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t
| Date | 10 May 2022 |
| Time | 14:45:01 |
| Category | Director/PDMR dealings |
| ID | 9871K |
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")
Director/PDMR Shareholding
LONDON, 10 May 2022
On 21 April 2022 the Company announced that CV Suresh, a PDMR of the Company, had exercised 783,100 share options at an exercise price of ZAR2.97 per Ordinary Share (as defined below) and 2,700,000 share options at an exercise price of ZAR2.30 per Ordinary Share.
In accordance with AIM Rule 17, shareholders are advised that Gemfields has received notice that CV Suresh has sold 3,483,100 ordinary shares of USD0.00001 each in the company ("Ordinary Shares"), at an average price of 3.25 Rand per Ordinary Share. Following the above transaction, Mr Suresh has an interest in 95,600 Ordinary Shares, representing 0.01 per cent of the Company.
In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements, we disclose the following additional information:
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Nature of transaction |
On market sale of shares |
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Volume weighted average price |
R3.25 (R3.22 net of transaction costs) |
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Total value of transaction |
R11,207,488.05 (net of transaction costs) |
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Highest price |
R3.30 |
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Lowest price |
R3.25 |
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Nature of interest |
DIRECT BENEFICIAL |
Clearance was obtained for the above dealings in securities.
-ENDS-
Further information on Gemfields Group Limited can be found at:
To join our investor mailing list, contact us on:
[email protected]
For any press enquiries please contact us on:
[email protected]
ENQUIRIES
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GEMFIELDS |
Sean Gilbertson / David Lovett |
|
SPONSOR (JSE) |
Investec Bank Limited |
|
NOMINATED ADVISER |
finnCap |
|
JOINT BROKER |
Liberum |
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FINANCIAL PR/ IR |
Camarco |
ADDITIONAL INFORMATION ON GEMFIELDS
Gemfields is a world-leading miner of responsible 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 and trading 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
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
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1
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Details of the person discharging managerial responsibilities / person closely associated |
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a)
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Name
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CV Suresh |
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2
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Reason for the notification
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a)
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Position/status
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PDMR |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Gemfields Group Limited |
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b)
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LEI
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21380017GAVXTCYS5R31 |
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
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a)
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Description of the financial instrument, type of instrument |
Ordinary Shares of USD0.00001 each |
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Identification code |
ISIN: GG00BG0KTL52 |
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b)
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Nature of the transaction
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Sale of Ordinary Shares |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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R3.25 to R3.30 |
3,483,100 |
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d)
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Aggregated information |
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- Aggregated volume |
3,483,100 |
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- Price |
R3.25 |
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e)
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Date of the transaction
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10 May 2022 |
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f)
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Place of the transaction |
London Stock Exchange |
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