TIDMGEM

RNS Number : 5894Y

Gemfields Group Limited

04 January 2024

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")

PDMR Shareholdings

LONDON, 4 JANUARY 2024

On 14 December 2023, the Company announced that Kartikeya Parikshya, a PDMR of the Company, had exercised 471,377 share options at an exercise price of ZAR2.97 per ordinary share of USD0.00001 each in the company ("Ordinary Shares").

In accordance with AIM Rule 17, shareholders are advised that Gemfields has received notice that Mr Parikshya has sold 471,377 Ordinary Shares, at an average price of ZAR2.97 per Ordinary Share. Following the above transaction, Mr Parikshya owns 45,000 Ordinary Shares, representing 0.004 per cent of the Company.

In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements, the Company discloses the following additional information:

 
 Nature of transaction        On market sale of shares 
 Volume weighted average      ZAR2.97 
  price 
 Total value of transaction   ZAR1,398,906.85 (excluding 
                               the total exercise costs of 
                               the 471,377 options at ZAR2.97) 
 Highest price                ZAR3.00 
 Lowest price                 ZAR2.90 
 Nature of interest           DIRECT BENEFICIAL

Clearance was obtained for the above dealings in securities.

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                                   Kartikeya Parikshya 
      -------------------------------------  ----------------------------------------- 
       Reason for the notification 
  2 
      -------------------------------------------------------------------------------- 
 a)    Position/status                        PDMR 
      -------------------------------------  ----------------------------------------- 
 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              Sale of Ordinary Shares 
      -------------------------------------  ----------------------------------------- 
 c)    Price(s) and volume(s) 
                                              -------------------  ----------------- 
                                               Price(s)             Volume(s) 
                                              -------------------  ----------------- 
    ZAR 2.97                                                        471,377 
   --------------------------------------------------------------  ----------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                    471,377 
 
  - Price                                ZAR 2.97 
 e)    Date of the transaction                19 December 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   Liberum 
  (AIM) & BROKER      Scott Mathieson / John More / Kane 
                      Collings / Anake Singh 
                      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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END

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