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")
Dividend Finalisation
LONDON, 28 MAY 2024
Further to the Company's declaration
on 25 March 2024 of a final dividend for the year to 31 December
2023 of USD 10 million ("Dividend"), notice is hereby given that
the dividend, being a gross dividend of USDc 0.85712 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 Friday, 24 May 2024,
obtained from currency conversion transactions the Company has
entered into:
·
JSE shareholders - USD/ZAR 18.3711, equating to a
dividend of ZARc 15.74624 per share
·
AIM shareholders - USD/GBP 0.7847, equating to a
dividend of GBP pence 0.67258 per share
Shareholders are reminded that the
relevant dates relating to the payment of the Dividend are as
follows:
|
Event
|
Dates
(2024)
|
|
Last date to effect removal of
shares between the UK (AIM) and SA (JSE) registers
|
Tuesday 4
June
|
|
The last day to trade in Gemfields
shares in SA in order to qualify to participate in the
Dividend
|
Tuesday 4
June
|
|
Shares start trading 'ex' dividend
in SA
|
Wednesday
5 June
|
|
The last day to trade in Gemfields
shares in UK in order to qualify to participate in the
Dividend
|
Wednesday
5 June
|
|
Shares start trading 'ex' dividend
in UK
|
Thursday 6
June
|
|
Record date for participation in the
Dividend
|
Friday 7
June
|
|
Removal of shares between UK and SA
registers permissible from
|
Monday 10
June
|
|
Payment date
|
Monday 24
June
|
Share certificates may not be
dematerialised or re-materialised between Wednesday, 5 June 2024
and Friday, 7 June 2024, both days inclusive.
Additional information for South
African resident shareholders of Gemfields is noted
below:
· Tax reference
number in (United Kingdom) is 32518 26138.
· The issued
ordinary share capital of Gemfields is 1,166,695,130 ordinary
shares.
· The dividend paid
by Gemfields to South African resident shareholders registered on
the South African register is subject to South African Dividend Tax
("Dividend Tax") of 20% (subject to any available exemptions as
legislated).
· Shareholders are
advised that Gemfields will not deduct any applicable Dividend Tax
at source.
· Shareholders
registered on the South African register who are exempt from paying
the Dividend Tax will receive a dividend of ZARc 15.74624 per share
paid by Gemfields. These exempt shareholders are advised to contact
their broker or CSDP (Central Securities Depository Participant) to
confirm their tax status to ensure no Dividend Tax is deducted by
the regulatory intermediary.
· Shareholders
registered on the South African register who are not exempt from
paying the Dividend Tax will receive a net dividend of ZARc
12.59699 per share (gross dividend of ZARc 15.74624 per share less
Dividend Tax of ZARc 3.14925 per share). These non-exempt
shareholders are advised to contact their broker or CSDP so that
the Dividend Tax can be withheld by the regulatory
intermediary.
· Shareholders who
are in doubt as to their tax status or position or any other
matter, including, inter alia, any exchange control requirement,
should consult an appropriate independent professional advisor in
their relevant jurisdiction without delay.
-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
(AIM) & BROKER
|
Liberum
Scott Mathieson / John More / 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