------------------
ADDITIONAL INFORMATION ON GEMFIELDS
Gemfields is a world-leading responsible miner and marketer of
coloured gemstones. Gemfields is the operator and 75% owner of both
the Kagem emerald mine in Zambia (believed to be the world's single
largest producing emerald mine) and the Montepuez ruby mine in
Mozambique (one of the most significant recently discovered ruby
deposits in the world). In addition, Gemfields also holds
controlling interests in various other gemstone mining and
prospecting licences in Zambia, Mozambique, Ethiopia and
Madagascar.
Gemfields' outright ownership of Fabergé - an iconic and
prestigious brand of exceptional heritage - enables Gemfields to
optimise positioning, perception and consumer awareness of coloured
gemstones through Fabergé designs, advancing the wider group's
"mine and market" vision.
Gemfields has developed a proprietary grading system and a
pioneering auction platform to provide a consistent supply of
coloured gemstones to downstream markets, a key component of
Gemfields' business model that has played an important role in the
growth of the global coloured gemstone sector.
GEMFIELDS
GEMFIELDS.COM | INVESTORS | FOUNDATION
INSTAGRAM | FACEBOOK | TWITTER | YOUTUBE
FABERGÉ
FABERGÉ.COM | INSTAGRAM | FACEBOOK | TWITTER | YOUTUBE
KAGEM MINING LINKEDIN
MONTEPUEZ RUBY MINING LINKEDIN
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