Gemfields PLC Result of AGM (1048Q)

TIDMGEM

RNS Number : 1048Q

Gemfields PLC

24 November 2016

Gemfields plc

("Gemfields" or the "Company")

Result of AGM

24 November 2016

Gemfields plc (AIM: GEM) is pleased to announce that at the Annual General Meeting ("AGM") of the Company held today, all resolutions were passed by shareholders.

ENQUIRIES:

 
 Gemfields                          [e-mail] 
                                    [phone] 
 JJ Williams, Company Secretary      4965 
 
 Grant Thornton UK LLP 
 Nominated Adviser 
 Philip Secrett/Richard             [phone] 
  Tonthat/Jamie Barklem              5100 
 
 J.P. Morgan Cazenove 
 Joint Broker 
 Jamie Riddell / James              [phone] 
  Deal                               4000 
 
 BMO Capital Markets Limited 
 Joint Broker 
 Jeff Couch/Neil Haycock/Tom        [phone] 
  Rider/Jenny Wyllie                 1010 
 Macquarie Capital (Europe) 
  Limited 
  Joint Broker 
  Raj Khatri/Nick Stamp/Guy           [phone] 
  de Freitas                          2000 
 Tavistock 
 Jos Simson/Emily Fenton/Barnaby    [phone] 
  Hayward                            3150 
 

Notes to Editors:

Gemfields plc is a leading supplier of responsibly sourced coloured gemstones and is quoted on the AIM market of the London Stock Exchange (ticker: GEM).

Gemfields is the operator and 75 per cent. owner of both the Kagem emerald mine in Zambia (believed to be the world's single largest producing emerald mine) and the Montepuez ruby deposit in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also holds a 50 per cent. interest in the Kariba amethyst mine in Zambia, as well as controlling interests in various other gemstone mining and prospecting licenses in Zambia, Mozambique, Colombia, Ethiopia, Madagascar and Sri Lanka.

Gemfields' outright ownership of the Fabergé brand - an iconic and prestigious brand of exceptional heritage - enables Gemfields to optimise positioning, perception and consumer awareness of coloured gemstones, advancing the 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 quality coloured gemstones to the global downstream markets. This is a key component of the Company's business model which the Directors believe has played an important role in the appropriate distribution and associated resurgence of the global coloured gemstone sector.

www.gemfields.co.uk

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END

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November 24, 2016 09:16 ET (14:16 GMT)