Gemfields Group Limited Director/PDMR Shareholding (6839W)

TIDMGEM

RNS Number : 6839W

Gemfields Group Limited

14 December 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")

PDMR Dealing, Issue of Equity and Total Voting Rights

LONDON, 14 DECEMBER 2023

In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 471,377 new ordinary shares of USD0.00001 each in the Company ("Ordinary Shares") following the exercise of share options by Kartikeya Parikshya (a person discharging managerial responsibilities, or "PDMR").

Mr Parikshya has exercised 471,377 share options at an exercise price of ZAR2.97 per Ordinary Share. A further announcement will be made once the shares have been sold. Following the above transactions, Mr Parikshya will own 45,000 Ordinary Shares, representing 0.004 per cent of the Company.

Applications have been made for the 471,377 new Ordinary Shares to be admitted to trading on AIM and the JSE, both of which are expected to occur on or around 18 December 2023 ("Admission").

Following Admission there will be 1,222,389,481 Ordinary Shares in issue, including treasury shares. Following Admission the number of Ordinary Shares (excluding treasury shares) that carry the right to one vote per Ordinary Share will be 1,166,695,130. 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

 
       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              Exercise of Share Options 
      -------------------------------------  ----------------------------------------- 
 c)    Price(s) and volume(s) 
                                              -------------------  ----------------- 
                                               Price(s)             Volume(s) 
                                              -------------------  ----------------- 
    ZAR2.97                                                         471,377 
   --------------------------------------------------------------  ----------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                    471,377 
 
  - Price                                ZAR 2.97 
 e)    Date of the transaction                14 December 2023 
 f)    Place of the transaction               Johannesburg Stock Exchange 
      -------------------------------------  ----------------------------------------- 
 

-ENDS-

Further information on Gemfields Group Limited can be found at:

GEMFIELDSGROUP.COM

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ENQUIRIES

 
 GEMFIELDS           Sean Gilbertson / David Lovett / Ian 
                      Hughes 
                      [e-mail] 
                      T: [phone] 
 SPONSOR (JSE)       Investec Bank Limited 
                    ------------------------------------- 
 NOMINATED ADVISER   Liberum 
  (AIM) & BROKER      Scott Mathieson / John More / Kane 
                      Collings / Anake Singh 
                      T: [phone] 
                    ------------------------------------- 
 FINANCIAL PR/ IR    Camarco 
                      Gordon Poole / Emily Hall 
                      T: [phone] 
                    ------------------------------------- 
 

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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December 14, 2023 02:00 ET (07:00 GMT)