Gemfields Group Limited Disclosure of beneficial interests in securities (0311U)

TIDMGEM

RNS Number : 0311U

Gemfields Group Limited

30 November 2021

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")

Disclosure of beneficial interests in securities

LONDON, 30 NOVEMBER 2021

In compliance with paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised that Gemfields has received formal notification from Rational Expectations (Pty) Ltd ("Rational") on 29 November 2021, that Rational and related parties acquired a beneficial interest in ordinary shares of the Company, such that the total beneficial interest in ordinary shares of the Company held by Rational is now 9.02% of the total issued shares of the Company. Following the acquisition, Rational held a total of 105,500,462 ordinary shares in the Company.

Rational's completed form TR-1 is attached.

-ENDS-

Further information on Gemfields Group Limited can be found at:

GEMFIELDSGROUP.COM

To join our investor mailing list, contact us on:

[e-mail]

For any press enquiries please contact us on:

[e-mail]

ENQUIRIES

 
 GEMFIELDS               Sean Gilbertson / David Lovett / Mark 
                          Lawrie 
                          T: [phone] 
 SPONSOR (JSE)           Investec Bank Limited 
                        -------------------------------------- 
 SEDIBELO SALE PROCESS   Liberum 
                          Nehal Patel 
                          T: [phone] 
                        -------------------------------------- 
 NOMINATED ADVISER       finnCap Ltd 
  (AIM) & JOINT BROKER    Christopher Raggett / Tim Redfern 
                          / Edward Whiley 
                          T: [phone] 
                        -------------------------------------- 
 JOINT BROKER            Liberum 
                          Scott Mathieson / Kane Collings 
                          T: [phone] 
                        -------------------------------------- 
 FINANCIAL PR/ IR        Camarco 
                          Gordon Poole / Nick Hennis 
                          T: [phone] 
                        -------------------------------------- 
 

ADDITIONAL INFORMATION ON GEMFIELDS

Gemfields is a world-leading supplier of responsibly sourced 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 licenses 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, 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 and 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCMZMFMGGNGMZM

(END) Dow Jones Newswires

November 30, 2021 05:45 ET (10:45 GMT)