/Equities/AIMX/GEM/RNS

PDMR Dealing, Issue of Equity, Total Voting Rights

RNS Number : 9925H

Gemfields Group Limited

30 November 2022

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 Dealing, Issue of Equity and Total Voting Rights

LONDON, 30 NOVEMBER 2022

In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 2,607,767 new ordinary shares of USD0.00001 each in the Company ("Ordinary Shares") following the exercise of share options by group employees and Kartikeya Parikshya (a person discharging managerial responsibilities, or "PDMR").

Kartikeya Parikshya has exercised 1,000,000 share options at an exercise price of ZAR2.30 per Ordinary Share and 471,377 share options at an exercise price of ZAR2.97 per Ordinary Share. Following the above transactions, Kartikeya Parikshya will own 1,516,377 Ordinary Shares, representing 0.12 per cent of the Company.

A further announcement will be made once the sale of the above 1,471,377 Ordinary Shares by Kartikeya Parikshya is completed.

Applications have been made for the 2,607,767 new Ordinary Shares to be admitted to trading on AIM and the JSE, both of which are expected to occur on or around 5 December 2022 ("Admission").

Following Admission there will be 1,210,087,232 Ordinary Shares in issue with each Ordinary Share carrying the right to one vote. This is also the total voting rights figure which may be used by shareholders as the denominator for the calculations by which they can determine whether they are required to notify their interests in, or a change to their interest in the Company.

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kartikeya Parikshya
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Gemfields Group Limited
b)	LEI	21380017GAVXTCYS5R31
4	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
a)	Description of the financial instrument, type of instrument	Ordinary Shares of USD0.00001 each

	Identification code	ISIN: GG00BG0KTL52

b)	Nature of the transaction	Exercise of Share Options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			ZAR2.97	471,377
			ZAR2.30	1,000,000

d)	Aggregated information

	- Aggregated volume	1,471,377

	- Price	ZAR2.30 and 2.97
e)	Date of the transaction	30 November 2022
f)	Place of the transaction	London Stock Exchange

-ENDS-

Further information on Gemfields Group Limited can be found at:

GEMFIELDSGROUP.COM

To join our investor mailing list, contact us on:
[email protected]

For any press enquiries please contact us on:
[email protected]

ENQUIRIES

GEMFIELDS	Sean Gilbertson / David Lovett / Ian Hughes [email protected] T: +44(0) 20 7518 3400
SPONSOR (JSE)	Investec Bank Limited
NOMINATED ADVISER (AIM) & JOINT BROKER	finnCap Christopher Raggett / Tim Redfern / Edward Whiley 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 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

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